Change - Announcement of Appointment::Appointment of Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
SHEN YAO HOLDINGS LIMITED
Securities
SHEN YAO HOLDINGS LIMITED - SGXE51426224 - A78
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
17-Oct-2023 17:49:29
Status
New
Announcement Sub Title
Appointment of Non-Executive and Non-Independent Director
Announcement Reference
SG231017OTHRCYNB
Submitted By (Co./ Ind. Name)
Pang Kee Chai, Jeffrey
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, W Capital Markets Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Sheila Ong, Registered Professional, W Capital Markets Pte. Ltd., 65 Chulia Street, #43-01 OCBC Centre, Singapore 049513, Telephone (65) 6513 3543.

Additional Details

Date Of Appointment
17/10/2023
Name Of Person
Yeo Hock Huat
Age
60
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nominating Committee had considered the credentials of Mr Yeo Hock Huat ("Mr Yeo") and recommended his appointment as Non-Executive Non-Independent Director and Chairman of the Board of the Company. The Board reviewed Mr Yeo's background, qualifications and experience and is of the view that he will bring valuable experience and insights that would be important to the strategic interests of the Company.

As announced by the Company on 15 September 2023, the Company has entered into a binding memorandum of understanding (the "MOU") with CSF Ventures Pte. Ltd. ("CSFV") whereby CSFV intends to procure investors to invest in the Company on a reasonable endeavour basis. Mr Yeo holds 84% shares of CSFV through JCS Venture Lab Pte. Ltd.
Whether appointment is executive, and if so, the area of responsibility
The appointment is as Non-Executive, Non-Independent Director and Chairman of the Board
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director, Member of the AC, NC, RC and Shen Yao Performance Award Committee
Professional qualifications
Executive MBA, Tsinghua University
Executive MBA, National University of Singapore
Diploma (Mechanical Engineering in Factory Automation), Ngee Ann Polytechnic
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
1990 - Present
Founder and Chairman of JCS Group

1 June 2010 - Present
Founder and Chairman of Mclean Technologies Berhad

10 August 2023 - Present
Non-Independent Non-Executive Director of Matex International Limited

Active volunteer involved in business, engineering and social community services in the following capacities:
Chairman, NUS Business School Chinese Alumni Association (2020 - Present)
Chairman, Hong Kah North Constituency Community Committee (2018 - Present)
Panelist, Advanced Manufacturing and Engineering Advisory Panel, Ministry of Trade and Industry, Singapore (2017 - Present)
Advisor, National Research Foundation, Singapore (2018 - Present)
Consultant, NUS Enterprise, Singapore (2015 - Present)
First Vice President, NUS Business School Chinese Alumni Association (2015 - 2019)
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
1V Capital Pte Ltd (Resigned on 23 November 2022)
JPS Advance Technology Pte Ltd (Struck off on 7 November 2022)
MEMSing Pte Ltd (Struck off on 8 May 2023)
Present
IFF International Pte Ltd
JCS Biotech Pte Ltd
JCS Greentech Pte Ltd
JCS Group Pte Ltd
JCS INVB Pte Ltd
JCS INVC Pte Ltd
JCS INVD Pte Ltd
JCS INVF Pte Ltd
JCS INVG Pte Ltd
JCS INVH Pte Ltd
JCS INVJ Pte Ltd
JCS INVK Pte Ltd
JCS Venture Lab Pte Ltd
JCS-Vanetec Pte Ltd
Komme International Pte Ltd
KORLS Arts & Tech Innovation Pte Ltd
KRU Energy Asia Pte Ltd
La Cura Mobility Pte Ltd
MClean Precision Pte Ltd
MClean Technologies Berhad
MClean Technologies Pte Ltd
Rangkaian Iltzam Sdn Bhd
Singapore Dragon Art Gallery Pte Ltd
Singapore Tea Museum Private Limited
Jiangxi JCS Energy Co., Ltd
JCS Biotech Ltd
Matex International Limited
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr Yeo was appointed as Non-Independent Non-Executive Director of Matex International Limited on 10 August 2023. He is currently undergoing training on the roles and responsibilities of a director of a listed issuer to meet the mandatory training requirements under the Catalist Rules.