Change - Announcement of Appointment::APPOINTMENT OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
PROSPERCAP CORPORATION LIMITED
Securities
PROSPERCAP CORPORATION LTD - SGXE73186327 - PPC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
11-Mar-2025 18:17:12
Status
New
Announcement Sub Title
APPOINTMENT OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG250311OTHRZ700
Submitted By (Co./ Ind. Name)
Iqbal Jumabhoy
Designation
Chief Executive Officer and Executive Director
Effective Date and Time of the event
11/03/2025 17:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance 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 Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Date Of Appointment
11/03/2025
Name Of Person
Thitawat Asaves
Age
53
Country Of Principal Residence
Thailand
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nominating Committee has received and considered the nomination and appointment of Mr. Thitawat Asaves ("Mr Thitawat") and taking into account his qualifications, work experience and skills, upon its recommendation, the Board of Directors has approved the appointment of Mr Thitawat as a non-independent non-executive Director of the Company.

Notwithstanding that the appointment of Mr Thitawat will result in the Board having no female directors, the Nominating Committee is of the view that the Board will continue to have a broad and balanced mix of skills, experience, knowledge and expertise, with directors from diverse backgrounds, industries, professional experiences, and cultures, which would avoid the Board undertaking any groupthink and promote constructive debate within the Board, in line with the Company's Board Diversity Policy. The Nominating Committee remains committed to enhancing gender diversity and recommends that a female director be appointed in the future, when a suitable candidate arises.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director
Professional qualifications
Director Certification Program (DCP) 373/2024 by The Thai Institute of Director (IOD)
Transcend, Krungsri Executive Training Program by Harvard Business Review
Master of Business Administration (May 1999), The Kenan-Flagler Business School of the University of North Carolina at Chapel Hill
Bachelor of Business Administration (Finance and Banking) (February 1994), Thammasat University
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
September 2024 to Present: DTGO Corporation Limited (Chief Financial Officer)
June 2023 to December 2024: DTGO Prosperous Limited (Chief Executive Officer)
July 2015 to May 2023: Bank of Ayudhya PCL (Executive Vice President)
September 2020 to May 2023: Bank of Ayudhya PCL (Head of Project Finance and Structured Finance)
January 2014 to September 2020: Bank of Ayudhya PCL (Head of Investment Banking, Investment Banking Division)
October 2010 to June 2015: Bank of Ayudhya PCL (Senior Vice President)
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)
June 2024 to January 2025: MQDC Town Royal Residence Company Limited (Executive Director)
June 2024 to January 2025: MQDC Town Royal Asset Company Limited (Executive Director)
June 2024 to January 2025: MQDC Town Royal Place Limited (Executive Director)
June 2024 to January 2025: MQDC Town Corporation Limited (Executive Director)
June 2024 to January 2025: MQDC Town Collection Limited (Executive Director)
June 2024 to January 2025: MQDC Town World Company Limited (Executive Director)
June 2024 to January 2025: Royal Aspen MQDC Town Company Limited (Executive Director)
February 2022 to June 2022: Prakit Holdings Public Company Limited (Independent Director and Audit Committee Member)
May 2019 to May 2022: The Thai Bond Market Association (Director and Audit Committee Member)
Present
November 2023 to Present: DTGO Prosperous Limited (Executive Director)
April 2024 to Present: Prakit Holdings Public Company Limited (Independent Director, Audit Committee Member)
(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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
The Company will arrange for Mr. Thitawat to attend the relevant training on the roles and responsibilities of a Director of a listed issuer on the SGX-ST as prescribed by the Exchange within one year from the date of his appointment.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
N.A.