Change - Announcement of Appointment::Appointment of Executive Director

Issuer & Securities

Issuer/ Manager
FORTRESS MINERALS LIMITED
Securities
FORTRESS MINERALS LIMITED - SGXE46200569 - OAJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-Jul-2023 20:40:53
Status
New
Announcement Sub Title
Appointment of Executive Director
Announcement Reference
SG230731OTHRTGDE
Submitted By (Co./ Ind. Name)
Dato' Sri Ivan Chee Yew Fei
Designation
Executive Director and Chief Executive Officer
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"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The Sponsor has also not drawn on any specific technical expertise in its review of this announcement.

The contact person for the Sponsor is Ms Jennifer Tan, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Date Of Appointment
01/08/2023
Name Of Person
Edmund Chee Ji Kang
Age
23
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
As part of the Company's succession plan and to further broaden the Board's diversity in terms of age, skill sets and digital knowledge, the Nominating Committee and the Board have reviewed and assessed Mr Edmund Chee Ji Kang's ("Mr Edmund Chee") educational background, qualification, experiences and skill sets and concluded that he possesses the requisite criteria and will bring new perspectives on the business of the Company and contribute effectively to the Board. Furthermore, his youth and having grown up in the digital age should create diversity and bring fresh ideas which is expected to enhance Board's decision making. He will be directly mentored by the Company's Chief Executive Officer ("CEO") and Chief Operating Officer. The Board has accepted the Nominating Committee's recommendation and approved the appointment of Mr Edmund Chee as an Executive Director of the Company.

Dato' Sri Ivan Chee Yew Fei, the Company's Executive Director and CEO, and father to Mr Edmund Chee has abstained from the deliberation of the Nominating Committee as well as that of the Board in relation to the abovesaid appointment. Ms Willa Chee Keng Fong, the Company's Non-Executive and Non-Independent Director, sister to Mr Edmund Chee has abstained from the deliberation of the Board.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Edmund Chee shall engage in close collaboration with the CEO of the Company, pertaining to corporate development and strategic planning within the Group, emphasizing the significance of leveraging technology. In doing so, Mr Edmund Chee will facilitate the attainment of the Company's present and future objectives by introducing and implementing advancements in technology. Additionally, Mr Edmund Chee will render valuable assistance in assessing new business opportunity alongside the CEO, for long term sustainable growth of the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Professional qualifications
Bachelor of Science in Computer Science (Information Security)
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
Mr Edmund Chee is the son of Dato' Sri Ivan Chee Yew Fei, the Executive Director and CEO of the Company, and the brother of Ms Willa Chee Keng Fong, the Non-Executive and Non-Independent Director of the Company.
Conflict of interests (including any competing business)
Yes, Mr Edmund Chee has the following potential conflict of interests pursuant to his relationship with Dato' Sri Ivan Chee Yew Fei:

(i) Dato' Sri Ivan Chee Yew Fei is a director of Extra Diligent Sdn Bhd ("EDSB") and he also holds an equity interest of 55% (directly and indirectly) of the total issued share capital of EDSB ("EDSB Shares"). EDSB has been granted the sole and exclusive right to explore and mine for iron ore within the land measuring in area of approximately 1,050 ha in Mukim Pulai, Daerah Galas, Jajahan Gua Musang, Kelantan ("Kelantan Mine"). The Company has entered into a Call Option Agreement dated 28 February 2019 with EDSB and the shareholders of EDSB, pursuant to which a call option was granted to the Group to acquire or purchase the mining right over some or all of the mining area(s) within the Kelantan Mine or EDSB Shares (as the case may be) at any time from the period commencing on the date of the Call Option Agreement and for so long as the Call Option Agreement had not been terminated pursuant to the termination clause, by serving a notice of exercise on the relevant shareholder of EDSB (as the case may be).

Please refer to page 227 to page 235 of the Company s Offer Document dated 19 March 2019 for further details on the above potential conflict of interest and the undertakings provided by Dato' Sri Ivan Chee Yew Fei to the Group.

(ii) Dato' Sri Ivan Chee Yew Fei is a non-executive director of Norwest Minerals Limited ("NML") and he also holds an indirect equity interest of 7.25% of the total issued share capital of NML through YF Chee Holdings Sdn Bhd, a company wholly owned by him. In addition, Catherine Chee, the daughter of Dato' Sri Ivan Chee Yew Fei, holds an equity interest of 5.00% of the total issued share capital of NML. NML is a company incorporated in Australia and was listed on the Australian Stock Exchange on 29 November 2018. NML is involved in the exploration of gold and base metals in several locations within Western Australia.

Please refer to page 235 to page 236 of the Company s Offer Document dated 19 March 2019 for further details on the above potential conflict of interest and the undertakings provided by Dato' Sri Ivan Chee Yew Fei to the Group.




Working experience and occupation(s) during the past 10 years
IT Specialist cum PA to CEO, Fortress Shared Services Sdn. Bhd. (December 2022 - Present)

Bachelor of Science in Computer Science Teaching Assistant of Royal Holloway University of London (September 2021 - July 2022)
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)
N/A
Present
Fortress Mining Sdn. Bhd.
FM Gold Sdn. Bhd.
Alfa Wijaya Sdn. Bhd.
Tempest Geothermal Energy Sdn. Bhd.
Tempest Energy Sdn. Bhd.
(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
Mr Edmund Chee will attend the training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange within one year from the date of his appointment to the Board.