Change - Announcement of Appointment::Appointment of Mr. Low Eng Teong as Chief Operating Officer

Issuer & Securities

Issuer/ Manager
STRACO CORPORATION LIMITED
Securities
STRACO CORPORATION LIMITED - SG1P15916395 - S85
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Sep-2026 17:38:00
Status
New
Announcement Sub Title
Appointment of Mr. Low Eng Teong as Chief Operating Officer
Announcement Reference
SG260901OTHRJ9OI
Submitted By (Co./ Ind. Name)
Lotus Isabella Lim Mei Hua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Low Eng Teong as Chief Operating Officer of the company with effect from 1 September 2026.

Additional Details

Date of appointment
01/09/2026
Name of person
Low Eng Teong
Age
57
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 appointment of Mr. Low Eng Teong as the Chief Operating Officer ("COO") of the Company was duly reviewed by the Company's Nominating Committee ("NC") and the Board of Directors (the "Board"). Having reviewed Mr. Low's qualifications and work experience, the Board is of the view that he is able to discharge the duties and responsibilities of the COO. The Board has therefore approved his appointment as the Company's COO.
Whether appointment is executive, and if so, the area of responsibility
Executive. Responsible for overseeing the Group's overall business operations.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer
Professional qualifications
- Senior Leadership Programme (SLP), Culture Academy, MCCY Singapore (2023)
- Senior Management Programme (SMP), Civil Service College, Singapore (2009)
- Governance and Leadership Programme (GLP), Civil Service College, Singapore (2007)
- Leaders in Education Programme, National Institute of Education, Nanyang Technological University, Singapore (2004)
- Master of Arts in Art and Art Education, Teachers College, Columbia University, USA (2001)
- Postgraduate Diploma in Education (Distinction), National Institute of Education, Nanyang Technological University, Singapore (1995)
- Bachelor of Arts (First Class Honours), University of Western Sydney, Australia (1994)
- Diploma in Art, Otago Polytechnic, New Zealand (1992)
Working experience and occupation(s) during the past 10 years
2026-Present
Special Aide to the Executive Chairman, Straco Corporation Limited (appointed 16 July 2026)

2023-2026
Chief Executive Officer, National Arts Council, Singapore

2020-2023
Deputy Chief Executive Officer, National Arts Council, Singapore

2018-2019
Assistant Chief Executive, National Arts Council, Singapore

2016-2017
Director, National Arts Council, Singapore
Shareholding interest in the listed issuer and its subsidiaries
No
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interest (including any competing business)
Nil
Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer
Yes
Other Principal Commitments* Including Directorships#
* "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance.
# These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8).
Past (for the last 5 years)
2024-2026
Board Director, The Esplanade Co Ltd

2022-2026
Board Director, Singapore Chinese Orchestra Company Limited

2017-2026
Board Director, Singapore Art Museum

2020-2023
Board Director, Nanyang Academy of Fine Arts

2018-2023
Board Director, Singapore Tyler Print Institute
Present
2018-Present
Board Director, Singapore Chinese Cultural Centre
Information Required
Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given.
(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
Disclosure applicable to the appointment of director only.
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.
Not Applicable.
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).
Not Applicable.