Change - Announcement of Appointment::Re-designation of Mr Pang Kee Chai, Jeffrey as Vice Chairman of the Board of Directors

Issuer & Securities

Issuer/ Manager
CAPALLIANZ HOLDINGS LIMITED
Securities
CAPALLIANZ HOLDINGS LIMITED - SG1H44875935 - 594
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Apr-2022 21:36:50
Status
New
Announcement Sub Title
Re-designation of Mr Pang Kee Chai, Jeffrey as Vice Chairman of the Board of Directors
Announcement Reference
SG220430OTHR1QG8
Submitted By (Co./ Ind. Name)
Pang Kee Chai, Jeffrey
Designation
Director
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr Pang Kee Chai, Jeffrey from Chief Executive Officer of the Company to Vice Chairman of the Board of Directors of the Company with effect from 1 May 2022.

This announcement has been prepared by CapAllianz Holdings Limited (the "Company") and its contents have been reviewed by the Company's sponsor (the "Sponsor"), ZICO Capital Pte. Ltd., in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by 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. Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road #06-03, Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
01/05/2022
Name Of Person
Pang Kee Chai, Jeffrey
Age
45
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
30/11/2020
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Pang Kee Chai, Jeffrey ("Mr Pang") is currently the Executive Director and Chief Executive Officer of the Company. The board of directors ("Board") of the Company, having considered the recommendation of the Nominating Committee and reviewed the qualifications, expertise, work experience, suitability, capabilities and other relevant factors, approved the re-designation of Mr Pang from Chief Executive Officer of the Company to Vice Chairman of the Board. For avoidance of doubt, Mr Pang will remain as an Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. As Vice Chairman of the Board, Mr Pang will assist the Chairman of the Board in leading the direction of the Board, including the overall strategizing and planning for the Group. As an Executive Director of the Company, Mr Pang will continue to manage and oversee the day-to-day operations and financial position of the Group jointly with the Chief Executive Officer of the Company, as well as exercise control over the quality and timeliness of information flow between the Board and the management of the Company, together with the Chief Executive Officer of the Company. Operationally, Mr Pang will focus on the Oil and Gas division of the Group and oversee new businesses of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Vice Chairman of the Board and Executive Director of the Company and a member of the Nominating Committee of the Company
Professional qualifications
Fellow of the Association of Chartered Certified Accountants and a member of the Institute of Singapore Chartered Accountants
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 Pang is a shareholder and warrantholder of the Company, details as set out below.
Conflict of interests (including any competing business)
No.
Working experience and occupation(s) during the past 10 years
10 May 2016 to present
- Executive Director and Chief Executive Officer of the Company

July 2011 to May 2016
- Chief Financial Officer / Financial Controller of the Company

January 2008 till June 2011
- Financial Controller of Jit Sun Investments Group
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?
Yes
Shareholding Details
Direct interest in 70,054,545 shares of the Company, representing 0.82% of the issued and paid-up capital of the Company and 2,964,250 warrants of the Company
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Other Principal Commitment:
Nil

Directorships:
1) ADTIC Pte. Ltd. (Struck off)
2) Amaira Shipping Company Limited
3) Asian Skies Pte. Ltd.
4) Coastal Trade Limited
5) FIT Global Pte. Ltd. (In Liquidation)
6) Harvison Holdings Limited
7) Hope Medical Asia Pte. Ltd.
8) Immense Wellness Pte. Ltd.
9) Loyz Oil Philippines Pte. Ltd. (Struck off)
10) Trevaskis Limited
11) Ylato Shipping Company Limited
Present
Other Principal Commitment:
Nil

Directorships:
1) Loyz Oil Pte. Ltd.
2) JP Consulting Services Pte. Ltd.
3) Loyz Oil Thailand Pte. Ltd.
4) CWX Investments Pte. Ltd.
5) Shen Yao Holdings Limited
6) Preferred Mart Pte. Ltd.
(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?
Yes
If Yes, Please provide details of prior experience
Mr Jeffrey Pang is currently a Director of the Company and Shen Yao Holdings Limited, companies listed on the Singapore Exchange.
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.