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

Issuer & Securities

Issuer/ Manager
KITCHEN CULTURE HOLDINGS LTD.
Securities
KITCHEN CULTURE HOLDINGS LTD. - SG2D45972171 - 5TI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Jun-2023 22:52:24
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG230626OTHRWNFI
Submitted By (Co./ Ind. Name)
Lau Kay Heng
Designation
Non-Executive Non-Independent Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Non-Executive Director.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It 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. Lee Khai Yinn (Tel (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
26/06/2023
Name Of Person
Cheung Wai Man Raymond
Age
46
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)
Upon the recommendation of the Nominating Committee, the Board had reviewed the qualification and experience of Mr Cheung Wai Man Raymond, and approved his appointment as the Independent Non-Executive Director of the Company.

The Board considered Mr Cheung Wai Man Raymond to be independent for the purpose of Rule 704(7) of the Catalist Rules.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Professional qualifications
Associate of Institute & Faculty of Actuaries, UK
Associate of Singapore Actuarial Society
Bachelor of Business (Actuarial Science major), Nanyang Technological 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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Present:
March 2023 to present: Chief Executive Officer of CER Consultancy Pte Ltd
March 2023 to present: Growth Officer (part-time) of Delta Underwriting Pte Ltd
February 2023 to present: Risk Consultant (part-time) of ECXX Global Pte Ltd
June 2022 to present: Portfolio Manager of Lucerne Asset Management Pte Ltd
March 2021 to present: Founder and MD of Alpha Consultant Pte Ltd
February 2021 to present: Chief Executive Officer of Alpha Millennia Technology Pte Ltd

Past:
January 2022 to June 2022: Part-time Lecturer with Nanyang Technological University, Singapore
August 2021 to November 2022: Part-time Lecturer with ESSEC Business School, Asia Pacific
August 2021 to March 2022: Chief Risk Officer (part-time) with ECXX Global Pte Ltd
August 2019 to September 2019: Business Consultant (part-time) of Aetna Insurance Brokers Pte Ltd
July 2019 to October 2019: Portfolio Manager of Kredens Capital Management Pte Ltd
January 2019 to August 2020: Co-Founder & CEO of Allcars Pte Ltd
November 2018 to December 2019: Compliance Consultant (part-time) of BMFA Wealth Management Pte Ltd
March 2018 to November 2018: Chief Strategy Officer of Symbo Platform Holdings Pte Ltd
May 2017 to December 2019: Head of Risk Management of OneDegree Hong Kong Limited
April 2016 to February 2018: Regional Insurance Lead of Grab Taxi Holdings Pte Ltd
December 2013 to June 2014: Group Chief Risk Officer of Asia Capital Reinsurance Group
April 2011 to December 2013: Chief Risk Officer/Regional Head of Insurance Portfolio/ Aggregation Risk (ERM), AIG Asia Pacific Insurance Pte Ltd.
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)
Directorships:
Brickstone Pte Ltd
Baystech Solution Pte Ltd
WTSG Pte Ltd
AP Capital Fund I Pte Ltd
Salvare Holdings Pte Ltd
JCG Health Pte Ltd
CMIC Hemodialysis Pte Ltd
China Imyth Company Pte Ltd.
CFHQ Pte Ltd
Allcars Pte Ltd
SwiftAgro Pte Ltd
Fandom Community Foundation Ltd
Fandom Networks Singapore Pte Ltd
AskPanda Pte Ltd
BRCK Asia Partners Pte Ltd

Other Principal Commitments:
Please refer to "Working experience and occupation(s) during the past 10 years" section above.
Present
Directorships:
CER Consultancy Pte Ltd
Atlantic Partners Asia (SG) Pte Ltd
Gathercare Pte Ltd
PT Alpha Millennia Indonesia
Alpha Consultant Pte Ltd
Alpha Millennia Technology Pte Ltd
Alpha Millennia Consulting Pte Ltd
Beverly JCG Ltd
Two Actuarial Solutions Pte Ltd (Dormant)
URock Asset Pte Ltd (Dormant)
JPL Advisory LLP (Dormant)
BRCA Pte Ltd (Dormant)

Other Principal Commitments:
Please refer to "Working experience and occupation(s) during the past 10 years" section above.
(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
Independent Director, RMC Chairman, AC member, NC member and RC member of Beverly JCG Ltd. since February 2019.