Change - Announcement of Appointment::APPOINTMENT OF CHAIRMAN AND NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
AXINGTON INC.
Securities
AXINGTON INC - MYA010LA0136 - XHV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
14-Jun-2024 23:57:34
Status
New
Announcement Sub Title
APPOINTMENT OF CHAIRMAN AND NON-EXECUTIVE DIRECTOR
Announcement Reference
SG240614OTHRMQV3
Submitted By (Co./ Ind. Name)
Ang Chiang Meng
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
APPOINTMENT OF CHAIRMAN AND NON-EXECUTIVE DIRECTOR

This announcement has been reviewed by the Company s Sponsor, RHT Capital 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 contact person for the Sponsor is Mr. Joseph Au at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com.

Additional Details

Date Of Appointment
20/06/2024
Name Of Person
Goh Su Teng
Age
44
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)
As disclosed in the Company s circular to shareholders dated 27 December 2023, Mr Goh Su Teng ("Sean Goh") is appointed as Chairman and Non-Executive Director of the Company as part of the re-constitution of the Board following the completion of the Proposed Acquisition on 14 June 2024.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and Non-Executive Director
Professional qualifications
Bachelor of Engineering degree with Honours from 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
Sean Goh is an Executive Director and Deputy Group Chief Executive Officer of Serial System Ltd and cousin of Mr. Derek Goh Bak Heng and uncle of Ms. Goh Si Hui Victoria. Mr. Derek Goh Bak Heng is an Executive Chairman, Group Chief Executive Officer and substantial shareholder of Serial System Ltd. and Ms. Goh Si Hui Victoria is Executive Director and Vice President, Business Development & Marketing of Serial System Ltd. Ms. Goh Si Hui Victoria will be appointed as Non-Executive Director of the Company upon the completion of acquisition.
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
July 2022 - Present: Deputy Group Chief Executive Officer, Serial System Ltd

October 2021 - Present: Executive Director, Serial System Ltd

June 2019 - July 2022: Group Chief Operating Officer, Serial System Ltd

July 2018 - May 2019: Group Senior Vice President and Chief Operating Officer of Consumer Products Distribution Division, Serial System Ltd

July 2011 - June 2018: Senior Vice President of Corporate Planning, Development and Regional Marketing, Serial Microelectronics Pte Ltd (wholly owned subsidiary of Serial System Ltd)

October 2009 - June 2011: Vice President of Regional Marketing, Serial Microelectronics Pte Ltd (wholly owned subsidiary of Serial System Ltd)

January 2009 - September 2009: Marketing Director, Serial Microelectronics Pte Ltd (wholly owned subsidiary of Serial System Ltd)

January 2006 - December 2008: Product Manager, Serial Microelectronics Pte Ltd (wholly owned subsidiary of Serial System Ltd)

June 2004 - December 2005: Sales Engineer, Serial Microelectronics Pte Ltd (wholly owned subsidiary of Serial System 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)
Please refer to attachment.
Present
Please refer to attachment.
(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?
Yes
If Yes, Please provide full details
In March 2019, Tong Chiang Group Pte. Ltd., an associated company of the Group, went into a creditors' liquidation. Sean Goh was an alternate director of Tong Chiang Group Pte. Ltd. from 28 August 2015 to 14 September 2018.
(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?
Yes
If Yes, Please provide full details
In February 2017, a civil suit has been initiated by the Securities and Futures Investors Protection Center of Taiwan ("SFIPC") against amongst others; Bull Will Co., Ltd, (an associated company of Serial System Ltd) its directors, independent directors, supervisors, accounting supervisors, legal shareholder, and external auditors.

In June 2021, the civil suit was dismissed by the Taiwanese Court on the basis that they were without merit. SFIPC subsequently filed an appeal. The civil suit is currently in progress. Sean Goh is Serial System Ltd's non-executive legal representative director of Bull Will Co., Ltd.
(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
Executive Director of Main board listed, Serial System Ltd from 5 October 2021 to present

Attachments

Sean_Directorship.pdf
Total size =534K