Change - Announcement of Appointment::Appointment of the Chairman of the AC and member of the NC and RC

Issuer & Securities

Issuer/ Manager
ASIA ENTERPRISES HOLDING LIMITED
Securities
ASIA ENTERPRISES HOLDING LTD - SG1S11926551 - A55
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Apr-2024 19:00:27
Status
New
Announcement Sub Title
Appointment of the Chairman of the AC and member of the NC and RC
Announcement Reference
SG240426OTHRHDSW
Submitted By (Co./ Ind. Name)
LEE YIH CHYI
Designation
MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Neo Gim Kiong ("Mr Neo") as the Chairman of the Audit Committee ("AC") and a member of the Nominating Committee ("NC") and Remuneration Committee ("RC") with effect from 26 April 2024.

Additional Details

Date Of Appointment
01/02/2024
Name Of Person
Neo Gim Kiong
Age
54
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
24/04/2024
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The AC and NC have reviewed the qualifications and working experience of Mr Neo and is of the view that Mr Neo is able to be appointed as the Chairman of the AC and a member of the NC and RC. The Board having considered the AC and NC's recommendation, approved the appointment of Mr Neo as the Chairman of the AC and a member of the NC and RC of the Company based on his qualifications and work experience.
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 Director, Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee
Professional qualifications
Bachelor of Science (Honours) in Mathematics, National University of Singapore

Executive Programme - China Economics for Overseas Entrepreneurs, Beijing 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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
2004 - Present
Bizmen Corporation Pte Ltd, Founding Director

2004 - Present
Dollar Tree Inc Pte Ltd, Founding Director

April 2015 - August 2022
Sen Yue Holdings Ltd, Chief Executive Officer
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)
Director, Astaka Holdings Limited

Director, International Press Softcom Ltd

Director, Sen Yue Holdings Ltd & subsidiaries of Sen Yue Holdings Ltd
Present
Director, Bizmen Corporation Pte Ltd

Director, Dollar Tree Inc Pte Ltd

Director, Ban Leong Technologies Ltd

Chairman, Acesian Partners Limited

Director, AV Labs International 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
Yes
If Yes, Please provide full details
Refer to the Company's Announcement released on 31 January 2024.

Sen Yue Holdings Ltd has announced that CAD will not pursue the investigation further per their announcement of 27 March 2024.
(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?
Yes
If Yes, Please provide full details
Refer to the Company's Announcement released on 31 January 2024.
(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?
Yes
If Yes, Please provide full details
Refer to the Company's Announcement released on 31 January 2024.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Director and Chairman of Acesian Partners Limited and Ban Leong Technologies Ltd