Change - Announcement of Appointment::Re-designation of Executive Chairman to Non-Executive Non-Independent Chairman

Issuer & Securities

Issuer/ Manager
NEW TOYO INTERNATIONAL HOLDINGS LTD
Securities
NEW TOYO INT HLDGS LTD - SG1E32850828 - N08
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-May-2026 19:03:50
Status
New
Announcement Sub Title
Re-designation of Executive Chairman to Non-Executive Non-Independent Chairman
Announcement Reference
SG260528OTHRL5KZ
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr Yen Wen Hwa as Executive Chairman to Non-Executive Non-Independent Chairman

Additional Details

Date of appointment
01/07/2026
Name of person
Yen Wen Hwa
Age
77
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 Nominating Committee ("NC") has reviewed and considered the contributions, capabilities, working experience and suitability of Mr Yen Wen Hwa ("Mr Yen"), and recommended that he be re-designated from his current position as Executive Chairman to Non-Executive Non-Independent Chairman of the Company.

Having considered the NC's recommendation, the Board has approved the re-designation of Mr Yen as Non-Executive Non-Independent Chairman of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Non-Independent Chairman
Professional qualifications
High School
Working experience and occupation(s) during the past 10 years
Mr Yen is the founder of New Toyo International Holdings Ltd ("NTIH") Group and currently serves as its Executive Chairman. He served as Non-Executive Chairman of NTIH from 1 September 2016 to 31 October 2020.

He was appointed as Executive Chairman of Tien Wah Press Holdings Berhad ("TWPH") on 16 February 2015 and was re-designated as Non-Independent Non-Executive Chairman of TWPH on 1 January 2021.
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
New Toyo International Holdings Ltd
Direct Interest - 139,959,164 ordinary shares
Deemed Interest - 87,910,517 ordinary shares
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
Mr Yen Wen Hwa is the controlling shareholder with his 51.94% equity interest in the Company.
Conflict of interest (including any competing business)
None
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)
1. Full Chain Limited
2. New Toyo Adelaide Pty Ltd
3. E Moto Sdn Bhd
4. Pulppy Professional (Macau) Co Limited
Present
1. New Toyo International Holdings Ltd
2. Yen & Son Holdings Pte Ltd
3. Tien Wah Press Holdings Berhad
4. Toyoma Aluminium Foil Packaging Sdn Bhd
5. Wan Bao Sdn Bhd
6. Penthouse Club & Karaoke Sdn Bhd
7. Benline Enterprise Sdn Bhd
8. Lum Chang Tien Wah Property Sdn Bhd
9. New Ocean World Fine Food City Sdn Bhd
10. Tien Wah Properties Sdn Bhd
11. Jing Cheng Beijing Duck Restaurant Sdn Bhd
12. Songngu Vietnamese Cuisine Sdn Bhd
13. Somboon Thai Cuisine Sdn Bhd
14. Aegean Blue Cuisine Sdn Bhd
15. Eer Dun Hotpot Sdn Bhd
16. Anzpac Services (Australia) Pty Limited
17. Aurora Edge Sdn Bhd
18. Vina Toyo Co., Ltd
19. New Toyo Pulppy (Vietnam) Co. Ltd
20. Greeting Tomt Limited
21. New Toyo Pulppy (Hong Kong) Ltd
22. Pulppy International (Hong Kong) Ltd
23. Miss Ao Dai Ice Cream & Coffee Sdn Bhd
24. Wen Yuan Vegetarian Restaurant Sdn Bhd
25. New Ocean World Japanese Restaurants Sdn Bhd
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?
Yes
If yes, please provide details of prior experience.
Mr Yen has been a Director of the Company since 1 September 2016.
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