Change - Announcement of Appointment::Appointment of Independent Non-Executive Director - Mr Sim Mong Keang
Issuer & Securities
Issuer/ Manager
META HEALTH LIMITED
Securities
META HEALTH LIMITED - SG1O81915033 - 5DX
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
22-Jul-2024 17:17:54
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director - Mr Sim Mong Keang
Announcement Reference
SG240722OTHRVOFU
Submitted By (Co./ Ind. Name)
Gwendolin Lee Soo Fern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Non-Executive Director - Mr Sim Mong Keang
This announcement has been prepared by Meta Health Limited (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("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 Mr Alex Tan, Chief Executive Officer, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.
Additional Details
Date Of Appointment
01/08/2024
Name Of Person
Sim Mong Keang
Age
54
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") had evaluated the balance and mix of skills, knowledge, experience, and other aspects of diversity, they had interviewed Mr Sim Mong Keang to assess his suitability for appointment as an Independent Director of the Company. The NC was of the view that Mr Sim would be a suitable addition to the Board and the Board would benefit from his experience and expertise. The Board concurred with the recommendations of the NC and approved the appointment of Mr Sim as an Independent Director of the Board.
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
Audit Committee Member
Nominating Committee Chairman
Remuneration Committee Member
Professional qualifications
Diploma in Electronic Engineering from Ngee Ann Polytechnic, Singapore
Bachelor of Commerce from Murdoch University, Western Australia
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
Serial Achieva Limited
From 2024 to Present
Position: CEO, Executive Director
Achieva Technology Sdn Bhd
From March 2023 to July 2024
Position: Interim CEO
FSK Advisory Pte. Ltd.
From 2014 to Present
Position: CEO
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
50,000 ordinary shares
# 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)
ZACD Group Ltd.
Director (13/12/2017 to 30/04/2024)
Boldtek Holdings Limited
Director (03/09/2022 to 09/12/2023)
Present
LISTED ENTITIES:
Global Invacom Group Limited
Director (23/09/2015 to Present)
Serial Achieva Limited
Executive Director, CEO (June 2024 to Present)
USP Group Limited
(Under Interim Judicial Management)
Director (03/12/2023 to Present)
NON-LISTED ENTITIES:
I2 Capital Pte. Ltd.
Director (28/02/2007 to Present)
Maximus Fortune Pte. Ltd.
Director (11/11/2009 to Present)
CESK Capital Pte. Ltd.
Director (09/10/2013 to Present)
FSK Advisory Pte. Ltd.
Director (21/03/2017 to Present)
Achieva Technology Sdn Bhd
Director (April 2023 to Present)
(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
USP Group Limited:
I was appointed as Independent Director in Dec 2023, the company was placed under IJM in Feb 2024. The board decided to place the company under IJM because as part of the new board, there were too many claims against the company under the former management and the board decided that the group could be saved if it underwent a corporate structuring.
Boldtek Holdings Limited:
I was appointed to the company in Sep 2022 and step down in Dec 2023. The company was placed under JM in April 2024.
(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
Mr Sim Mong Keang has been appointed Independent Director of companies listed in Singapore, London and Hong Kong, since 2010.
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)
NA
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