Change - Announcement of Appointment::Appointment of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
UNI-ASIA GROUP LIMITED
Securities
UNI-ASIA GROUP LIMITED - SG1DG7000000 - CHJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
14-Aug-2023 17:12:56
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer
Announcement Reference
SG230814OTHRVUHR
Submitted By (Co./ Ind. Name)
Lim Kai Ching
Designation
Group CFO
Effective Date and Time of the event
29/02/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
Mr. Masahiro Iwabuchi will be appointed Chief Executive Officer of the Company with effect from 29 February 2024.

Additional Details

Date Of Appointment
29/02/2024
Name Of Person
Masahiro Iwabuchi
Age
61
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
With the recommendation from Nominating Committee, the Board has approved the appointment having considered Mr. Iwabuchi's past experience and qualifications.
Whether appointment is executive, and if so, the area of responsibility
Yes. As CEO, Mr. Iwabuchi will be responsible for leading the management and staff of the Group in the day-to-day running of the Group's business in accordance with the strategy as approved by the Board.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Professional qualifications
Mr. Iwabuchi graduated with a bachelor's degree in economics from Hirosaki University of Japan in 1985.
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Mr. Iwabuchi joined the Group when it was established in 1997 and had since held various management appointments within the Group. He was appointed an Executive Director of the Company on 1 March 2018. Mr. Iwabuchi heads the Property Investment Department and oversees the Human Resource and Information Technology functions of the Group. He has extensive experience in the banking industry and has worked in various parts of Asia including Japan, Indonesia, Singapore, Hong Kong and China. Mr. Iwabuchi speaks fluent Japanese, English and Mandarin.
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
645,700 shares in the Company
# 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)
1. Uni-Asia Group Limited
2. Uni-Asia Holdings Limited
3. Uni-Asia Capital (Singapore) Limited
4. Uni-Asia Hotels Ltd.
5. Uni-Asia Capital Company Limited
6. Uni-Asia Guangzhou Property Management Co., Ltd.
7. UNI SALA Capital Investment Ltd.
8. United Wise Capital Investment Ltd.
9. Uni-Asia Investment Co., Ltd.
10. Uni-Asia Capital (Japan) Co., Ltd.
11. Vista Hotel Management Co., Ltd.
12. Uni-Asia Wellgain Capital Investment Ltd.
13. AAA Strategic Investment Limited
14. Uni-Asia Services and Agency Limited
Present
1. Uni-Asia Group Limited
2. Uni-Asia Holdings Limited
3. Uni-Asia Capital (Singapore) Limited
4. Uni-Asia Capital Company Limited
5. Uni-Asia Guangzhou Property Management Co., Ltd.
6. United Wise Capital Investment Ltd.
7. Uni-Asia Investment Co., Ltd.
8. Uni-Asia Capital (Japan) Co., Ltd.
9.Uni-Asia Wellgain Capital Investment Ltd.
10. Uni-Asia Services and Agency Limited
11. AAA Strategic Investment Limited
(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
Mr. Iwabuchi has been an Executive Director of the Company since 1 March 2018.
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)
N.A.

Attachments

Uni-Asia 2023-08-14 - Retirement and Appointment of CEO.pdf
Total size =27K