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

Issuer & Securities

Issuer/ Manager
KEONG HONG HOLDINGS LIMITED
Securities
KEONG HONG HOLDINGS LIMITED - SG2D92977651 - 5TT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
08-Jul-2025 17:30:56
Status
New
Announcement Sub Title
Appointment of Interim Chief Executive Officer
Announcement Reference
SG250708OTHRI7SK
Submitted By (Co./ Ind. Name)
Lim Guek Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Interim Chief Executive Officer.

Additional Details

Date Of Appointment
08/07/2025
Name Of Person
Xu Quanqiang
Age
47
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
28/03/2024
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mr Xu Quanqiang is currently the Executive Director of Keong Hong Holdings Limited, and represents the interests of LJHB Holdings (S) Pte Ltd ("LJHB") on the Board of Keong Hong Holdings Limited. Mr Xu does not hold shares in either LJHB or LJHB Capital (S) Pte Ltd.

The Board, having considered the recommendation of the Nominating Committee and has reviewed and considered the performance, contributions, qualifications, expertise, work experience and familiarity with the Group's business and operations, is satisfied that Mr Xu is suitable for the role of Interim Chief Executive Officer and approved his appointment. As such, Mr Xu's appointment will take effect from 8 July 2025 for one year, whilst the search for a suitable candidate for CEO continues.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Xu will oversee the business operations of the Keong Hong Group, in addition to his current responsibilities in managing the Group's investments.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Interim Chief Executive Officer.
Professional qualifications
Master of Business Administration degree from the University of South 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
Mr Xu is the Chief Executive Officer of LJHB Holdings (S) Pte Ltd, a controlling shareholder of the Company. He represents them on the Board of Keong Hong Holdings Limited.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Mr Xu is the Chief Executive Officer of LJHB, LJHB USA Inc and Forevertrust International (S) Pte Ltd. Prior to joining LJHB, Mr Xu was the CEO of Ronghua Group Pte Ltd, a provider of healthcare solutions. His previous appointments also include Regional General Manager of GIC Group Pte Ltd, Country General Manager and Sales and Marketing Director of BSI Group Singapore Pte Ltd, and Assistant Vice President (Sales) of TUV SUD PSB Pte 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?
Yes
Shareholding Details
Direct interest of 586,800 ordinary shares held in Keong Hong Holdings Limited.
# 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)
BSI Group Singapore Pte Ltd
Present
1. Innotrust Pte Ltd
2. Wisestone Pte Ltd
3. PT Forevertrust International Indonesia
4. Keong Hong Holdings Limited
5. Grandwood Holdings Pte. Ltd.
6. Grandwood (Japan) Pte. Ltd.
7. LJHB Capital (S) Pte Ltd
8. Forevertrust International (S) Pte Ltd
9. FT Development Pte. Ltd.
10. Kori Holdings Limited
11. Wisewind International Pte. Ltd.
12. LJHB Capital (S) Pte Ltd - Chief Executive Officer
13. LJHB USA Inc - Chief Executive Officer
13. LJHB Holdings (S) Pte Ltd - Chief Executive Officer
14. Forevertrust International (S) Pte Ltd - Chief Executive Officer
15. Continental Hope Singapore Industrial Development Pte. Ltd. - Chief Executive Officer
(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
Keong Hong Holdings Limited
Kori Holdings Limited