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

Issuer & Securities

Issuer/ Manager
Ayondo Ltd.
Securities
AYONDO LTD. - SG1ED1000001 - 1I5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-Oct-2019 23:33:47
Status
New
Announcement Sub Title
Appointment of Chief Technology Officer cum Interim Chief Executive Officer
Announcement Reference
SG191015OTHRUQ0Y
Submitted By (Co./ Ind. Name)
Foo Fatt Kah
Designation
Non-Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Technology Officer cum Interim Chief Executive Officer - Mr Dominic Anthony Morris

ayondo Ltd. (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") on 26 March 2018. The initial public offering of the Company was sponsored by UOB Kay Hian Private Limited (the "Sponsor").

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the 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 accuracy, completeness or correctness of any of the information, statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Date Of Appointment
15/10/2019
Name Of Person
Dominic Anthony Morris
Age
42
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment of Mr Dominic Anthony Morris ("Mr Dominic Morris") as Chief Technology Officer cum Interim Chief Executive Officer of the Company was reviewed and approved by the Nominating Committee ("NC") and the Board who, after taking into account his professional qualifications and working experience, are satisfied that he is suitable for the roles of Chief Technology Officer cum Interim Chief Executive Officer of the Company.

The NC had interviewed Mr Dominic Morris and is of the view that he is a suitable candidate for the position of Chief Technology Officer and concurrently the position of Interim Chief Executive Officer. The NC had also received positive feedback from several reference checks conducted on Mr Dominic Morris. Based on the above, the NC is of the view that Mr Dominic Morris possesses the competence, character and integrity expected of a Chief Technology Officer cum Interim Chief Executive Officer and unanimously recommended his appointment as Chief Technology Officer cum Interim Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Dominic Morris will be responsible for the Group's technology systems and infrastructure. In addition, he will concurrently manage and oversee the overall business and activities of the Group on an interim basis.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Technology Officer cum Interim Chief Executive Officer
Professional qualifications
Nil
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
October 2018 to Present: ayondo Ltd. - Principal Innovation Consultant (External Consultant of the Company)
January 2016 to October 2018: ayondo Asia Pte. Ltd. - Head of Innovation (Blockchain and Mobile Technology)
August 2012 to Present: My Manisku Pte. Ltd. (TradeHero) - Chief Technology Officer
February 2010 to Present: My Manisku Pte. Ltd. (TradeHero) - Director and Co-Founder
January 2012 to August 2012: Standard Chartered Bank - Head eCommerce (Quality & Release)
October 2008 to December 2011: Citibank - Global Release Manager (Equities Risk)
September 2005 to September 2008: Microsoft Consulting Services (MCS) - Consultant
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
Mr Dominic Morris currently holds 2,968,178 ordinary shares in the Company and 540,000 options exercisable into 540,000 ordinary 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)
Nil
Present
Directorships:
1. My Manisku Pte. Ltd
2. Scoop Research Pte. Ltd.
3. Scoop Retail Pte. Ltd.

Principal Commitments:
1. My Manisku Pte. Ltd
2. Aircarbon Pte. Ltd.
3. Scoop Crypto Wallet
(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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Not applicable.
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.