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

Issuer & Securities

Issuer/ Manager
BROMAT HOLDINGS LTD
Securities
BROMAT HOLDINGS LTD - SGXE18744354 - 9I7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-Jul-2026 17:54:10
Status
New
Announcement Sub Title
Re-designation from Non-Executive Non-Independent Director to Non-Executive Non-Independent Chairman
Announcement Reference
SG260710OTHREZBI
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr Frank Liu Tao, the existing Non-Executive Non-Independent Director, to the Non-Executive Non-Independent Chairman.

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Ms Lee Khai Yinn (Tel: (65) 6232 3210) at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.

Additional Details

Date of appointment
10/07/2026
Name of person
Frank Liu Tao
Age
60
Country of principal residence
China
Date of last re-appointment (if applicable)
03/03/2025
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors of the Company has considered, among others, the recommendation of the Nominating Committee and the qualifications and experience of Mr Frank Liu Tao, and concluded that Mr Frank Liu Tao possesses the requisite experience, expertise, knowledge and skills to contribute towards the core competencies of the Board.

Accordingly, the Nominating Committee and the Board have approved the re-designation of Mr Frank Liu Tao to the 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
Columbia Senior Executive Program - Columbia University Institute School of Business

Bachelor of Arts - Beijing Union University
Working experience and occupation(s) during the past 10 years
2000 - Present, Chairman of Gao Sheng Investment Company Ltd
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
Mr Frank Liu Tao owns 368,621,505 ordinary shares in the Company.
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
None
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)
None
Present
Directorships:

Within the Group:

- Shanghai Jinbaozheng Business Consulting Co Ltd
- Shanghai Xinzhaopai Catering Management Co Ltd

Outside the Group:

- Shanghai Qibajiu Network Technology Co Ltd
- Shanghai Jiyi Enterprise Management Co Ltd
- Shanghai Gaofeng Consulting Management Co Ltd
- Baodao Investment Consulting Co Ltd
- Shanghai Gaoming Consulting Management Co Ltd
- Shanghai Gaosheng Commercial Building Management Co Ltd
- Shanghai Gaosheng Commercial Plaza Co Ltd
- Shanghai Gaosheng Investment Co Ltd
- Shanghai Gaosheng Cultural Development Co Ltd
- Shanghai 789 Network Technology Co., Ltd
- Shanghai Gaosheng Mansion Corp Ltd

Other principal commitment:

Please refer to the "Working experience and occupation(s) during the past 10 years" above.
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
Yes
If yes, please provide full details.
Yes. There were 2 administrative actions in 2018 and 2022 involving Gaosheng Commercial Plaza which Mr Frank Liu Tao is a legal representative.

On 22 December 2022, the Shanghai Huangpu District Health and Wellness Committee fined Gaosheng Commercial Plaza RMB 2,000 (approximately USD 280) for failing to take health precautions in its water supply facilities.

On 26 August 2018, the Shanghai Huangpu District Urban Management and Administrative Law Enforcement Bureau fined Gaosheng Commercial Plaza RMB 500 (approximately USD 70) for unauthorised occupation of city roads.
(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 Frank Liu Tao is an existing Non-Executive and Non-Independent Director of the Company.
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