Change - Announcement of Appointment::Appointment of Non-Executive Director - Ang Meng Hai Markus David

Issuer & Securities

Issuer/ Manager
ADVANCED HOLDINGS LTD.
Securities
ADVANCED HOLDINGS LTD. - SG1CD5000001 - BLZ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Apr-2024 17:59:25
Status
New
Announcement Sub Title
Appointment of Non-Executive Director - Ang Meng Hai Markus David
Announcement Reference
SG240429OTHRQAB2
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Ang Meng Hai Markus David ("Mr Ang") as Non-Executive Director of the Company.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement 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 Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Date Of Appointment
29/04/2024
Name Of Person
Ang Meng Hai Markus David
Age
47
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 Board, having reviewed and considered Mr Ang's educational and professional qualification, working experience, capabilities and ability to contribute to the Company, approved the appointment of Mr Ang as Non-Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and Member of the Remuneration Committee
Professional qualifications
Dipl. Ing (MSc) Electrical & Electronic Engineering from RWTH Aachen University in North Rhine-Westphalia
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
Yes. Mr Ang is currently a non-executive director of the Company's subsidiary, Advanced Agri Pte. Ltd.. In addition, Mr Ang is also a shareholder and director of Agrimark Pte Ltd, being the Company's joint venture partner, which holds 40% interest in Advanced Agri Pte. Ltd.
Conflict of interests (including any competing business)
Mr Ang is a shareholder and director of Agrimark Pte Ltd which is also involved in the agricultural business. Should any conflict-related matters arise, Mr Ang will abstain from voting on these matters.
Working experience and occupation(s) during the past 10 years
March 2019 to Present:
CEO, GITC PTE LTD

March 2021 to Present:
Managing Director, Agrimark Pte Ltd

August 2021 to January 2024:
CEO, Kurdistan Pipeline Company Pte. Ltd.

May 2011 to March 2019:
BCS Business Consulting Services 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
Mr Ang holds 3,800,000 shares in Advanced Holdings Ltd. and has an effective shareholding of 10% in Advanced Agri Pte. Ltd.
# 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)
Minerals & Metals Group (Pte.) Ltd.

Andra Offshore Services Pte. Ltd.

Kurdistan Pipeline Company Pte. Ltd.

Rosneft Singapore Pte. Ltd.

Upstream Projects Pte. Ltd.

RN-Darato Pte. Ltd.

RN-Qasrok Pte. Ltd.

RN-Zawita Pte. Ltd.

RN-Batil Pte. Ltd.

RN-Harir-Bejil Pte. Ltd.

RN Angoche Pte. Ltd.

RN Zambezi North Pte. Ltd.

RN Zambezi South Pte. Ltd.

RN Middle East Pte. Ltd.

KR Global Health Pte Ltd.

G.A Global Pte Ltd.

Westgate Holding Pte. Ltd.

IS Pacific Pte Ltd.
Present
Agrimark Pte. Ltd.

Advanced Agri Pte. Ltd.

Almarana Holdings Pte. Ltd.

Eurasia Business Network Pte. Ltd.

AIX Management Pte. Ltd.

Raffles Capital Holdings Pte. Ltd.

Lionstep Raffles Capital Investment Pte. Ltd.

AV Asia Developments Pte. Ltd.

F.Canning Pte. Ltd.

Locanis Technologies Pte. Ltd.

Eurasian Partners Consulting Pte. Ltd.

Social Ventures Projects Pte. Ltd.
(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
No
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)
The Company will make arrangements for Mr Ang to attend the training in the roles and responsibilities of a director for a listed issuer as prescribed by the Exchange within one year from the date of his appointment to the Board.