Change - Announcement of Appointment::Appointment of Director

Issuer & Securities

Issuer/ Manager
ADVANCED SYSTEMS AUTOMATION LIMITED
Securities
ADVANCEDSYSTEMS AUTOMATION - SGXE59672050 - WJ9
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Jun-2025 08:46:28
Status
New
Announcement Sub Title
Appointment of Director
Announcement Reference
SG250616OTHRQ0YH
Submitted By (Co./ Ind. Name)
LING CHUNG YEE, ROY
Designation
NON-EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
The Company wishes to announce the appointment of Mr Kenneth Sng Min Hua ("Mr Sng") as Director of the Company with immediate effect on 12 June 2025.

The appointment of Mr Sng to the present management presents a critical opportunity to bring fresh perspectives, independent oversight, and strategic direction to the Board of Directors of the Company ("Board"). The Company believes that this rejuvenation of the Board will better serve the interests of shareholders, and the new Board will provide the requisite leadership and expertise to steer the Company towards better performance.

This announcement has been reviewed by the sponsor of Advanced Systems Automation Limited, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Goh Mei Xian, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
12/06/2025
Name Of Person
Kenneth Sng Min Hua
Age
49
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 Nominating Committee of the Company ("NC") had reviewed the past working experience and credentials of Mr Sng and recommended his appointment as a Director of the Company.

The Board having considered the recommendation from the NC, approved the appointment of Mr Sng as a Director of the Company, with the exception of Mr Seah Chong Hoe ("Mr Seah") and Dato' Sri Mohd Sopiyan Bin Mohd Rashdi ("Dato' Sopiyan"), who object to Mr Sng's appointment.

Notwithstanding the disapproval of Mr Seah and Dato Sopiyan, Mr Sng was appointed as a Director of the Company with effect from the Board's approval dated 12 June 2025, which approval was by way of a Directors' resolution in writing approved by a majority of the Company's Directors.
Whether appointment is executive, and if so, the area of responsibility
Executive -- Management of Lim Shrimp Organization Limited (BVI), a subsidiary of the Company
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director
Professional qualifications
Accredited Certified Career Practitioner (CCP)
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 Sng has been appointed as CEO of Lim Shrimp Organization Limited (BVI), a subsidiary of the Company, since April 2025.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Apr 2025 to present -- CEO, Lim Shrimp Organization Limited (BVI)
Jan 2025 to Apr 2025 -- Family and wellness sabbatical
Jan 2021 to Dec 2024 -- Senior Consultant, Workforce Singapore
Sep 2018 to Dec 2020 -- Chief Executive and Board Director, SN-Riverwood Pte Ltd
Jan 2008 to Aug 2018 -- Executive Director and CIO, Established Asian Single-Family Office (Hong Kong)
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?
No
# 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
Lim Shrimp Organization Limited (BVI) - CEO
(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
Mr Sng will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the SGX-ST.