Change - Announcement of Appointment::Appointment of Independent Director - Mr. Mohamed Nasser Bin Ismail

Issuer & Securities

Issuer/ Manager
ZICO HOLDINGS INC.
Securities
ZICO HOLDINGS INC. - MYA007968003 - 40W
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
08-Apr-2024 17:16:21
Status
New
Announcement Sub Title
Appointment of Independent Director - Mr. Mohamed Nasser Bin Ismail
Announcement Reference
SG240408OTHRCH4B
Submitted By (Co./ Ind. Name)
Datuk Ng Hock Heng
Designation
Group Chief Executive Officer
Effective Date and Time of the event
08/04/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Mohamed Nasser Bin Ismail as the Company's independent director.

This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (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 Vanessa Ng.
Tel: 6389 3065 Email: vanessa.ng@morganlewis.com

Additional Details

Date Of Appointment
08/04/2024
Name Of Person
Mohamed Nasser Bin Ismail
Age
51
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 appointment of Mr. Mohamed Nasser Bin Ismail ("Mr. Nasser") as an independent director of the Company represents a strategic move aimed at rejuvenating and refreshing the Board, particularly in light of the tenure of the incumbent director since the Company's listing in year 2014 and listing on SGX-ST. The appointment of Mr. Nasser is essential to ensure the continued dynamism and relevance of the Board in a rapidly evolving business landscape.

Mr. Nasser brings to the table a wealth of qualifications and extensive experiences predominantly in the capital equity market that make him well-suited for his roles (kindly refer to working experiences of Mr. Nasser as disclosed in this announcement). His proven track records, combined with his deep industry knowledge will make valuable contributions to the company's governance and strategic decision-making processes. By integrating these new voices into the Board, the Company not only enhance the Board's collective expertise but also reinforce the commitment to upholding the highest standards of corporate governance and driving sustained long-term value for the stakeholders.

The Board of Directors (the "Board"), having considered the recommendations of the Nominating Commitee and performed the assessment of Mr. Nasser qualifications and experience, is of the view that he has the requisite experience and capability to assume the responsibilities as an Independent Director of ZICO Holdings Inc. (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.)
Independent Director
Professional qualifications
LLB Hons Upper Division
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 2014 to October 2023 - Executive Director and Global Head of Equity Capital Market, Singapore Exchange Securities Trading Limited

February 2012 to September 2014 - Senior Vice President of Head Issuer Regulations, Singapore Exchange Securities Trading Limited

December 2023 to current - Senior Advisor, WongPartnership LLP

November 2023 to current - Deputy CEO, HydraX 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?
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)
August 2021 to September 2023 - Director, CapBridge Pte. Ltd.

May 2018 to September 2023 - Director, 1x Exchange Pte. Ltd.
Present
March 2024 to present - Sim Leisure Group Ltd.

October 2023 to present - Director, Raya Advisors Pte. Ltd.

February 2024 to present - Director, Hydrax Pte. Ltd.

November 2023 to present - Director, Surfin Meta Digital Technology Pte. Ltd.

January 2024 to present - Director, SG HER Empowerment Limited

January 2018 to present - Board Member, Madrasah Alsagoff Al-Arabiah

December 2023 to present - Senior Advisor, WongPartnership LLP

October 2021 to present - Director, Action Community for Entrepreneurship (ACE) Ltd.
April 2018 to present - Director, Enterprise SG
(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
Independent Non-Executive Director of Sim Leisure Group Limited from March 2024.