Change - Announcement of Appointment::Re-designation of Executive Chairman and Chief Executive Officer - Low Koon Poh

Issuer & Securities

Issuer/ Manager
IEV HOLDINGS LIMITED
Securities
IEV HOLDINGS LIMITED - SG2D67974808 - 5TN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Nov-2020 19:22:02
Status
New
Announcement Sub Title
Re-designation of Executive Chairman and Chief Executive Officer - Low Koon Poh
Announcement Reference
SG201126OTHRA5ZA
Submitted By (Co./ Ind. Name)
Christopher Nghia Do
Designation
President and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Re-designation of Low Koon Poh as Executive Chairman and Chief Executive Officer

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("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 or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Ms Charmian Lim, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone: (65) 6232 3210.

Additional Details

Date Of Appointment
01/12/2020
Name Of Person
Low Koon Poh
Age
48
Country Of Principal Residence
Malaysia
Date of last re-appointment (if applicable)
24/06/2020
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Dato' Low Koon Poh ("Dato' Low") is currently Executive Director of the Company responsible for overseeing the healthcare and wellness sector of the Company. He was appointed to the Board on 1 June 2019.

Subsequent to the completion of the disposal of IEV Group Sdn. Bhd. and its wholly-owned subsidiaries and associated company as announced by the Company on 25 November 2020, the Group will primarily operate in the healthcare and wellness sector.

The Board of Directors (the "Board") having considered the qualification and working experience of Dato' Low, is of the view that Dato' Low possesses the requisite experience and capabilities to assume the duties and responsibilities as Chairman of the Board and Chief Executive Officer of the Company. Accordingly, the Board accepted the Nominating Committee's recommendation and approved the appointment of Dato' Low as Executive Chairman and Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Dato' Low leads the Board and assume the roles and responsibilities as Chairman of the Company. As CEO of the Company, Dato' Low oversees the Group's strategic directions, corporate business expansion, and he is responsible for business development and performance, growth charting and corporate planning of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Chief Executive Officer
Professional qualifications
- ASEAN Chartered Professional Accountant
- Malaysian Institute of Accountants
- Association of Chartered Certified Accountants
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
Dato' Low is a substantial shareholder of the Company.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
KLM Corporate Services (M) Sdn Bhd - Executive Director from January 2010 to March 2019

ACO Management Services Sdn Bhd - Executive Director from January 2017 to March 2019

Glocorp Inc. - Non-Executive Director from May 2017 to current and was Executive Director and CFO from December 2015 to May 2017

Nextglass Technologies Corporation - Director and CFO of June 2015 to April 2018

Mon Space Net Inc. - Non-Executive Director from June 2016 to 6 June 2018 and was CEO and CFO from December 2015 to June 2016.

Medi Lifestyle Limited (f.k.a. IEV Holdings Limited) - Executive Director from 1 June 2019 to current
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
Medi Lifestyle Limited (f.k.a. IEV Holdings Limited)
Direct interest: 50,000,000 ordinary shares representing 10.14% in the Company's issued and paid-up share capital.
# 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)
Directorships
- Advance Business Process Sdn Bhd
- Boutique Equity Sdn Bhd
- Malaysian Business Pages Sdn. Bhd.
- NextGlass Technologies Corporation
- Mon Space Net, Inc.
- ACO Management Services Sdn Bhd
- KLM Corporate Services (M) Sdn Bhd
- Round Table Holdings Limited
- Marketify Consulting Sdn. Bhd.
- Marketify Sdn. Bhd.
- Round Table Advisory Pte Ltd (fka Glocorp Technologies Pte Ltd)
- Glocorp Technologies Sdn Bhd
- VG Plus Pte Ltd
- KLM HR Sdn Bhd
- Auspac Cornerstone Asset Management Limited (f.k.a. Janz Asset Management)
- Global Biomarine Limited (Liquidated)
- IPO Partners Limited
- Growe Food Ingredients Sdn. Bhd.
- Asia Biomarine Pte Ltd

Other Principal Commitment
Nil
Present
Directorships
- Healthpro Pte. Ltd. (subsidiary of the Company)
- Healthpro Life Sdn. Bhd. (subsidiary of the Company)
- Fen Communication Sdn. Bhd. (f.k.a, Atlantis Systems Sdn Bhd)
- B LOF (M) Sdn Bhd
- Catalano Seafood Sdn Bhd
- IPEC Bureau Sdn. Bhd.
- Round Table Partners Berhad
- Glocorp Inc.
- Gogoland Sdn. Bhd.
- Greater Asia Agro Sdn. Bhd.
- Greater Asia Project Sdn. Bhd.
- Greater Asia Seafood Sdn. Bhd. (f.k.a. Manjong Bio Ocean Venture Sdn Bhd)
- Greater Asia Hatchery Sdn. Bhd.
- Greater Asia Harvest Sdn. Bhd.
- Aquasky Global Sdn Bhd
- Rakuen Land Sdn Bhd
- Global Biomarine Sdn Bhd
- Pdp Couriers (Malaysia) Sdn. Bhd.
- KL Management Services
- MSNI (HK) Limited
- Subsidiaries of Global Carriers Berhad
- KLM Holdings Sdn Bhd
- Health Pro Sdn Bhd
- Acceleratii Limited

Other Principal Commitment
Nil
(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?
Yes
If Yes, Please provide full details
Dato' Low was appointed as director to the subsidiary companies of Global Carriers Berhad ("Global Carriers") in March 2014. He was brought on board by the founders of Global Carriers with the intention of restructuring the company. However, shortly after his appointment, Global Carriers was served a winding-up petition on 18 April 2014 and a liquidation process commenced. Dato' Low was not involved in the liquidation process nor the operations of Global Carriers and Global Carriers was eventually delisted on 19 December 2014.
(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
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