Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
A-SMART HOLDINGS LTD.
Securities
A-SMART HOLDINGS LTD. - SG1CF3000008 - BQC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Oct-2024 17:37:13
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG241028OTHR7VP6
Submitted By (Co./ Ind. Name)
Lim Huan Chiang
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Lam Kwong Fai ("Mr Lam") as an Independent Director of the Company with effect from 28 October 2024.

Additional Details

Date Of Appointment
28/10/2024
Name Of Person
Lam Kwong Fai
Age
45
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 of Directors, having considered the recommendation of the Audit Committee and Nominating Committee and assessed Mr Lam's qualifications and experience, approved the appointment of Mr Lam as an Independent Director of the Company, Chairman of the Audit Committee and Nominating Committee and a member of the Remuneration Committee.

The Board considers Mr Lam to be independent for the purpose of Rule 704(8) of the Listing Manual of the SGX-ST.
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

Chairman of the Audit Committee and Nominating Committee and a member of the Remuneration Committee
Professional qualifications
Bachelor of Accountancy, Nanyang Technological University, 2002
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
May 2023 to Present: Head of Business Development ESG Division, Aimpact Capital Pte Ltd
November 2020 to May 2023: Founder and Director, Alder Corporate Services Pte Ltd
July 2019 to May 2020: Chief Executive Officer, Crowe Horwath Capital Pte Ltd
May 2017 to July 2019: Founder and Director, 3 Peaks Capital Private Limited
July 2014 to June 2017: Associate Director, Continuing Sponsorship, PrimePartners Corporate Finance 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)
ACH Investments Pte Ltd
AJJ Medtech Holdings Limited
Alder Corporate Services Pte Ltd
Auspac Management Services Pte Ltd
Cashmallow Singapore Pte Ltd
D'Nonce Technology Bhd
Exa Discoveries Pte. Ltd.
Maxi Solutions Private Limited
Maxi Vault Private Limited
OEL (Holdings) Limited
Sevens Atelier Limited
Symbiot Private Limited
Zenith Distribution LLP
Present
VCPlus Limited
Capital World Limited
China Kunda Technology Holdings Limited
Katrina Group Ltd.
SDAI Limited (formerly known as Kitchen Culture Holdings Ltd.)
Soon Lian Holdings Limited
3 Peaks Capital Private Limited (dormant)
(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
Yes
If Yes, Please provide full details
Mr Lam Kwong Fai is an independent director of Katrina Group Ltd. since 4 May 2022. On 22 June 2022 and 25 June 2022, Katrina Group Ltd. announced that the Chief Executive Officer and 2 employees of ST Hospitality Pte. Ltd. received a notice to assist with an investigation being conducted by the Urban Redevelopment Authority (URA) into possible breaches of the minimum stay requirement in respect of the provision of short-term accommodation provided by ST Hospitality Pte. Ltd. and/or its subsidiaries. As at the date of this announcement, the investigations are still on-going.
(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
Mr Lam Kwong Fai is an existing Independent Director of Capital World Limited, China Kunda Technology Holdings Limited, Katrina Group Ltd., SDAI Limited, Soon Lian Holdings Limited and VCPlus Limited.
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)
N.A.