Change - Announcement of Appointment::Appointment of Tan Soon Liang as an Independent Non-Executive Director of the Company

Issuer & Securities

Issuer/ Manager
VALUEMAX GROUP LIMITED
Securities
VALUEMAX GROUP LIMITED - SG2G29997704 - T6I
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Dec-2021 17:32:50
Status
New
Announcement Sub Title
Appointment of Tan Soon Liang as an Independent Non-Executive Director of the Company
Announcement Reference
SG211230OTHRIBHL
Submitted By (Co./ Ind. Name)
Lotus Isabella Lim Mei Hua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Tan Soon Liang as an Independent Non-Executive Director of the Company

Additional Details

Date Of Appointment
01/01/2022
Name Of Person
Tan Soon Liang
Age
48
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors ( the "Board") have reviewed the qualifications and experience of Mr. Tan Soon Liang and following the recommendation of the Nominating Committee, is of the view that based on Mr. Tan's qualifications and working experience, he will be able to contribute positively to the Company. The Board therefore approved the appointment of Mr Tan Soon Liang as an Independent 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.)
Independent Non-Executive Director of the Company, Chairman of the Nominating Committee and Member of the Audit and Remuneration Committees.
Professional qualifications
CFA Charterholder - CFA Institute (United States of America)
Master of Business Administration Degree - University of Hull (United Kingdom)
Bachelor of Business (Honours) Degree - Nanyang Technological University (Singapore)
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 2009 to Present Managing Director of Ti Ventures Pte Ltd
December 2014 to Present Managing Director of Omnibridge Capital Pte Ltd
June 2010 to June 2015 Managing Director of Ti Investment Holdings 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
150,000 shares in the capital of ValueMax Group Limited
# 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)

1. Allin International Holdings Pte Ltd
2. MG Investors Pte Ltd
3. Epika Pte Ltd
4. Wong Fong Industries Limited
5. The Learning Fort Pte Ltd
6. Omnibridge Investment Partners Ltd

Present

Public Listed Companies

1. ISDN Holdings Limited
2. Clearbridge Health Limited
3. Choo Chiang Holdings Limited
4. GDS Global Limited
5. Colex Holdings Limited

Private Companies

1. Ti Ventures Pte Ltd
2. Ti Investment Holdings Pte Ltd
3. Omnibridge Investments Ltd
4. Omnibridge Capital Ltd
5. Omnibridge Capital Pte Ltd
6. ACH Investors Pte Ltd
7. Omnibridge Investments Pte Ltd
8. Omnibridge Investment Partners Pte Ltd
9. Allin Holdings 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?
Yes
If Yes, Please provide full details
Mr Tan was a non-executive director of T10 Lifestyle Concepts Pte Ltd ("T10") from April 2011 to November 2015, a company incorporated in Singapore. He was a non-executive nominee director on the board of directors of T10, representing the interests of Ti Investment Holdings Pte. Ltd., which had a 60.0% shareholding in T10. During the period of his directorship in T10, he was not involved in the daily business operations nor financial management of T10. On 12 November 2015, T10 was dissolved pursuant to a compulsory winding up application.
(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
Mr Tan is currently an Independent Director of the following listed companies:
1. ISDN Holdings Limited
2. Clearbridge Health Limited
3. Choo Chiang Holdings Limited
4. GDS Global Limited
5. Colex Holdings 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)
NA