Change - Announcement of Appointment::Redesignation of Executive Director to Managing Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
KOYO INTERNATIONAL LIMITED
Securities
KOYO INTERNATIONAL LIMITED - SG1X69942156 - 5OC
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
19-Nov-2021 22:45:32
Status
New
Announcement Sub Title
Redesignation of Executive Director to Managing Director and Chief Executive Officer
Announcement Reference
SG211119OTHR2KNJ
Submitted By (Co./ Ind. Name)
Shirley Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. ("Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited ("Exchange") and the Exchange 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. Lim Hui Ling, 16 Collyer Quay, #10-00 Income at Raffles Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Date Of Appointment
19/11/2021
Name Of Person
Foo Suay Wei
Age
37
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 of the Company has reveiwed the experience and contribution of Mr. Foo Suay Wei, having considered the recommendation of the Nominating Committee, is of the view that the redesignation of Mr. Foo Suay Wei as the Managing Director and Chief Executive Officer of the Company and appointment as a member of the Nominating Committee is appropriate.

Mr Foo Suay Wei has been covering Mr Foo Chek Heng during his leave of absence since 24 January 2020. Following the late Mr. Foo Chek Heng's demise and as a part of the Board's succession planning efforts, Mr. Foo Suay Wei will be assuming Mr. Foo Chek Heng's duties and responsibilities.
Whether appointment is executive, and if so, the area of responsibility
Executive. Oversees the operations of the Group and contributes to its business development and strategic plans.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director and Chief Executive Officer and a member of the Nominating Committee.
Professional qualifications
Member of the Institute of Singapore Chartered Accountants, a fellow of the Association of Chartered Certified Accountants.

A member of the Chartered Alternative Investment Analyst, and the Chartered Financial Analyst Institute.

Bachelor of Engineering degree from the National University of Singapore.

Master of Business Administration degree from the University of Cambridge.
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
Son of the late Mr Foo Chek Heng, Managing Director and a substantial shareholder of Koyo International Limited.
Brother of Mr Foo Suay Lun, Executive Director and a substantial shareholder of Koyo International Limited.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Mr Foo Suay Wei joined the Company in August 2013 as Strategy and Business Development Manager and was promoted to Senior Manager in March 2014. He was previously an Assistant Director at the Monetary Authority of Singapore from 2009 to 2012.

Mr. Foo Suay Wei was appointed as Executive Director of the Company on 26 December 2014.

Mr. Foo Suay Wei was appointed as Managing Director of Koyo Engineering on 28 October 2016.
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
Managing Director of Koyo Engineering (S.E. Asia) Pte Ltd
Executive Director of Koyo International Limited
(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
Mr. Foo Suay Wei is an Executive Director of Koyo International Limited since 26 December 2014.