Change - Announcement of Appointment::Appointment of Independent Director - Ms. Shweta Nandy

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 17:16:33
Status
New
Announcement Sub Title
Appointment of Independent Director - Ms. Shweta Nandy
Announcement Reference
SG240408OTHRW1ND
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 Ms. Shweta Nandy as the Company's non-independent non-executive 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
Shweta Nandy
Age
29
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The appointment of the Ms. Shweta Nandy ("Ms. Shweta") as Non-Independent Non-Executive Director of the Company represents a strategic move aimed at rejuvenating and refreshing the Board.

The appointment of a female director, alongside the Company's efforts to include individuals from different races and ethnicities, is a significant step toward making the Company's leadership team more diverse. It demonstrates the Company's commitment to having a Board that reflects the varied backgrounds and perspectives of the Company stakeholders, and enhance decision-making processes, reduce risks, and foster a more inclusive corporate culture. This move reaffirms the company's support for equality and opportunity, showcasing its dedication to building a modern, forward-thinking organization that values and celebrates the richness of human diversity. Ms. Shweta's legal expertise further enhances her qualifications for the role of Non-Independent Non-Executive Director and contributing to the diverse skill set within the leadership team.

The Board of the Company, having considered the recommendations of the Nominating Committee and performed the assessment of Ms. Shweta qualifications, is of the view that she has requisite experience and capability to assume the responsibility as the non-independent non-executive director of 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.)
Non-Independent Non-Executive Director
Professional qualifications
Degree of Bachelor of Laws with Honours in Law with Criminology
Bar Admission - United Kingdom
Master of Science (MSc) in Islamic Finance
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
Spouse of the managing director of ZICO Trust (M) Berhad (an associate company of the Group)
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
January 2024 to Current - Associate, Messrs. George Varughese

August 2023 to current - Legal advisor, ZICO Trust (M) Berhad

March 2020 to current - Director, Manor Capital Sdn Bhd

January 2020 to December 2023 - Managing Partner, Messrs. George Varughese

July 2019 to December 2019 - Legal Executive, Limra Assets Sdn Bhd
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)
November 2021 to August 2022 - Director, Platinum Trustee Berhad (now known as ZICO Trust (M) Berhad)
Present
January 2024 to Current - Associate, Messrs. George Varughese

August 2023 to current - Legal advisor, ZICO Trust (M) Berhad

March 2020 to current - Director, Manor Capital Sdn Bhd
(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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Pursuant to Rule 406(3)(a) of the Catalist Rules, the Company will arrange for Ms. Shweta to attend the relevant training on the roles and responsibilities of a director of a listed issuer in Singapore prescribed by the Exchange under Practice Note 4D of the Catalist Rules within one year from the date of her appointment to the Board.