Change - Announcement of Appointment::Appointment of Executive Chairman and Group Chief Executive Officer

Issuer & Securities

Issuer/ Manager
TRICKLESTAR LIMITED
Securities
TRICKLESTAR LIMITED - SGXE45760753 - CYW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
11-Jun-2026 07:44:12
Status
New
Announcement Sub Title
Appointment of Executive Chairman and Group Chief Executive Officer
Announcement Reference
SG260611OTHRRXF8
Submitted By (Co./ Ind. Name)
Ling Hee Keat
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Executive Chairman and Group Chief Executive Officer

This announcement has been reviewed by the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").

It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "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 Mr. Shervyn Essex, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Date of appointment
26/06/2026
Name of person
Tan Ong Huat
Age
61
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 appointment of Mr Tan Ong Huat as Executive Chairman and Group Chief Executive Officer was reviewed and recommended by Nominating Committee at the Board's request. He was selected based on his extensive experience in business development and evaluating the investment opportunities. Mr Tan Ong Huat will be the Executive Chairman and Interim Group Chief Executive Officer until the effective cessation date of Mr Jason John Clark as Chief Executive Officer on 7 July 2026. Mr Tan Ong Huat will thereafter be Executive Chairman and Group Chief Executive Officer from 8 July 2026, following the effective cessation date of Mr Jason John Clark as Chief Executive Officer.

The Board has approved his appointment recommended by the Nominating Committee, considering skillset aligns with TrickleStar's strategic direction and complementary strengths to the existing Board composition.
Whether appointment is executive, and if so, the area of responsibility
Executive

To set the Company's strategic direction and oversee its implementation, provide guidance and support to the senior management, develop external partnerships and foster collaboration with external parties, bridge the gap between board oversight and daily operations, and develop strong stakeholder relations.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Group Chief Executive Officer
Professional qualifications
General Certificate of Education Advanced Level
Working experience and occupation(s) during the past 10 years
Nil
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
Direct interest of 45,148,767 shares
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interest (including any competing business)
No
Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer
Yes
Other Principal Commitments* Including Directorships#
* "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance.
# These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8).
Past (for the last 5 years)
June 2020 to February 2025 - SG7 Mart Pte Ltd
Present
Nil
Information Required
Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given.
(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?
Yes
If yes, please provide full details.
Mr Tan Ong Huat had previously been subject to regulatory actions by the Monetary Authority of Singapore ("MAS") and the Singapore Police Force ("SPF")

In January 2017, he was issued a warning letter issued by MAS and SPF for allowing a third party to trade using securities accounts without authorisation, in breach of the Securities and Futures Act.

In February 2016, he was issued a notice of warning by MAS and Accounting and Corporate Regulatory Authority, found to have breached disclosure requirements under the Companies Act and the Securities and Futures Act by failing to make timely notifications of changes in his shareholding interests.

The necessary action has been taken and the matter has been concluded. A composition fine was paid by Mr Tan for the breaches with no further action.
(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?
Yes
If yes, please provide full details.
Please make reference to point (e)
Disclosure applicable to the appointment of director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If yes, please provide details of prior experience.
Mr Tan was Director of SHS Holdings Ltd. (formerly known as See Hup Seng Limited) from January 2006 to February 2012