Change - Announcement of Appointment::Appointment of Ms Dian Stefani Sugialam as Chief Executive Officer

Issuer & Securities

Issuer/ Manager
POLARIS LTD.
Securities
POLARIS LTD. - SG1L96897898 - 5BI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-Aug-2024 17:25:42
Status
New
Announcement Sub Title
Appointment of Ms Dian Stefani Sugialam as Chief Executive Officer
Announcement Reference
SG240815OTHRZKEW
Submitted By (Co./ Ind. Name)
Sugiono Wiyono Sugialam
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms Dian Stefani Sugialam as Chief Executive Officer.

This announcement has been prepared by the Company, and its contents have been reviewed by the Company's Sponsor, Evolve Capital Advisory Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). It has not been examined or approved by 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 Mr. Jerry Chua (Telephone Number +65 6241 6626), Registered Professional, Evolve Capital Advisory Private Limited, 138 Robinson Road, Oxley Tower, #13-02, Singapore 068906.

Additional Details

Date Of Appointment
15/08/2024
Name Of Person
Dian Stefani Sugialam
Age
34
Country Of Principal Residence
Indonesia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors ("Board" or "Directors"), having considered the recommendation of the Nominating Committee and assessment of Ms Dian Stefani Sugialam ("Ms Dian")'s qualifications and working experience and work performance as the Co-Head of Operations of the Group since May 2020, is of the view that she has the requisite experience and capability to assume the responsibilities as Chief Executive Officer ("CEO") of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive.

Upon appointment as CEO, Ms Dian reports directly to the Board of the Company and will hold executive and management responsibilities and duties in relation to the operations of the Company and the Group. She is also responsible for setting the strategic direction of the Group together with the Board and steering the business of the Group for future growth and expansion.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Professional qualifications
Bachelor of Science in Civil Engineering from the University of Washington

Bachelor of Arts in Mathematics from University of Washington (graduated Magna Cum Laude)

Associate Degree from North Seattle Community College
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
Ms Dian is the daughter of Mr Sugiono Wiyono Sugialam, the Executive Director of the Company.
Conflict of interests (including any competing business)
No.

However, Ms Dian is the sole shareholder and director of Kaffeine Inc Pte Ltd, which is engaged in the business of managing retail and trading of footwear and apparel products. As at the date of this announcement, the Company does not have an active footwear and apparel business.
Working experience and occupation(s) during the past 10 years
March 2022 till Current
PT Mastro Luxe Indonesia - Director

September 2017 till Current
Kaffeine Inc Pte Ltd - Director

November 2019 to March 2023
Mastro Luxe Pte. Ltd. - Director

June 2015 to August 2017
PT Orion Kreatif Elektronik - Director

September 2014 to June 2015
PT Oke Shop - Product Manager

January 2014 to September 2014
PT Bank Tabungan Pensiunan Nasional Tbk - Analyst
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)
ABC SG Pte. Ltd.
ISIP Pte Ltd
Marque Luxury America LLC
Mastro Luxe Pte. Ltd.
Present
Escomindo Pte. Ltd.
Kaffeine Inc Pte. Ltd.
Mastro Luxe Korea Co Ltd
Mastro Luxe Philippines Inc (formerly known as Connetic-Enterprises Inc)
Mega Best Pte. Ltd.
PT Mastro Luxe Indonesia
PT Niaga Omni Ventura Indonesia
PT Orion Kreatif Elektronik
PT Polaris Digimedia
PT Polaris Noble
PT Polaris Orbit Indonesia
Sweetroam Limited
Sweetroam Pte. Ltd.
UnoKairos 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?
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
Not applicable. Ms Dian is not appointed as a Director of the Company.