Change - Announcement of Appointment::Appointment of Non-Executive Director - Mr Kuniyuki Shudo

Issuer & Securities

Issuer/ Manager
AMOVA ASSET MANAGEMENT ASIA LIMITED
Securities
AMOVA-STC ASIA_XJ REIT ETF - SG1DE9000003 - CFA
AMOVA-STC ASIA_XJ REIT ETF - SG1DE9000003 - COI
AMOVA SGD IG CORP BOND ETF - SGXC70121915 - MBH
AMOVA-ICBCSG CN BD ETF RMB - SGXC29409643 - ZHY
AMOVA-ICBCSG CN BD ETF RMB - SGXC29409643 - ZHD
AMOVA-ICBCSG CN BD ETF SGD - SGXC30096447 - ZHS
AMOVA SINGAPORE STI ETF S$D - SG1X52941694 - G3B
ABF SPORE BOND INDEX FUND ETF - SG1S08926457 - A35
AMOVA SINGAPORE STI ETF S$A - SGXPU03C7780 - GAB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
06-Oct-2025 17:28:01
Status
New
Announcement Sub Title
Appointment of Non-Executive Director - Mr Kuniyuki Shudo
Announcement Reference
SG251006OTHRQJIL
Submitted By (Co./ Ind. Name)
Wong Yoong Yoong
Designation
Authorised User
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Kuniyuki Shudo as a Non-Executive Director.

Additional Details

Date Of Appointment
06/10/2025
Name Of Person
Kuniyuki Shudo
Age
65
Country Of Principal Residence
Japan
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Amova Asset Management Asia Limited (the "Manager"), the manager of the ABF Singapore Bond Index Fund, Amova SGD Investment Grade Corporate Bond Index ETF, Amova Singapore STI ETF, Amova-ICBCSG China Bond Index ETF, and Amova-StraitsTrading Asia ex-Japan REIT Index ETF, has considered Mr Kuniyuki Shudo's qualifications and experience and has appointed him as a director of the Manager.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director
Professional qualifications
Kuniyuki Shudo holds Master of Laws from University of Pennsylvania in the United States and Bachelor of Laws from Hitotsubashi University in Japan.
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
Kuniyuki Shudo was appointed Executive Chairman of Nikko Asset Management (currently Amova Asset Management) effective April 2025.

Prior to joining the firm, Kuniyuki Shudo built an extensive career in global business at The Sumitomo Trust and Banking Co., Ltd. (currently Sumitomo Mitsui Trust Bank, Ltd.) and Sumitomo Mitsui Trust Holdings Inc. (currently Sumitomo Mitsui Trust Group, Inc.) since joining the former in 1984.

He has over 30 years of experience in the global banking as well as asset management and services business, giving him outstanding knowledge of global management standards. He has served as President and Chairman of the Board of Sumitomo Trust and Banking Co. (U.S.A.) (currently Sumitomo Mitsui Trust Bank (U.S.A.)), and later General Manager of Global Business Planning and Coordination Department at the global head office in Tokyo. He then became Executive Officer responsible for the Bank's overall business in the U.S. in the capacity of Regional Executive for the Americas and General Manager of New York Branch. Kuniyuki Shudo then went on to become Managing Executive Officer of Sumitomo Mitsui Trust Bank, Limited and had overall responsibility for the Bank's global business activities. He also held global business management positions at the Sumitomo Mitsui Trust Group as Executive Officer of Sumitomo Mitsui Trust Holdings, Inc. In June 2019, he became a member of the Board of Directors of Sumitomo Mitsui Trust Holdings, Inc. and a member of its Audit Committee. He provides insight into supervising the status of business execution from a fair and objective standpoint.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Sumitomo Mitsui Trust Group, Inc
Present
Amova Asset Management Co., Ltd
Amova Asset Management UK Limited
Amova Asset Management Americas, Inc.
Amova Asset Management New Zealand Limited
Amova Asset Management Hong Kong 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
Disclosure applicable to the appointment of Director only.
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
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)
Not applicable