Change - Announcement of Appointment::Re-designation of Non-Executive Chairman to Executive Chairman

Issuer & Securities

Issuer/ Manager
DUTY FREE INTERNATIONAL LIMITED
Securities
DUTY FREE INTERNATIONALLIMITED - SG2C70966271 - 5SO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
14-Jul-2026 17:19:38
Status
New
Announcement Sub Title
Re-designation of Non-Executive Chairman to Executive Chairman
Announcement Reference
SG260714OTHRY68U
Submitted By (Co./ Ind. Name)
Datuk Lee Kok Khee
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Re-designation of Dato' Sri Adam Sani bin Abdullah from Non-Executive Chairman to Executive Chairman of the Company.

Additional Details

Date of appointment
15/07/2026
Name of person
Dato' Sri Adam Sani bin Abdullah
Age
70
Country of principal residence
Malaysia
Date of last re-appointment (if applicable)
26/06/2024
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nominating Committee and the Board of Directors (the "Board") of the Company have reviewed the redesignation of Dato' Sri Adam Sani bin Abdullah ("Dato' Sri Adam") from Non-Executive Chairman to Executive Chairman of the Company, in view of the Company's current business needs and strategic priorities.

In his expanded executive role, Dato' Sri Adam will take a more active role in providing strategic leadership, overseeing the execution of the Company's business strategies, supporting management in operational matters, and driving the Group's growth initiatives.

The Board considered his extensive knowledge of the Group's business, industry experience, leadership capabilities, and continued ability to contribute effectively to the Company's long-term objectives.
Whether appointment is executive, and if so, the area of responsibility
Executive.

Dato' Sri Adam is responsible for overall strategic leadership to the Group, oversee the execution of the Group's business strategies, work closely with the executive management team on operational and business matters, support business development initiatives, and oversee the Group's key strategic projects and growth plans.
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Professional qualifications
Secondary Education, United Kingdom
Working experience and occupation(s) during the past 10 years
Dato' Sri Adam Sani is a self-made entrepreneur for more than 46 years. In 2000, he acquired a controlling stake in Atlan Holdings Bhd ("Atlan"), and was subsequently appointed as chairman and non-executive director of Atlan in June 2000 and subsequently re-designated as Executive Chairman on 14 January 2022. Atlan is listed on Bursa Malaysia and its subsidiaries are involved in a wide array of businesses in duty-free trading and retailing, property development, investment and hospitality as well as manufacturing of automotive component parts.
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
Deemed interest in 905,028,113 shares and 301,676,037 unissued Warrants pursuant to the Warrants Issue in the Company held by Atlan Holdings Bhd through Chesterfield Trust Company Limited as Trustees of the Lim Family Trust by virtue of himself as the settlor, initial protector and a primary beneficiary of the Lim Family Trust.
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
Father of Sebastian Paul Lim Chin Foo, Non-Independent Non-Executive Director
Conflict of interest (including any competing business)
Nil
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)
Nil
Present
1. Atlan Holdings Bhd
2. Distinct Continent Sdn. Bhd.
3. United Industries Holdings Sdn. Bhd.
4. Yayasan Harmoni (Charity Foundation)
5. Alpretz Capital Sdn. Bhd.
6. Seven Wonders of The World Sdn. Bhd.
7. Jaringan Bina Sdn. Bhd.
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?
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?
Yes
If yes, please provide details of prior experience.
Dato' Sri Adam is currently a director of Duty Free International Limited.