Change - Announcement of Appointment::APPOINTMENT OF CHIEF OPERATING OFFICER FOR OXPAY SG PTE. LTD.

Issuer & Securities

Issuer/ Manager
OXPAY FINANCIAL LIMITED
Securities
OXPAY FINANCIAL LIMITED - SGXE15822534 - TVV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-May-2025 06:44:45
Status
New
Announcement Sub Title
APPOINTMENT OF CHIEF OPERATING OFFICER FOR OXPAY SG PTE. LTD.
Announcement Reference
SG250513OTHRF7EL
Submitted By (Co./ Ind. Name)
Shawn Ching Wei Hung
Designation
Non-Executive Non-Independent Deputy Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Chin Mun Chung as Chief Operating Officer of OxPay SG Pte. Ltd., a wholly-owned subsidiary of OxPay Financial Limited (the "Company", and together with its subsidiaries, the "Group"), and as an Executive Officer of the Group.

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement 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. Goh Mei Xian, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
12/05/2025
Name Of Person
Chin Mun Chung
Age
52
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 Nominating Committee has recommended the appointment of Mr Chin Mun Chung ("Mr Chin") as Chief Operating Officer of OxPay SG Pte. Ltd., a wholly-owned subsidiary of the Company, and as an Executive Officer of the Group. The board of directors (the "Board"), having considered the Nominating Committee's recommendation and having reviewed and considered the academic and professional qualifications, expertise, work experience and suitability of Mr Chin, believes that Mr Chin's experience would be beneficial to the Group and has approved Mr Chin's appointment as Chief Operating Officer of OxPay SG Pte. Ltd., and as an Executive Officer of the Group.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Chin will be responsible for the overall strategic direction, development and operations of OxPay SG Pte. Ltd..

Mr Chin's appointment as director and chief executive officer of OxPay SG Pte. Ltd. is pending the approval of the Monetary Authority of Singapore.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer of OxPay SG Pte. Ltd.
Professional qualifications
National University of Singapore - Bachelor of Science, (Computer and Information Science)
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
August 2023 - 6 May 2025
Chief Executive Officer, AXS Services of AXS Pte Ltd

2011 - 2023
Assistant Chief Executive Officer and Chief Business Officer of AXS Pte Ltd
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)
None
Present
None
(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. This is not an appointment of a Director.
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. This is not an appointment of a Director.