| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jul 5, 2024 12:39 |
| Status | New |
| Announcement Sub Title | Appointment of a Corporate Strategy Director - Ms Li Lihui |
| Announcement Reference | SG240705OTHRRZGK |
| Submitted By (Co./ Ind. Name) | Huang Ban Chin |
| Designation | Executive Director and Chief Operating Officer |
| Description (Please provide a detailed description of the event in the box below) | Appointment of a Corporate Strategy Director who is a relative of Director, CEO or Substantial Shareholder. |
| Additional Details | |
| Date Of Appointment | 01/07/2024 |
| Name Of Person | Li Lihui |
| Age | 42 |
| 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 Board of Directors, having reviewed and considered the qualifications, experience and suitability of Ms Li Lihui, is satisfied that Ms Li Lihui possesses the requisite experience and capabilities to assume the role of Corporate Strategy Director, approved the appointment of Ms Li Lihui as Corporate Strategy Director of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Appointment is Executive. Areas of responsibility include: (1) Corporate development strategy in alignment with business objectives; (2) Conducting market analysis, and advising management on growth opportunities and risks; and (3) Responsible for fostering a collaborative culture, driving innovation, and managing stakeholder relationships, including external advisors. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Corporate Strategy Director Currently also alternate director to Dr. Dora Hoan Beng Mui (Founder, Co-Chairman, Group CEO/Managing Director) |
| Professional qualifications | June 2005 - Graduated from the National University of Singapore with a bachelor's degree in laws January 2009 - Holds a master's degree in applied science from the Singapore Management University. May 2006 - Admitted as a solicitor of the Supreme Court of Singapore. December 2015 - A certified health coach under the Institute of Integrative Nutrition in the United States. |
| 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 Li Lihui is the daughter of Dr. Dora Hoan Beng Mui (Founder, Co-Chairman, Group CEO/Managing Director) |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Director, Pedal Pulses Limited (2020 - current); Director, The Dark Gallery Pte Ltd (2013 - current); Director, Thirtythree Private Limited (2008 - current); Legal Associate, Shooklin & Bok Singapore (2006 - 2009) |
| 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? | Yes |
| Shareholding Details | 250,000 shares |
| # 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) | Not applicable |
| Present | Not applicable |
| (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? | Yes |
| If Yes, Please provide details of prior experience | As an Alternate Director (to Dr. Dora Hoan) of Best World International Limited |
| 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 |