Change – Appointment of Lead Independent Director

Name Of Person
Ong Beng Chye

Age
56

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 had considered Mr. Ong Beng Chye's tracked record, age, working experiences, capabilities and other relevant factors for the appointment as Lead Independent Director of the Company and recommended to the Board of Directors (the "Board") for his appointment.

The Board has approved Mr. Ong Beng Chye's appointment as Lead Independent Director.

Whether appointment is executive, and if so, the area of responsibility
Non-Executive

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit Committee and member of Nominating Committee and Remuneration Committee

Professional qualifications
Bachelor of Science with Honours from the City, University of London
Fellow of the Institute of Chartered Accountants in England and Wales
Chartered Financial Analyst
Fellow of the Institute of Singapore Chartered Accountants

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
January 2007 - Present : Director of Appleton Global Private Limited
January 2007 - October 2014 : Group Financial Controller of Higson International 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)
Geo Energy Resources Limited
Hafary Holdings Limited
CapAllianz Holdings Limited
Gem Accounting Pte. Ltd.
Penta Power Investment Pte. Ltd.

Present
Appleton Global Pte. Ltd.
ES Group (Holdings) Limited
Gem Corp Services Pte. Ltd.
LMS Compliance Ltd.
Alpina Holdings Limited
IPS Securex Holdings Limited
Oxley Holdings 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?
Yes

If Yes, Please provide details of prior experience
IPS Securex Holdings Limited
Oxley Holdings Limited
Geo Energy Resources Limited
Hafary Holdings Limited
ES Group (Holdings) Limited
Alpina Holdings Limited
Heatec Jietong Holdings Ltd.
Kitchen Culture Holdings Ltd
LMS Compliance Ltd.
CapAllianz Holdings Limited