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Change - Announcement Of Appointment Of Independent Non-Executive Director
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Nov 8, 2024 21:43 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Non-Executive Director |
| Announcement Reference | SG241108OTHR6E4I |
| Submitted By (Co./ Ind. Name) | Chan Iz-Lynn |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Ong Tze Guan as an Independent Non-Executive Director, member of the Audit and Risk Committee, and member of the Nominating and Remuneration Committee. |
| Additional Details | |
| Date Of Appointment | 11/11/2024 |
| Name Of Person | Ong Tze Guan |
| Age | 58 |
| 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) | Mr. Ong is a director at Emplify Capital Partners Pte Ltd, specializing in venture capital and private equity investments in health sciences, sustainability, digital innovation, and artificial intelligence. He previously held leadership roles at Fresh Chilli Pte Ltd (early-stage startup investments), Maxburgh Holdings Pte Ltd (asset management), and Second Dragon Development Pte Ltd (property development). He was also an executive director at Ong&Ong Group from 1992 to 2020. In 2020, Mr. Ong co-founded H2MO Technology Pte Ltd, which focuses on research and development (R&D) and commercialization of water treatment technologies. He also served as CEO of Nugran Biotech Pte Ltd and Glowtec Bio Pte Ltd, focusing on environmental engineering and investments in water treatment infrastructure. His extensive experience in China, including the Singapore-Suzhou Industrial Park, and his role as Chairman of the Singapore Chamber of Commerce and Industry in China, underpin his understanding of regulatory environments in China. The Board believes Mr. Ong s expertise in sustainability, water management, and China market will provide valuable guidance to BHG Retail REIT in exploring green initiatives. The Board having considered his experience and expertise, and the recommendations of the NRC, has approved his appointment, and considers him to be independent under Rule 704(8) of the SGX Listing Manual. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Audit and Risk Committee (Member), Nominating and Remuneration Committee (Member) |
| Professional qualifications | Bachelor of Science, Civil and Structural Engineering, National University of Singapore |
| 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 | N/A |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | September 2023 to Present Emplify Capital Partners Pte Ltd Director January 2020 to September 2024 H2MO Technology Pte Ltd CEO January 2020 to August 2023 Nugran Biotech Pte Ltd CEO January 2015 to January 2019 Ong & Ong Group Pte Ltd Executive Director January 2011 to September 2024 Nanyang International Education (Holdings) Ltd Director October 2004 to September 2024 Glowtec Bio Pte Ltd CEO September 2004 to September 2024 Glowtec Environmental Corporation Pte Ltd CEO January 1997 to September 2019 Ong & Ong Pte Ltd Executive Director May 1996 to September 2024 Maxburgh Holdings Pte Ltd CEO |
| 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) | Maxburgh Global Ventures Strawboard Generation Pte Ltd Ong Foundation Nanyang International Education (Holdings) Limited |
| Present | Maxburgh Global Ventures Pte Ltd Maxburgh Investment Pte Ltd Emplify Capital Partners Pte Ltd H2MO Pte Ltd H2MO Technology Pte Ltd Nugran Biotech Pte Ltd Gran+ Holdings Pte Ltd Esthetic Associates Pte Ltd DGV Pte Ltd Dermestetique Pte Ltd IDRO Technology Pte Ltd Glowtec Singapore Pte Ltd Vinatien Capital Pte Ltd Glowtec Bio Pte Ltd Glowtec Environmental Corporation Pte Ltd Nanyang Girls High School Ltd Nanburgh Holdings Pte Ltd Maxburgh Holdings Pte Ltd Wang Investment Pte Ltd O&O Capital Pte Ltd |
| (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 | Mr Ong will be attending the required training as prescribed by the Exchange |