This printed article is located at https://jumbogroup.listedcompany.com/news.html
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Feb 18, 2025 22:23 |
| Status | New |
| Announcement Sub Title | APPOINTMENT OF EXECUTIVE CHAIRMAN |
| Announcement Reference | SG250218OTHRY8PZ |
| Submitted By (Co./ Ind. Name) | Tan Yeow Meng, Stanley |
| Designation | Group Senior Financial Controller |
| Effective Date and Time of the event | 18/02/2025 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by Jumbo Group Limited (the "Company") and has been reviewed by the Company's sponsor, United Overseas Bank Limited (the "Sponsor"), for compliance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. This announcement has not been examined or approved by 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 Priscilla Ong, Vice President, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, telephone: +65 6533 9898. |
| Additional Details | |
| Date Of Appointment | 18/02/2025 |
| Name Of Person | Ang Kiam Meng |
| Age | 62 |
| Country Of Principal Residence | Singapore |
| Date of last re-appointment (if applicable) | 31/01/2023 |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Nominating Committee ("NC") has assessed Mr. Ang Kiam Meng's qualifications and experience, and considered the current business operations and needs of the Company and its subsidiaries (the "Group"). Upon the recommendations of the NC, the board of directors ("Board") of the Company is of the view that the appointment of Mr. Ang Kiam Meng as the Executive Chairman of the Board will be beneficial to the Board and to the Group. |
| Whether appointment is executive, and if so, the area of responsibility | Executive As the Executive Chairman of the Board, Mr. Ang Kiam Meng is responsible for leading the Board and his duties include promoting high standards of corporate governance. As the Group Chief Executive Officer ("CEO") of the Company, Mr. Ang Kiam Meng is responsible for the Group's overall management, operations, strategic planning and business development. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Chairman Group CEO |
| Professional qualifications | - Graduate Diploma in Business Administration from the Singapore Institute of Management - Bachelor of Arts (majoring in Computer Science) from the University of Texas at Austin (USA) |
| 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 | Mr. Ang Kiam Meng is the sibling of Mrs. Christina Kong Chwee Huan, an Executive Director and Group COO of the Company. JBO Holdings Pte. Ltd. ("JBO"), a controlling shareholder of the Company, is collectively controlled by Kok Sing Realty (Pte) Ltd ("Kok Sing"), and Mr. Ang Kiam Meng, Mdm. Tan Yong Chuan, Jacqueline, Ms. Nyeo Sai Joo, Mrs. Christina Kong Chwee Huan, Ms. Ang Cheau Hoon, Mr. Ang Kiam Lian, Ms. Wendy Ang Chui Yong, and their close relatives. Kok Sing, which is deemed interested in the shares in the Company held by JBO, is collectively controlled by Mr. Ang Kiam Meng, together with Mr. Ang Hon Nam, Ms. Nyeo Sai Joo, Mrs. Christina Kong Chwee Huan, Ms. Ang Cheau Hoon, Mr. Ang Kim Lian, and Ms. Wendy Ang Chui Yong. |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Mr. Ang Kiam Meng is presently, and has been, an Executive Director and the Group CEO of the Company since February 2015. |
| 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 | Mr. Ang Kiam Meng holds 10,223,863 shares in the Company, representing approximately 1.7% of the total number of shares of the Company. Mr. Ang Kiam Meng is the spouse of Mdm. Tan Yong Chuan, Jacqueline, and is therefore deemed to be interested in the 3,006,352 shares in the Company held by Mdm. Tan Yong Chuan, Jacqueline, representing approximately 0.5% of the total number of shares of the Company. |
| # 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) | Nil |
| Present | 1. Vista F&B Services Pte Ltd 2. Kok Sing Realty (Pte) Ltd 3. JBO Holdings Pte. Ltd. 4. Kimvest Holdings Pte Ltd 5. Chinese Development Assistance Council 6. Singapore Chinese Chamber of Commerce & Industry 7. Restaurant Association of Singapore 8. Nam Hwa Opera 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 | Mr. Ang Kiam Meng is currently an Executive Director and the Group CEO of the Company. |
| 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) | NA |