Newsroom

Change - Announcement Of Appointment Of Chief Financial Officer

Announcement Title	Change - Announcement of Appointment
Date & Time of Broadcast	Sep 17, 2024 22:36
Status	New
Announcement Sub Title	Appointment of Chief Financial Officer
Announcement Reference	SG240917OTHRWC6B
Submitted By (Co./ Ind. Name)	Yeo Hui Leng
Designation	Company Secretary and Group General Counsel
Effective Date and Time of the event	17/09/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)	Appointment of Chief Financial Officer
Additional Details
Date Of Appointment	15/10/2024
Name Of Person	Yip Bao Chung
Age	47
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 Yip Bao Chung (Mr Yip) is currenly serving as a Group Treasurer & General Manager of the Company and its subsidiaries / related companies (Group). In line with the Company s strategic leadership development and succession planning and Mr Yip's 15 years of experience and achievements of key performance indicators and consistent delivery of results with the Group, the Nominating Committee assessed his qualifications, capabilities and working experience and recommended Mr Yip's promotion from Group Treasurer & General Manager to Chief Financial Officer of the Company and the Group. The Board, having considered the recommendation of the Nominating Committee, is of the view that Mr Yip has the requisite experience and capabilities to assume the duties and responsibilities of a Chief Financial Officer. Accordingly, the Board approved the promotion of Mr Yip Bao Chung as the Chief Financial Officer of the Company and the Group.
Whether appointment is executive, and if so, the area of responsibility	Executive. Mr Yip is responsible for all matters relating to the financial management of the Company and the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Chief Financial Officer
Professional qualifications	2024: Specialist Diploma in Data Science (Vision and Language Analytics), Singapore Polytechnic 2020: Fellow of CPA Australia (FCPA); Specialist Diploma in Data Science (Artificial Intelligence), Singapore Polytechnic 2013: Post-graduate Diploma in Business Administration, Manchester Business School, UK 2002: Certified Internal Auditor (CIA), Institute of Internal Auditors (IIA) 1999: Bachelor of Business (Accounting and Finance), University of Technology Sydney (Dual-major in Accountancy and Finance)
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)	None
Working experience and occupation(s) during the past 10 years	MindChamps Group of Companies: Group Treasurer & General Manager (2022 - present) General Manager (2021 - 2022) Deputy General Manager (2017 - 2020) Business Finance and Operation Director (2012 - 2016)
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	188,445 ordinary shares of the listed issuer
# 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)	MindChamps (Malaysia) Sdn. Bhd.
Present	MindFORCE Academy Pte. Limited MindChamps Academy Pte. Limited BYR Education 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	Not applicable. Mr Yip Bao Chung is not appointed as Director.