Change - Announcement of Appointment::Appointment of Independent Director
24 April 2026
| Announcement Title | Change - Announcement of Appointment |
| Date &Time of Broadcast | 24-Apr-2026 18:35:10 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Director |
| Announcement Reference | SG260424OTHRU9F5 |
| Submitted By (Co./ Ind. Name) | Saleela Boontrakulsuk |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Please refer to the information disclosed below. |
| Additional Details | |
| Date Of Appointment | 24/04/2026 |
| Name Of Person | Theodore Tse-Hoang Low |
| 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) |
After reviewing the recommendation of the Nominee Committee and Mr. Theodore Tse-Hoang Low qualifications and experience (as set out below), the Board has approved that he stands for appointment as an Independent Director. Mr. Low will, upon appointment, serve as an Independent Director on the Board of Directors of the Company, Member of the Audit Committee, Nomination Committee and Risk Management Committee, and will also be considered independent for the purposes of Rule 210(5)(c) and 704(8) of the Listing Manual of the SGX-ST. |
| 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 Member of the Audit Committee Member of the Nomination Committee Member of the Risk Management Committee |
| Professional qualifications | MBA: China Europe International Business School in Shanghai, 2009-2011 BSc: NYU Stern School of Business in New York City, 2000-2003 CPA: NY State CPA in New York, 2006 |
| Working experience and occupation(s) during the past 10 years | 2017 to 2025 Senior Director in Corporate Strategy of Nipsea Group/Nippon Paint Corporate Strategy including Strategy & Planning, M&A, JVs, VC Management of global business segments including Business development, Restructuring 2014 to 2016 Vice President of Charoen Pokphand Group Spearheaded the sourcing, analyzing of financial & strategic initiatives across APAC, Identified and evaluated regional investment opportunities, integrating business segment synergies into strategic proposals for Chairman review |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Conflict of interest (including any competing business) | No |
| Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer | Yes |
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Other Principal Commitments* Including Directorships# * "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance. # These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8). Past (for the last 5 years) |
Other Directorships: 2011 to 2014 Director of Thai-pore Enterprise Business development & account management for a leading ASEAN & China focused spirits agent |
| Present | Other Principal Commitments: NYU Shanghai Mentor since 2015-present |
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Information Required Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given. |
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| (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 |
| Disclosure applicable to the appointment of director only. | |
| 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. | SID Course -LED5 Audit Committee Essentials -ASMT Accreditation Examination for Board Directors -LED1 Listed Entity Director Essentials |
| 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. |