Change - Announcement of Appointment::Appointment of Chairman of the Board of Directors and Independent Director - Lee Chong Yang
Issuer & Securities
Issuer/ ManagerAA GROUP HOLDINGS LTD.
SecuritiesAA GROUP HOLDINGS LTD. - SG1S12926576 - 5GZ
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast23-Feb-2018 18:53:23
StatusNew
Announcement Sub TitleAppointment of Chairman of the Board of Directors and Independent Director - Lee Chong Yang
Announcement ReferenceSG180223OTHRXRUH
Submitted By (Co./ Ind. Name)Yau Woon Foong
DesignationExecutive Director
Description (Please provide a detailed description of the event in the box below)This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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 Mr Bernard Lui, Telephone: +65 6389 3000, Email: bernard.lui@morganlewis.com.
Additional Details
Date Of Appointment23/02/2018
Name Of PersonLee Chong Yang
Age39
Country Of Principal ResidenceSingapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)The Board having considered the recommendation of the Nominating Committee and assessed Mr Lee Chong Yang's qualifications and experience, is satisfied that Mr Lee Chong Yang has the requisite experience and capabilities to assume the duties and responsibilities as the Independent Director and Chairman of the Board.
Whether appointment is executive, and if so, the area of responsibilityNon-Executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Chairman of the Board of Directors and Independent Director.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNo
Conflict of interests (including any competing business)No
Working experience and occupation(s) during the past 10 yearsOctober 2014 - Present
Co-Founder and Head of Regional Business Development
MoovPay Global Pte Ltd

January 2015 - 2 February 2018
Co-Founder
ICH Gemini (Fund Manager - VP Investments)

January 2014 - December 2014
Private Banker - Director
Standard Chartered Private Bank

August 2007 - December 2013
Private Banker - Associate Director
UBS AG Singapore
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 DetailsAA Group Holdings Ltd.
- 42,697,753 shares
- 1,000,000 shares (deemed interest in shares held by wife)
# 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)- Tardis Capital (Singapore) Pte Ltd
- Eight Devonshire Management Pte Ltd
Present- MoovPay Partners Pte Ltd
- 88 Lucky Ventures Pte Ltd
- MacroCap Asia Capital Ltd
- Partners Alliance Capital Pte Ltd
- QLD Investment Pte Ltd
- QLW Investment Pte Ltd
- Mondial Developments Pte Ltd
- Vantage Choice Pte Ltd
- Vantage Choice 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; orNo
(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; orNo
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; orNo
(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 a listed company?No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed companyThe Company will arrange for Mr Lee to attend relevant training organised by the Singapore Institute of Directors to familiarise himself with the roles and responsibilities as a director of a listed company.