Mr. Sim Guan Seng, Age 65 Independent Director Date of first appointment as a Director: 20 April 2024 Date of last re-election as a Director: Not applicable Length of service as a Director: 0 years and 10 months Country of principal residence: Singapore Board’s comments on the appointment The re-election of Mr Sim Guan Seng as Independent Director was recommended by the Nominating Committee and approved by the Board, after taking into consideration Mr Sim Guan Seng’s contributions, performance, expertise and past experiences. Board committee memberships Chairman of Audit Committee Member of Nominating Committee Member of Remuneration Committee Academic and professional qualifications Bachelor of Accountancy (Honours) from National University of Singapore Fellow Chartered and Certified Accountant (FCCA) of Institute of Singapore Chartered Accountants Working experience and occupation for the last 10 years and principal commitments Working experience and occupation during the last 10 years Present Managing Director of Cohen Assurance PAC (2022 to present) Past Partner of Baker Tilly TFW LLP (2004 to 2022) Principal Commitments (other than directorships) Present Managing Director of Cohen Assurance PAC Honorary Consul of The Republic of Botswana Finance Board Chairman and member of Standing Committee of Diocese of Singapore Past Nil Directorships (Present and Past 5 years) Present other than Megachem Limited Listed Darco Water Technologies Limited Sitra Holdings (International) Limited Non-listed Cohen Assurance PAC Pro Bono SG Anglican Preschool Services Ltd Past 5 years Listed Nil Non-listed Cennerv Pharmaceuticals Ltd Baker Tilly Consultancy (Singapore) Pte. Ltd TFW Management Services Pte Ltd Park Crescent Services Pte Ltd Lightway Corporate Services Pte Ltd Singapore Accountancy Commission Baker Tilly TFW LLP NCC Research Fund NCCS Cancer Fund National Volunteer and Philanthropy Centre Shareholdings (direct and deemed) in the Company (as at 21 January 2025) Nil Familial relationship with any director and/or substantial shareholder of the Company or of any of its principal subsidiaries Nil Conflict of interest (including any competing business) Nil Mr Sim Guan Seng, who is seeking re-election at the annual general meeting, had responded negative to items (a) to (j) listed in the Appendix 7F of the Catalist Rules. For item (k) listed in the Appendix 7F, Mr Sim Guan Seng responded that he was subjected to a disciplinary inquiry by the Public Accountants Board in 2003 and was fined. Mr Sim Guan Seng was appointed as the Lead Independent Director of Darco Water Technologies Limited (“DWT”) on 6 July 2020 and was redesignated as the Independent Non-Executive Chairman of DWT on 13 July 2021. DWT was issued a notice of compliance by the Singapore Exchange Regulation (the “SGX RegCo”) on 10 September 2021. The notice of compliance was in relation to, inter alia, the SGX RegCo’s request for a detailed report on the status of the proposed investment in the Gaoyi Project. DWT had, on 17 September 2021, complied with the notice of compliance. Please refer to the notice of compliance issued by the SGX RegCo dated 10 September 2021 and the Company’s announcement on its responses to the notice of compliance dated 17 September 2021. 20 ANNUAL REPORT 2024 Board of Directors
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