| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | May 14, 2025 17:22 |
| Status | New |
| Announcement Sub Title | APPOINTMENT OF ACTING CHIEF EXECUTIVE OFFICER OF THE COMPANY |
| Announcement Reference | SG250514OTHRDEQE |
| Submitted By (Co./ Ind. Name) | Liew Lan Hing |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Acting Chief Executive Officer of the Company |
| Additional Details | |
| Date Of Appointment | 01/06/2025 |
| Name Of Person | Tan Sri Lim Kok Thay |
| Age | 73 |
| Country Of Principal Residence | Malaysia |
| Date of last re-appointment (if applicable) | 14/04/2025 |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Board, having considered the recommendation of the Nominating Committee, is satisfied that Tan Sri Lim has the qualifications and experience to be appointed as Acting Chief Executive Officer of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | With the retirement of Mr Tan Hee Teck from his roles as Chief Executive Officer of the Company, Tan Sri Lim, the Executive Chairman of the Company - who is already currently responsible for formulating the Group's business strategies and policies - will assume the roles of Acting Chief Executive Officer of the Company. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Chairman and Acting Chief Executive Officer of the Company ("GENS") |
| Professional qualifications | 1. Bachelor of Science in Civil Engineering, University of London 2. Programme for Management Development, Harvard Business School, Harvard University |
| 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 | Tan Sri Lim is a director of Genting Berhad ("GENT"), certain companies within the GENT Group and certain companies which are substantial shareholders of GENT. Tan Sri Lim is also one of the beneficiaries of a discretionary trust, the trustee of which is Parkview Management Sdn Bhd ("Parkview"). Parkview as trustee of the discretionary trust, through its wholly-owned company, namely Kien Huat International Limited, owns the entire issued voting share capital of Kien Huat Realty Sdn Berhad ("KHR"). As such, Parkview is deemed to be interested in the shares of the Company held through KHR and Genting Overseas Holdings Limited, a wholly-owned subsidiary of GENT, in which KHR controls more than 20% of the voting share capital. On account of Tan Sri Lim being a beneficiary of the discretionary trust, he is deemed interested in the shares of the Company by virtue of the deemed interest of Parkview. |
| Conflict of interests (including any competing business) | By virtue of Tan Sri Lim's positions and/or his indirect shareholding interests in GENT, Genting Malaysia Berhad ("GENM"), Empire Resorts, Inc. (a holding company for various subsidiaries engaged in the hospitality and gaming industries) and companies engaged in the business of cruise and cruise related operations under the Dream Cruises and StarCruises brands, he is considered as having interests in businesses which may compete indirectly with the Group's business. The Company's management team is separate and independent from the aforementioned companies. Further, other than Tan Sri Lim, the Company's Board of Directors comprises four Independent Non-Executive Directors. |
| Working experience and occupation(s) during the past 10 years | Tan Sri Lim has been the Chairman of the Company since 1 November 1993 and the Executive Chairman since 1 September 2005. He is responsible for formulating the GENS Group's business strategies and policies. Tan Sri Lim joined the GENT Group in 1976 and has served in various positions within the GENT Group. He is currently the Executive Chairman of GENT, the Deputy Chairman and Chief Executive of GENM, as well as the Deputy Chairman and Executive Director of Genting Plantations Berhad, all of which are listed on the Main Market of Bursa Malaysia Securities Berhad. He is also the Chairman of Genting UK Plc. |
| 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 | 15,695,063 (direct) 6,353,828,069 (deemed) |
| # 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) | Please see Annex A for details. |
| Present | Please see Annex A for details. |
| (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? | Yes |
| If Yes, Please provide full details | Please see Annex A for details. |
| (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 | Yes |
| If Yes, Please provide full details | Please see Annex A for details. |
| (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? | Yes |
| If Yes, Please provide full details | Please see Annex A for details. |
| Any prior experience as a director of an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | Genting Singapore Limited |
| 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 |
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