| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 20, 2022 21:21 |
| Status | New |
| Announcement Sub Title | Promotion of Adeline Sim to Executive Director and Chief Corporate Officer |
| Announcement Reference | SG220420OTHRNIHM |
| Submitted By (Co./ Ind. Name) | Sim Yong Siang |
| Designation | Founding Chairman |
| Description (Please provide a detailed description of the event in the box below) | Promotion of Adeline Sim to Executive Director and Chief Corporate Officer. |
| Additional Details | |
| Date Of Appointment | 01/04/2022 |
| Name Of Person | Sim Wei Ling, Adeline |
| Age | 41 |
| Country Of Principal Residence | Singapore |
| Date of last re-appointment (if applicable) | 21/04/2021 |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Following the recommendation of Management, the Board of Directors of HRnetGroup Limited (the "Company") has approved the promotion of Ms Adeline Sim as Executive Director and Chief Corporate Officer after taking into consideration the comprehensive role she plays which includes management of the Technology, Communications, and Legal functions of the Group. |
| Whether appointment is executive, and if so, the area of responsibility | Yes. Ms Adeline Sim manages the Technology, Communications, and Legal functions of the Group, serves on the Investment Committee which takes primary responsibility for acquisitions and investments by the Group, co-leads the Sustainability Committee as Sustainability Champion and is a member of the Compliance Committee. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and Chief Corporate Officer |
| Professional qualifications | 1. Bachelor of Laws from the National University of Singapore 2. Admitted as an Advocate & Solicitor of the Supreme Court of Singapore 3. Admitted to the Roll of Solicitors of England and Wales |
| 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 | Adeline Sim is the daughter of Peter Sim, Founding Chairman, sister of Aviel Sim and niece of JS Sim, Executive Director of the Company. |
| Conflict of interests (including any competing business) | None |
| Working experience and occupation(s) during the past 10 years | - Successfully closed the S$15m pre-IPO investment by Temasek subsidiary Heliconia into the Group - Together with the Founding Chairman and CFO brought the Group through its S$174 million IPO. - Actively co-led the Group's investments and acquisitions. - Revamped the Group's technology strategy and established a new Communications & Marketing function - Management of the Legal team - Business review and sponsorship of operating units |
| 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 | Direct Interest in shares: 489,600 Deemed Interest in shares: 783,268,300 |
| # 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) | Singapore International Mediation Centre |
| Present | 1. HRnet Consulting Limited 2. PT HRnet Rimbun Indonesia 3. HRnet One Inc 4. PT Recruit First Indonesia 5. Playhao Pte. Ltd. 6. Singapore Institute of Management Society 7. SkillsFuture Singapore 8. Lifelong Learning Institute |
| (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? | Yes |
| If Yes, Please provide details of prior experience | Director of HRnetGroup Limited |