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Change - Announcement Of Appointment Of Mr Kelvin Fong As Deputy Chief Executive Officer

Announcement Title	Change - Announcement of Appointment
Date & Time of Broadcast	Aug 23, 2023 17:50
Status	New
Announcement Sub Title	Appointment of Mr Kelvin Fong as Deputy Chief Executive Officer
Announcement Reference	SG230823OTHR4W45
Submitted By (Co./ Ind. Name)	Lee Li Huang
Designation	Chief Financial Officer and Company Secretary
Description (Please provide a detailed description of the event in the box below)	Appointment of Mr Kelvin Fong Keng Seong ("Mr Kelvin Fong") as Deputy Chief Executive Officer
Additional Details
Date Of Appointment	23/08/2023
Name Of Person	Kelvin Fong Keng Seong
Age	48
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)	Mr Kelvin Fong is an Executive Director of the Company. Pursuant to the recommendation made by Management, the Nominating Committee ("NC") having reviewed and considered Mr Kelvin Fong's qualifications, working experience and contributions to the Group, is of the view that he possesses the requisite experience and capabilities to assume the responsibilities as the Deputy Chief Executive Officer. The Board of Directors (the "Board") accepted the NC's recommendation and approved the said appointment.
Whether appointment is executive, and if so, the area of responsibility	Executive. Mr Kelvin Fong oversees the Group's training development curriculum and spearheads the sales and leadership training programmes. He also administers the development of IT strategies and technology innovations to improve the Group's competitive edge in the industry. In addition to the above, Mr Kelvin Fong will also assist the Chief Executive Officer in strategic planning and managing all aspect of the Group's business.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Executive Director and Deputy Chief Executive Officer
Professional qualifications	- Bachelor Degree in Business Administration from La Trobe University, Australia - Diploma in Electronics Engineering from Singapore Polytechnic
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	No
Conflict of interests (including any competing business)	No
Working experience and occupation(s) during the past 10 years	Mr Kelvin Fong joined as a PropNex salesperson in 2003. He was one of the top Team Leaders and his team of salespersons has a strong track record for outstanding sales performance and excellent customer service. Mr Kelvin Fong was appointed as an executive director (non-statutory) of PropNex Realty Pte. Ltd. on 9 March 2016 and appointed to the Board of PropNex Limited on 13 June 2018.
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: 944,000 ordinary shares, representing 0.13% interest in PropNex Limited Deemed interest: 64,799,000 ordinary shares, representing 8.76% interest in PropNex Limited
# 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)	Directorships: - Zest Consultants Pte. Ltd. - Zest Academy Group Pte. Ltd. - MPS Invest Pte. Ltd. Principal Commitments: - Nil
Present	Directorships: - KJ MGT Pte. Ltd. - TREK01 Pte. Ltd. - Champ Invest Pte. Ltd. - YKC Group Pte. Ltd. - ISolution Investment Pte. Ltd. - Ovvy Pte. Ltd. Principal Commitments: - Nil
(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	Mr Kelvin Fong is an Executive Director of the Company.
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