Newsroom

Change - Announcement Of Appointment Of Chief Executive Officer - Kelvin Fong Keng Seong

Announcement Title	Change - Announcement of Appointment
Date & Time of Broadcast	Jul 15, 2025 12:17
Status	New
Announcement Sub Title	Appointment of Chief Executive Officer - Kelvin Fong Keng Seong
Announcement Reference	SG250715OTHRCMNF
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 Chief Executive Officer ("CEO") of the Company
Additional Details
Date Of Appointment	15/07/2025
Name Of Person	Kelvin Fong Keng Seong
Age	50
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)	In line with the Company's structured succession planning initiatives, Mr Kelvin Fong, currently serving as Executive Director and Deputy CEO, will be appointed as CEO with effect from 15 July 2025. He will succeed Mr Mohamed Ismail S/O Abdul Gafoore ("Mr Ismail Gafoor"), who will relinquish his CEO role. The Nominating Committee and the Board of Directors ("Board") after evaluating Mr Kelvin Fong's credentials, industry experience, leadership capabilities, and contributions to the Group, have approved the leadership transition. Following the change, Mr Ismail Gafoor will continue to serve as Executive Chairman. The Board believes that the separation of the Chairman and CEO roles is timely and appropriate in view of the Group's continued growth and development. This transition reinforces the Company's commitment to sound corporate governance while ensuring strategic continuity through Mr Ismail Gafoor's continued executive leadership. Further details regarding cessation of Mr Ismail Gafoor as CEO and the governance considerations underpinning this transition are provided in separate announcements released today.
Whether appointment is executive, and if so, the area of responsibility	Executive. Mr Kelvin Fong is responsible for overseeing the day-to-day operations and the execution of the Company's growth strategies, while continuing to administer the development of the Group's information technology strategies and technology innovations to improve its competitive edge in the real estate industry. He also oversees the Group's training and development curriculum and spearheads the sales and leadership training programmes.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Executive Director and CEO
Professional qualifications	- Bachelor of 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	Yes. Mr Kelvin Fong is the Executive Director, CEO and substantial shareholder of the Company. He is also holding directorships in some of the subsidiaries of the Company.
Conflict of interests (including any competing business)	No
Working experience and occupation(s) during the past 10 years	Mr Kelvin Fong joined the Group in 2003 and has over 20 years of real estate experience. He has been an Executive Director of the Company since June 2018 and was appointed as the Deputy CEO in August 2023. Prior to joining the management team, Mr Kelvin Fong was one of the Group's top team leaders and his team of salespersons had a strong track record for outstanding sales performance and excellent customer service.
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	Deemed interest: 75,960,000 ordinary shares, representing 10.26% interest in the Company
# 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: Nil Other Principal Commitment: Nil
Present	Directorships: - KJ MGT Pte. Ltd. - YKC Group Pte. Ltd. - ISolution Investment Pte. Ltd. - Champ Invest Pte. Ltd. - TREK01 Pte. Ltd. - PropNex Foundation Limited - OVVY Pte. Ltd. Other Principal Commitment: 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