Change – announcement of appointment: : appointment of chairman and independent director

CHANGE - ANNOUNCEMENT OF APPOINTMENT::APPOINTMENT OF CHAIRMAN AND INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager

ELLIPSIZ LTD

Securities

ELLIPSIZ LTD - SG1CA2000000 - BIX

Stapled Security

No

Announcement Details

Announcement Title

Change - Announcement of Appointment

Date &Time of Broadcast

27-Jan-2022 17:19:14

Status

New

Announcement Sub Title

Appointment of Chairman and Independent Director

Announcement Reference

SG220127OTHR3RO5

Submitted By (Co./ Ind. Name)

Johnie Tan

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

Appointment of Chairman and Independent Director

Additional Details

Date Of Appointment

27/01/2022

Name Of Person

David Ong Kim Huat

Age

60

Country Of Principal Residence

https://links.sgx.com/1.0.0/corporate-announcements/I2K91566Y9NAVMSV/7e50119d0ef8ee389ba8fbe01396b5dbbd592a19a9a51e855865ad14… 1/4

Singapore

The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)

Upon the recommendation of the Nominating Committee, the Board of Directors approved the appointment of Mr David Ong Kim Huat as the Chairman and an Independent Director of the Company taking into account, inter alia, his background, professional qualifcations and working experience. The Board of Directors believes that Mr Ong's experience in marketing and tourism would add diversity to the Board.

Whether appointment is executive, and if so, the area of responsibility

Non-executive

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Chairman and Independent Director

Audit and Risk Committee Member

Nominating Committee Member

Remuneration Committee Member

Professional qualifcations

Bachelor of Science Degree in Business Administration with double major in Marketing and Management from University of Oregon, USA

Any relationship (including immediate family relationships) with any existing director, existing executive offcer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries

No

Confict of interests (including any competing business)

No

Working experience and occupation(s) during the past 10 years

Please refer to the attached Appendix A

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?

No

# These felds are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).

Past (for the last 5 years)

Hon Corporation Limited

OxPay Financial Limited (formerly known as MC Payment Limited)

Present

Reddot Media Inc Pte Ltd

New Toyo International Holdings Ltd

1. Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was fled 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

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1. Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was fled 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 unsatisfed judgment against him?

No

1. 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

1. 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

1. 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 fnding 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

1. 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

1. Whether he has ever been disqualifed 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

1. 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

1. Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-

1. any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or

No

1. 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

1. 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

1. 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

https://links.sgx.com/1.0.0/corporate-announcements/I2K91566Y9NAVMSV/7e50119d0ef8ee389ba8fbe01396b5dbbd592a19a9a51e855865ad14… 3/4

period when he was so concerned with the entity or business trust?

No

1. 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 Ong was a director of OxPay Financial Limited (formerly known as MC Payment Limited), and is presently a director of New Toyo International Holdings Ltd.

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

Attachments

Appendix A.pdf

Total size =98K MB

https://links.sgx.com/1.0.0/corporate-announcements/I2K91566Y9NAVMSV/7e50119d0ef8ee389ba8fbe01396b5dbbd592a19a9a51e855865ad14… 4/4