SINOSOFT TECHNOLOGY

1297
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Sinosoft Technology Group Limited Announces Change of Independent Non-Executive Directors and Change of Members of Board Committees

09/30/2021 | 04:33am
The board of directors of Sinosoft Technology Group Limited announces that Mr. Kang Choon Kiat will resign as an independent non-executive director of the Company, the chairman of the Remuneration Committee of the Board, the chairman of the Investment Management Committee of the Board and a member of the Audit Committee of the Board due to commitments to his personal business which requires more of his time and dedication, with effect from 1 October 2021. Mr. Kang has confirmed that, as at the date of this announcement, (i) he does not have any claims against the Company in respect of his resignation; (ii) he does not have any disagreement with the Board; and (iii) there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board would like to take this opportunity to extend its gratitude to Mr. Kang for his valuable contribution to the Company during his tenure of service. In place of Mr. Kang, Mr. Chan Choo Tee ("Mr. Chan") will be appointed as an independent non-executive director of the Company, the chairman of the Remuneration Committee of the Company, the chairman of the Investment Management Committee of the Company and a member of the Audit Committee of the Company with effect from 1 October 2021. Mr. CHAN Choo Tee, aged 54, has approximately 30 years of experience in banking and finance and has held senior management roles across a number of global institutions. From 1997 to 2007, Mr. Chan worked at Citigroup Private Bank (a division of multinational banking conglomerate Citigroup) and last held the positions of executive director and deputy head of the foreign exchange department. Mr. Chan was a managing director in Merrill Lynch (Asia Pacific) Limited from 2007 to 2013, taking the roles as head of foreign exchange, Asia Pacific ex-Japan, and head of wealth management product sales in Hong Kong. From 2013 to 2019, Mr. Chan worked as a managing director in Bank Julius Baer (Hong Kong) Limited, Standard Chartered Bank, and Nomura (Singapore) Limited respectively, with the roles including head of foreign exchange and head of investment products and solutions within wealth management divisions. With these positions he has held, Mr. Chan has received various management committee memberships, chairmanship of functional committees, and the bank's executive/responsible officer appointments with the Hong Kong Monetary Authority and the Securities and Futures Commission of Hong Kong. Mr. Chan also has extensive experience in business set-up and management, platform & product development, team management and over-saw investment products related to suitability, governance, compliance and risk management. Mr. Chan is currently a partner at Omega Proprietary Trading Pte Ltd. in Singapore since 2020, which is an active participant in the global equities and financial derivatives field. He obtained his bachelor's degree in Business Administration from the National University of Singapore in 1991.
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