The Board of Directors of Heatec Jietong Holdings Ltd., having considered the recommendation of the Nominating Committee and the qualifications, educational background and working experience of Mr. Chua Siong Kiat (Mr Chua), considers Mr. Chua to be independent for the purposes of Catalist Rule 704(7) and is of the view that Mr. Chua is suitable and competent to be appointed and to act as an Independent Non-Executive Director and Chairman of the Audit and Risks Management Committee of the Company. Mr. Chua will be replacing Ms Lie Ly @ Liely Lee as Chairman of the Audit and Risks Management Committee of the Company with effect from 1 February 2022.
Mr. Chua has had experience as a director of SGX-listed issuers, and accordingly, the Nominating Committee will not require Mr. Chua to attend the relevant seminar(s) and/or course(s) conducted by the Singapore Institute of Directors on the roles and responsibilities of a director of a SGX-listed company.