DISCLOSURE OF INTEREST/ CHANGES IN INTEREST OF DIRECTOR/ CHIEF EXECUTIVE OFFICER : DISCLOSURE OF INTEREST/CHANGES IN INTEREST IN DIRECTOR – ANG YU SENG

 

Announcement Title	Disclosure of Interest / Changes in Interest of Director / Chief Executive Officer
Date & Time of Broadcast	31-Dec-2024 13:43:14
Status	New
Announcement Sub Title	Disclosure of Interest/Changes in Interest in Director – Ang Yu Seng
Announcement Reference	SG241231OTHR6LWK
Submitted By (Co./ Ind. Name)	Gwee Chee Kiang
Designation	Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below – Refer to the Online help for the format)	Please refer to the attachment.

 

Additional Details

Person(s) giving notice	Director/Chief Executive Of cer who may also be a substantial shareholder/unitholder (Form 1)
Date of receipt of notice by Listed Issuer	31/12/2024

Attachments

_eFORM1 – Director – Ang Yu Seng_Final.pdf

(Total size: 145 KB)

GENERAL ANNOUNCEMENT : CHANGES TO THE COMPOSITION OF THE BOARD

 

Announcement Title	General Announcement
Date & Time of Broadcast	31-Dec-2024 13:26:24
Status	New
Announcement Sub Title	Changes to the Composition of the Board
Announcement Reference	SG241231OTHRBBLJ
Submitted By (Co./ Ind. Name)	Gwee Chee Kiang
Designation	Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)	Please refer to the attachment.

 

Attachments

EEL – Changes to the Composition of the Board.pdf

(Total Size: 64 KB)

CHANGE – ANNOUNCEMENT OF CESSATION : RESIGNATION OF EXECUTIVE DIRECTOR – COLIN PETER MORAN

 

Announcement Title	Change – Announcement of Cessation
Date & Time of Broadcast	31-Dec-2024 13:22:31
Status	New
Announcement Sub Title	Resignation of Executive Director – Colin Peter Moran
Announcement Reference	SG241231OTHRJAT5
Submitted By (Co./ Ind. Name)	Gwee Chee Kiang
Designation	Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)	Resignation of Colin Peter Moran as Executive Director of the Company.

 

Additional Details

Name Of Person
Colin Peter Moran

Age
62

Is effective date of cessation known?
Yes

If yes, please provide the date
31/12/2024

Detailed Reason (s) for cessation
Mr. Colin Peter Moran gave notice of his resignation to facilitate Board renewal and succession planning.

Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No

Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No

Any other relevant information to be provided to shareholders of the listed issuer?
No

Date of Appointment to current position
28/06/2019

Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes

Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0

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

Role and responsibilities
Duties of an Executive Director

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No

Shareholding interest in the listed issuer and its subsidiaries?
Yes

Shareholding Details
5,031,906 shares and 12,000,000 Options in Shares in Eneco Energy Limited.

Past (for the last 5 years)
1. Richland Chemical Logistics Pte Ltd
2. RichLand Logistics Services Pte Ltd
3. RichLand Global Pte Ltd
4. Eneco Singapore Pte Ltd
5. REL Oil & Gas Pte Ltd
6. Ramba Energy Investment Limited
7. Ramba Energy Indonesia Limited
8. Ramba Energy Exploration Limited
9. PT Richland Indonesia
10. PT Richland Logistics Indonesia

Present
1. Wowz Entertainment Pte Ltd
2. RWB Marine Australia Pty Ltd
3. RWB Corporation Pty Ltd
4. Milde Marine Pty Ltd
5. Eneco Refresh Limited (Chairman effective December 2023)
6. Comoranich Family Trust
7. 1220 Umbrella Investments Pty Ltd

CHANGE – ANNOUNCEMENT OF CESSATION : RESIGNATION OF EXECUTIVE DIRECTOR – NGO YIT SUNG

 

Announcement Title	Change – Announcement of Cessation
Date & Time of Broadcast	31-Dec-2024 13:15:59
Status	New
Announcement Sub Title	Resignation of Executive Director – Ngo Yit Sung
Announcement Reference	SG241231OTHRMCNS
Submitted By (Co./ Ind. Name)	Gwee Chee Kiang
Designation	Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)	Resignation of Ngo Yit Sung as Executive Director of the Company.

 

Additional Details

Name Of Person
Ngo Yit Sung

Age
43

Is effective date of cessation known?
Yes

If yes, please provide the date
31/12/2024

Detailed Reason (s) for cessation
Mr. Ngo Yit Sung gave notice of his resignation to facilitate Board renewal and succession planning.

Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No

Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No

Any other relevant information to be provided to shareholders of the listed issuer?
No

Date of Appointment to current position
10/07/2023

Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes

Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0

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

Role and responsibilities
Duties of an Executive Director

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No

Shareholding interest in the listed issuer and its subsidiaries?
No

Past (for the last 5 years)
1. TOTM Technologies Limited
2. International Biometrics Pte. Ltd.
3. Netlink VJ Pte. Ltd.

Present
1. RichLand Logistics Services Pte Ltd
2. World Precision Machinery Limited
3. China Shenshan Orchard Holdings Co. Ltd.

CHANGE – ANNOUNCEMENT OF CESSATION : RESIGNATION OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR – KOJI YOSHIHARA

 

Announcement Title	Change – Announcement of Cessation
Date & Time of Broadcast	31-Dec-2024 13:12:14
Status	New
Announcement Sub Title	Resignation of Non-Independent Non-Executive Director – Koji Yoshihara
Announcement Reference	SG241231OTHROIII
Submitted By (Co./ Ind. Name)	Gwee Chee Kiang
Designation	Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)	Resignation of Koji Yoshihara as Non-Independent Non-Executive Director of the Company.

 

Additional Details

Name Of Person
Koji Yoshihara

Age
61

Is effective date of cessation known?
Yes

If yes, please provide the date
31/12/2024

Detailed Reason (s) for cessation
Mr. Koji Yoshihara gave notice of his resignation to facilitate Board renewal and succession planning.

Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No

Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No

Any other relevant information to be provided to shareholders of the listed issuer?
No

Date of Appointment to current position
14/12/2018

Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes

Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
0

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director

Role and responsibilities
Duties of a Non-Independent Non-Executive Director

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No

Shareholding interest in the listed issuer and its subsidiaries?
Yes

Shareholding Details
6,000,000 Options in Shares in Eneco Energy Limited.

Past (for the last 5 years)
1. Agricore Corporation, Director
2. Global Fitness Japan Co., Ltd, Member

Present
1. Eneco Refresh Limited, Director
2. Eneco Investment Pte Ltd, Director

CHANGE – ANNOUNCEMENT OF APPOINTMENT : APPOINTMENT OF EXECUTIVE DIRECTOR

 

Announcement Title	Change – Announcement of Appointment
Date & Time of Broadcast	31-Dec-2024 13:03:27
Status	New
Announcement Sub Title	Appointment of Executive Director
Announcement Reference	SG241231OTHR9RA3
Submitted By (Co./ Ind. Name)	Gwee Chee Kiang
Designation	Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)	Appointment of Executive Director.

 

Additional Details

Date Of Appointment
31/12/2024

Name Of Person
Ang Jun Long

Age
33

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)

The Board, having considered the recommendation of the Nominating Committee and assessed Mr. Ang Jun Long qualification and experience, is of the view that he has the requisite experience and capability to assume the duties and responsibilities of an Executive Director.

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

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

Professional qualifications
Bachelor of Science (Honours) in Management with International Business – University of London, Royal Holloway, UK

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
Son of Mr. Ang Yu Seng (Non-Independent Non-Executive Director and Chairman of the Board).

Conflict of interests (including any competing business)
No

Working experience and occupation(s) during the past 10 years
Mr. Ang Jun Long (“Mr. Ang”) was appointed as an Executive Director of Union Steel Holdings Limited(“Union”)’s Engineering Division on 31 August 2022. Mr. Ang started as a management trainee with Hock Ann Metal Scaffolding Pte Ltd and Gee Sheng Machinery & Engineering Pte Ltd in 2014 for three years. He subsequently joined the Transvictory Group and was promoted to General Manager in August 2017 to oversee and restructure the sales and operations of Transvictory. As of 2022, he has been appointed to head the Engineering Division of Union to synergise the businesses amongst the group’s companies.

Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule704(6))
Yes

Shareholding interest in the listed issuer and its subsidiaries?
No

# 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)
Nil

Present
1. Gee Sheng Machinery Engineering Pte. Ltd.
2. BTH Holdings Pte. Ltd.
3. Applied Engineering Pte. Ltd.
4. Union Applied Engineering Sdn. Bhd.
5. Fastweld Engineering Construction Pte. Ltd.
6. Mashal Systems Private Limited
7. Marshal Offshore & Marine Engineering Co. Ltd.
8. Transvictory Holdings Pte. Ltd.
9. Transvictory Winch System Pte. Ltd.
10. Steadfast Offshore & Marine Pte Ltd.
11. Promoter Hydraulics Pte. Ltd.

(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?
No

If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of alisted issuer as prescribed by the Exchange
The Company will arrange Mr. Ang Jun Long to enroll for the SID Training programme for listed company directors.

CHANGE – ANNOUNCEMENT OF APPOINTMENT : APPOINTMENT OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF THE BOARD

 

Announcement Title	Change – Announcement of Appointment
Date & Time of Broadcast	31-Dec-2024 12:56:59
Status	New
Announcement Sub Title	Appointment of Non-Independent Non-Executive Director and Chairman of the Board
Announcement Reference	SG241231OTHRJPIV
Submitted By (Co./ Ind. Name)	Gwee Chee Kiang
Designation	Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)	Appointment of Non-Independent Non-Executive Director and Chairman of the Board.

 

Additional Details

Date Of Appointment
31/12/2024

Name Of Person
Ang Yu Seng

Age
68

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)
The Board, having considered the recommendation of the Nominating Committee and assessed Mr. Ang Yu Seng qualification and experience, is of the view that he has the requisite experience and capability to assume the duties and responsibilities of a Non-Independent Non-Executive Director and Chairman of 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.)
Non-Independent Non-Executive Director and Chairman of the Board

Professional qualifications
Not applicable

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
Father of Mr. Ang Jun Long (Executive Director).

Conflict of interests (including any competing business)
No

Working experience and occupation(s) during the past 10 years
Mr. Ang Yu Seng is prominent in Singapore’s metal recycling and steel trading industry, with over 40 years of experience. He is the co-founder of Union Steel Holdings Limited and was appointed as Executive Chairman and Chief Executive Officer on 12 August 2004. Under his leadership, Union Steel has expanded its operations and diversified its services, reinforcing its position as a key player in the metal recycling and steel trading sectors and a significant player in Singapore’s offshore and marine engineering market.

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
Mr. Ang Yu Seng (“Mr. Ang”) is a director and major shareholder of Union Steel Holdings. Ltd. (“Union”). Union has approximately 29.4% shareholding interest in the Company. By virtue of Mr. Ang’s 34.85% shareholding interest in Union, he is deemed interested in the 680,000,000 shares held by Union under Section 7 of the Companies Act 1967 and Section 4 of the Securities and Futures Act 2001.

# 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)
Nil

Present
Union Steel Holdings Limited and all its subsidiaries.

(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
Co-Founder, Executive Chairman, and Chief Executive Officer of Union Steel Holdings Limited

ASSET ACQUISITIONS AND DISPOSALS : PURCHASE OF WARRANTS ISSUED BY THE COMPANY

 

 

Announcement Title	Asset Acquisitions and Disposals
Date & Time of Broadcast	23-Dec-2024 17:40:31
Status	New
Announcement Sub Title	Purchase of Warrants Issued by the Company
Announcement Reference	SG241223OTHRWH71
Submitted By (Co./ Ind. Name)	Gwee Chee Kiang
Designation	Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)	Please refer to the attachment.

 

Attachments

EEL – Purchase of Warrants Issued by the Company.pdf

(Total size: 180 KB)

Request For Lifting Of Trading Halt

 

Announcement Title	Request for Lifting of Trading Halt
Date & Time of Broadcast	29-Nov-2024 13:32:07
Status	New
Announcement Sub Title	Request for Lifting of Trading Halt
Announcement Reference	SG241129OTHRKI0Z
Submitted By (Co./ Ind. Name)	Gwee Chee Kiang
Designation	Group Chief Executive Officer
Effective Date and Time of the event	29/11/2024 14:00

GENERAL ANNOUNCEMENT : OUTCOME OF APPLICATION FOR EXTENSION OF TIME TO EXIT FROM THE WATCH-LIST

 

Announcement Title	General Announcement
Date & Time of Broadcast	29-Nov-2024 12:55:27
Status	New
Announcement Sub Title	Outcome of Application for Extension of Time to Exit from the Watch-List
Announcement Reference	SG241129OTHRDQ9Y
Submitted By (Co./ Ind. Name)	Gwee Chee Kiang
Designation	Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)	Please refer to the attachment.

 

Attachments

EEL – Outcome of Application for Extension of Time to exit Watchlist.pdf

(Total size: 193 KB)