Announcement • Jun 24
Propnex Limited Announces Board and Committees Changes, Effective July 1, 2026
PROPNEX LIMITED announced the appointment of Mr. Lim Teck Chai, Danny as Independent Non-Executive Director, Chairman of Remuneration Committee, and Member of Audit and Nominating Committees, effective July 1, 2026. Upon recommendation from the Nominating Committee, the Board of Directors (the "Board") after having reviewed and considered the diversity aspects of the Board, background, professional qualifications, expertise, working experience and independence of Mr. Danny Lim, has approved the appointment of Mr. Danny Lim as an Independent Non-Executive Director of the Company. The Board considers Mr. Danny Lim is independent for the purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST"). Mr. Danny Lim has more than 25 years of experience in legal practice. He is currently a partner in the Capital Markets and Mergers & Acquisitions Practice Group at Rajah & Tann Singapore LLP. He joined the law firm in 1998 and has been practising and advising on all aspects of corporate legal advisory and transactional work, both locally and regionally. He has a wide range of experience in amongst others, acquisitions, investments, takeovers, initial public offerings and restructuring. Mr. Danny Lim holds a Bachelor of Laws (Hons), National University of Singapore, Singapore, and a Master of Science in Applied Finance, Nanyang Technological University, Singapore. He is an Advocate and Solicitor of the Supreme Court of Singapore. His present directorships and other principal commitments include Rajah & Tann Singapore LLP, ISDN Holdings Limited, ValueMax Group Limited, Advancer Global Limited, Stamford Land Corporation Ltd, Kimly Limited, and Choo Chiang Holdings Ltd. Mr. Danny Lim expects to retire from the board of directors of Stamford Land Corporation Ltd. at its forthcoming annual general meeting in July 2026, after a nine-year tenure, pursuant to the Listing Manual of the SGX-ST. Similarly, Mr. Danny Lim expects to retire from the board of directors of Kimly Limited at its annual general meeting in January 2027. Mr. Danny Lim further expects to retire from the board of directors of Choo Chiang Holdings Ltd. at its annual general meeting in April 2027. Dr Ahmad Bin Mohamed Magad was appointed as Chairman of the Audit Committee and ceased as Chairman of the Remuneration Committee, while remaining as a Member of the Remuneration Committee. The composition of the Company’s Board and Board Committees was as follows: Board of Directors: Mr. Mohamed Ismail S/O Abdul Gafoore – Executive Chairman, Mr. Kelvin Fong Keng Seong – Executive Director and Chief Executive Officer, Dr Ahmad Bin Mohamed Magad – Lead Independent Director, Ms Pebble Sia Huei-Chieh – Independent Director, Mr. Lim Teck Chai, Danny – Independent Director. Audit Committee: Dr Ahmad Bin Mohamed Magad – Chairman, Ms Pebble Sia Huei-Chieh – Member, Mr. Lim Teck Chai, Danny – Member. Remuneration Committee: Mr. Lim Teck Chai, Danny – Chairman, Dr Ahmad Bin Mohamed Magad – Member, Ms Pebble Sia Huei-Chieh – Member. Nominating Committee: Ms Pebble Sia Huei-Chieh – Chairman, Dr Ahmad Bin Mohamed Magad – Member, Mr. Lim Teck Chai, Danny – Member.
