Date Of Appointment06/08/2020Name Of PersonMichael Grant PixleyAge64Country Of Principal ResidenceSingaporeThe Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)The Board of Directors (the 'Board') has considered Mr. Michael Grant Pixley's ('Mr. Pixley') track record, age, working experience, capabilities and other relevant factors for the appointment as Independent Non-Executive Chairman of the Company.
For the reasons stated below, Mr. Farooq Ahmad Mann ('Mr. Mann'), as the sole Independent Non-Executive Director of the Company and member of the Nominating Committee, has confirmed that there is no conflict of interest with his assessment and recommendation of Mr. Pixley's appointment to the Board. Accordingly, the Board has approved Mr. Pixley's appointment as Independent Non-Executive Director.
Whether appointment is executive, and if so, the area of responsibilityIndependent Non-executiveJob Title (e.g. Lead ID, AC Chairman, AC Member etc.)Independent Non-Executive Chairman, Chairman of the Remuneration Committee and Member of the Audit Committee and Nominating Committee.
Professional qualificationsBachelor Business Management from Curtin University Perth, AustraliaAny 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 subsidiariesThe Board notes that Mr. Pixley is a consultant to Mann & Associates PAC, a firm founded by Mr. Mann.
The Board understands that Mr. Pixley's role is as a third-party consultant and advisor to Mann & Associates PAC on an ad-hoc basis, and he is not involved in the daily operations and/or management of Mann & Associates PAC. Mr. Mann has confirmed that Mr. Pixley is neither an employee, director nor shareholder of Mann & Associates PAC.
Mr. Pixley has also confirmed that he does not have any relationships with the Group or any related person of the Company that could interfere or be reasonably perceived to interfere with his exercise of independent business judgement with a view to the best interest of the Company and in carrying out his functions as an Independent Non-Executive Director and as a member of the respective Board committees.
Conflict of interests (including any competing business)NilWorking experience and occupation(s) during the past 10 yearsCSME Australia Pty Ltd Executive Director (2015 - Present)
Transocean Group Ltd Senior Adviser, Corporate Finance (2011 - Present)
Hollista Colltech Ltd Director (2003 - 2011)
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))YesShareholding 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)EVE Investments Ltd - Director (2017 - 30 June 2020)
Credit Intelligence Ltd - Non-Executive Director (2016 - April 2017)
PresentCredit Intelligence Ltd - Non-Executive Director (Since 28 April 2020)
Eneco Refresh Group Ltd - Independent, Non-Executive Director (Since 2016)
Story-i Ltd - Non-Executive Director (Since 2015)
(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; orNo(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; orNo(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; orNo(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?NoAny prior experience as a director of an issuer listed on the Exchange?NoIf no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the ExchangeMr. Pixley holds and has held several directorship roles with companies listed on the Australian Stock Exchange, as set out in his disclosures above.
Notwithstanding, Mr. Pixley will undergo training on the roles and responsibilities of a director of a listed issuer to meet the mandatory training requirements under Rule 406(3)(a) of the Catalist Rules within one (1) year timeframe as prescribed by the SGX-ST and the costs of such training will be borne by the Company.
MAGNUS ENERGY GROUP LTD. 
