Our Group Structure - Abundance International Limited

Managing Director

Mr Sam is responsible for the overall business operations and management of the Group’s business, particularly in investment-related matters.

Mr Sam was a practicing Advocate and Solicitor from 2001 to 2007, and subsequently from 2009 to July 2010. From February 2011 to December 2011, Mr Sam was the Deputy Chairman and chief executive officer of Sun East Group Limited, a company listed on the mainboard of the SGX-ST. Mr Sam has been involved in various listings, merger and acquisitions, white knight rescues and other corporate exercises.

Mr Sam obtained his honours degree in law from the National University of Singapore in 2000 under an Overseas Union Bank scholarship. He was called to the Singapore Bar in 2001. He was ranked in first position in the postgraduate Practical Law Course organised by the Board of Legal Education and awarded the Aw Boon Haw and Aw Boon Par Memorial Prize.

Executive Director

Mr Jiang Hao was appointed a Director and Executive Director of the Company on 16 August 2017. He has many years of working experience in the trading of commodity chemicals. From 1993 to 1996, he worked in Nanyang Corporation Limited, doing chemical trading. From 1997 to 2002, he was in China Salt Company Shanghai Branch, a state owned enterprise, doing sales and marketing of chemicals. From 2002 to 2015, he was heading and was the largest shareholder of Shanghai Orient-Salt Chemicals Co., Ltd. – a successful commodity chemical trading house in China.

Lead Independent Director

Ms Lai Chin Yee was appointed as the Lead Independent Director on 1 February 2024. She is also Chairman of the Company’s Audit Committee, and a member of the Nominating and Remuneration Committees. She has over 35 years of experience in areas including auditing, finance & accounting, corporate governance, taxation and treasury, and is currently the Finance Director of SGX-listed Qian Hu Corporation Limited. Ms Lai was formerly an auditor with international accounting firms from 1987 to 2000.

Ms Lai was appointed by the Ministry of Finance (“MOF”) as a member of the Tax Advisory Committee from 2004 to 2006 and served as a council member of the Council on Corporate Disclosure and Governance from 2006 to 2007. She was also appointed by the MOF as a Board member of Accounting and Corporate Regulatory Authority (“ACRA”) since 2019 to 2024.

She has been a council member of the Institute of Singapore Chartered Accountants (“ISCA”) since 2018 and is the current Chairperson of ISCA’s CFO Committee and a member of its Membership Committee. Ms Lai also chairs the Singapore Chartered Accountant Qualification (“SCAQ”) Advisory Panel which ISCA has set up to provide recommendations to enhance, strengthen and update the SCAQ programme. She has served on ISCA’s Continuing Professional Education Committee and the Corporate Governance and Risk Management Committee previously.

Ms Lai is an Independent Director of Micro-Mechanics (Holdings) Ltd., as well as the Non-Executive Chairman of Singapore Paincare Holdings Limited, both companies listed on the SGX-ST.

Ms. Lai graduated with a bachelor’s degree in Accountancy from the National University of Singapore. She is a Fellow Chartered Accountant of Singapore and a member of the Singapore Institute of Directors. In 2009, Ms. Lai was named the Chief Financial Officer of the Year at the Singapore Corporate Awards (for companies with less than $300 million in market capitalisation).

Independent Director

Mr Ong Soon Teik was appointed as a Director of the Company on 1 February 2024. He is also Chairman of the Company’s Nominating Committee, and a member of the Audit and Remuneration Committees. He has over 30 years of experience in corporate finance, corporate advisory, fund raising, mergers and acquisitions and restructuring.

Mr Ong is currently an Independent Director of OKH Global Ltd. He was formerly an Independent Director of Adventus Holdings Ltd from 2010 to 2014, both companies listed on the SGX-ST.

Mr Ong was an Executive Director of a mining and resource company from 2011 to 2013 and was responsible for the financial and administration matters of the company. Prior to this position, he was the Chief Operating Officer of Chinese Global Investors Group Ltd and prior to that, the Senior Vice President and Head of Corporate Finance of Hong Leong Finance from 2005 to 2008. He was the Director of Corporate Finance of Deloitte & Touche LLP from 2000 to 2005. He has worked with BMB Consultants NV as a merchant banking specialist attached to the Bangladesh Minister of State of Privatisation under an Asian Development Bank sponsored programme in 1999.

Between 1984 to 1999, Mr. Ong had worked in Corporate Finance and banking positions in DBS Bank, Standard Chartered Merchant Bank, Nomura International (Hong Kong) and Peregrine Capital/Banco Santander Securities.

Mr. Ong graduated with degrees in Bachelor of Social Science (2nd Class Upper Honours) from the National University of Singapore, Master of Applied Finance from Macquarie University, Master of Accounting from Curtin University and LLB (Hons) degree from University of London. He is a Chartered Accountant (Singapore), Certified Public Accountant (Australia) and also qualified as a Chartered Financial Analyst (CFA Institute, USA).

Independent Director

Mr Lum Tain Fore was appointed as a Director of the Company on 1 February 2024. Mr Lum is also Chairman of the Company’s Remuneration Committee, and a member of the Nominating and Audit Committees. He is a serial entrepreneur with a good knowledge of corporate governance, compliance, financial markets and fund management.

Mr Lum is currently a co-founder and managing partner of Corona Asset Management Pte Ltd (“Corona”). He has over 30 years of experience as a private equity and venture capital (“VC”) investor. Concurrently, he is also an Academic Board member of the computer animation private school: 3DSense Media School, an EduTrust accredited school.

Before co-founding Corona, Mr Lum was the co-founder and managing partner of Emfore Capital Partners Pte Ltd (“Emfore”). Emfore was one of the approved participating funds under the Singapore government Global Investment Program, jointly administered by Singapore Economic Development Board and Spring Singapore.

Prior to this, Mr Lum co-founded and managed several fund management companies and including an incubator company. He has also held senior management positions in MNCs. Apart from these stints, he also founded and managed a precision engineering manufacturing company with funding from VCs. He is a former independent director of Eltech Electronics Limited.

Mr. Ong graduated with degrees in Bachelor of Social Science Mr Lum graduated from London Business School UK with an MBA. He also graduated from Newcastle University UK with a BSC (Honours) in Naval Architecture on a Colombo Plan Scholarship.