Mr Teo Yek Ming was appointed to the Board as the Managing Director and Chief Executive Officer of the Group on 16 June 2020. He was re-designated to Group Managing Director  on  25 February 2022. He is an entrepreneur and savvy investor who has  more  than  ten (10) years of combined experience in managing businesses of various industries,  including the one­ stop furniture industry, aquaculture, licensed money lending, information technology and property investment.

After completing his high school education, he started his career as a sales and marketing executive for a hardware trading  company.  Subsequently,  he ventured  into his first business in 2006, The Ring Telecommunication, which was a company involved in the retail of mobile phones. In 2012, he established Phoenix Arowana Breeders Sdn. Bhd., an aquaculture company involved in arowana fish farming, marketing, and distribution.

Mr. Teo later established Finsource Credit (M) Sdn. Bhd. in 2015, a moneylending company licensed under the Moneylenders Act 1951 which is governed under the Moneylenders (Control and Licensing) Regulations 2003. In addition, he also set up Avex Consulting Sdn. Bhd. and Avex Technology Sdn. Bhd. in 2016, which are principally involved in software development for local businesses. 

In 2017, he became one of the major shareholders of Goodnite International Sdn. Bhd. (“Goodnite”), a leading bedding manufacturer in Malaysia. He is currently the managing director of Goodnite, overseeing the overall operations of the Goodnite Group businesses. He has been actively involved in the execution of the business expansion plan through incorporation and acquisition of some upstream and downstream outfits in diversifying the Goodnite Group businesses to include foam and latex manufacturing, bedframe manufacturing, sofa manufacturing, office furniture trading, sales, hire purchase and factory outlets.

Note:

1. Family Relationship with Directors and/or Major Shareholder

He does not have any family relationship with any director and/or major shareholder of the company.

2. Conflict of Interest or Potential Conflict of Interest

He does not have any conflict of interest or potential conflict of interest, including any interest in any competing business with the Company and its subsidiaries.

3. Conviction of Offences

He has not been convicted of any offences (other than traffic offence) within the past five (5) years and there were no public sanction or penalty imposed on him by the relevant regulatory bodies during the financial period ended 30 June 2024.

4. Directorship in Public Companies and Listed Corporation

He does not hold any directorships in other public companies or listed corporations.

5. Attendance of Board Meeting

He has attended all ten (10) Board of Directors’ Meetings of the Company held during the financial period ended 30 June 2024.