Announcement Reference
SG200407OTHR5D9Q
Submitted By (Co./ Ind. Name)
Lee Sen Choon
Designation
Lead Independent Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Tan Yee Ho as the Chairman of the Board of Directors of Soon Lian Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”).
This announcement has been prepared by the Company and its contents have been reviewed by the Company’s Sponsor, ZICO Capital Pte. Ltd. (the “Sponsor”), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (“SGX-ST”) Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.
Additional Details
Date Of Appointment
08/04/2020
Name Of Person
Tan Yee Ho
Age
61
Country Of Principal Residence
Singapore
The Board’s comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee (“NC”) had reviewed the qualifications and experience of Mr Tan Yee Ho and recommended his appointment. The Board of Directors, having considered the NC’s recommendation, approved the appointment of Mr Tan Yee Ho as the Chairman of the Board. In carrying out his role and duties as the Chairman, Mr Tan Yee Ho will be assisted by the new Chief Executive Officer of the Company, the Independent Directors, management team and external professionals.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Tan Yee Ho is responsible for leading the Board of Directors of the Company and promoting corporate governance.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and Executive Director of the Company.
Professional qualifications
GCE “O” Levels
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
Mr Tan Yee Ho is the brother of Mr Tan Yee Leong (Executive Director of the Company, who will be appointed as the Chief Executive Officer of the Company with effect from 8 April 2020) and Mr Tan Yee Chin (the existing Chairman and Chief Executive Officer of the Company, who had tendered his resignation on 25 February 2020 and will step down as the Chairman and Chief Executive Officer of the Company with effect from 8 April 2020).
As at the date of this announcement, Mr Tan Yee Ho is a substantial shareholder of the Company, holding an aggregate shareholding interest (direct and deemed) in 73,898,333 ordinary shares of the Company (“Shares”) (representing approximately 68.42% of the issued share capital of the Company). Mr Tan Yee Ho is also related to the other substantial shareholders of the Company, namely, Soon Tien Holdings Pte. Ltd., Mr Tan Yee Leong and Mr Tan Yee Chin.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
Mr Tan Yee Ho has more than 30 years of experience in the aluminium alloy products industry. He is currently responsible for overseeing the Group’s sales and marketing initiatives in Singapore as the Executive Director of the Company and has been with the Group since it commenced operations in 1984.
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
As at the date of this announcement, Mr Tan Yee Ho holds direct interest in 998,333 shares. He is also deemed to be interested in the 72,900,000 shares held by Soon Tien Holdings Pte. Ltd.
# 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. SL Metals Pte. Ltd.
2. SL Metals (M) Sdn. Bhd.
3. SL Corporation Pte. Ltd.
4. SL Metals (Suzhou) Co., Ltd
5. Soon Tien Holdings Pte. Ltd.
6. Soon Tien Investments Pte. Ltd.
7. Concentrate Holdings Pte. Ltd.
8. Concentrate Engineering Pte. Ltd.
9. Concentrate Engineering (M) Sdn Bhd
10. SL Metals (Shenzhen) Co., Ltd (currently in the process of a members’ voluntary winding up)
(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
Mr Tan Yee Ho is currently a director of the Company.
Please provide details of relevant experience and the nominating committee’s reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
NA