Enquiry Form






Change – Announcement of Appointment::Appointment of Independent Non-Executive Director – Mr Lam Kwong Fai

Announcement Reference

SG200619OTHRXRMO

 

Submitted By (Co./ Ind. Name)

Tan Yee Ho

 

Designation

Executive Chairman

 

Description (Please provide a detailed description of the event in the box below)

Appointment of Independent Non-Executive Director, Chairman of the Audit Committee, as well as a member of the Nominating Committee and Remuneration Committee of the Company.

 

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

22/06/2020

 

Name Of Person

Lam Kwong Fai

 

Age

41

 

Country Of Principal Residence

Singapore

 

The Board’s comments on this appointment (including rationale, selection criteria, and the search and nomination process)

The Board of Directors of the Company, having reviewed and considered Mr Lam Kwong Fai’s (“Mr Lam”) qualifications, working experience and independence, is of the view that Mr Lam has the prerequisites suitable for the role of an Independent Non-Executive Director, Chairman of the Audit Committee (“AC”) as well as a member of the Nominating Committee (“NC”) and the Remuneration Committee (“RC”) of the Company.

 

Mr Lam is considered independent by the Board of Directors for the purpose of Rule 704(7) of the Catalist Rules.

 

Whether appointment is executive, and if so, the area of responsibility

Non-Executive.

 

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Independent Non-Executive Director, AC Chairman, NC Member and RC Member.

 

Professional qualifications

Bachelor of Accountancy, Nanyang Technological University.

 

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

None.

 

Conflict of interests (including any competing business)

None.

 

Working experience and occupation(s) during the past 10 years

Jul 2019 to May 2020 – Chief Executive Officer of Crowe Horwath Capital Pte Ltd

Jun 2017 to Jul 2019 – Founder and Chief Executive Officer of 3 Peaks Capital Private Limited

Jul 2014 to Jun 2017 – Associate Director, Continuing Sponsorship of PrimePartners Corporate Finance Pte Ltd

Apr 2012 to Jun 2014 – Director of CNP Compliance Pte Ltd

Apr 2009 to Mar 2012 – Compliance Officer and Registered Professional of KW Capital Pte Ltd

 

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?

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)

Directorships

1) Medtecs International Corporation Limited

2) Medtecs (Asia Pacific) Pte Ltd

 

Present

Directorships

1) OEL (Holdings) Limited

2) China Kunda Technology Holdings Limited

3) D’Nonce Technology Bhd

4) 3 Peaks Capital Private Limited (dormant)

5) Pan Asian Holdings Limited

6) Zenith Distribution LLP (dormant)

 

(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

Existing Independent Director of OEL (Holdings) Limited, China Kunda Technology Holdings Limited and Pan Asian Holdings Limited

Former Independent Director of Medtecs International Corporation Limited

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