Enquiry Form






Change – Announcement of Appointment::APPOINTMENT OF LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR

Announcement Reference

SG240430OTHR0PU7

 

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 Mr Chua Keng Woon (“Mr Chua”) as the Lead Independent Non-Executive Director, the Chairman of the Remuneration Committee (“RC”) and a member of the Audit Committee (“AC”) and the Nominating Committee (“NC”) of the Company.

 

This announcement has been reviewed by the Company’s sponsor, SAC Capital Private Limited (the “Sponsor”).

 

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (“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 Mr. Bernard Lim at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone (65) 6232 3210.

 

Additional Details

Date Of Appointment

01/05/2024

 

Name Of Person

Chua Keng Woon

 

Age

51

 

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 has reviewed and considered Mr Chua’s qualifications, experience and independence, and is of the opinion that he is suitable for the role of the Lead Independent Non-Executive Director, as well as the Chairman of the RC, and a member of the AC and NC of the Company.

 

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

Non-Executive

 

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

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

 

Professional qualifications

Chartered Financial Analyst

 

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

2019 to Present – Independent Non-Executive Director of Hai Leck Holdings Limited

2018 to Present – Independent Non-Executive Director of Asiamedic Limited

2008 to 2016 – Senior Director, Equity Capital Market, Canaccord Genuity Singapore 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)

Nil

 

Present

Directorships

1. Asiamedic Limited

2. Hai Leck Holdings Limited

 

(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

– Current Independent Non-Executive Director of Asiamedic Limited

– Current independent Non-Executive Director of Hai Leck Holdings Limited

 

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)

N/A

 

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