Investor Relations - News
Change - Announcement Of Appointment Of Non-Executive Independent Director
BackJul 29, 2024
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jul 29, 2024 17:27 |
| Status | New |
| Announcement Sub Title | Appointment of Non-Executive Independent Director |
| Announcement Reference | SG240729OTHROFVH |
| Submitted By (Co./ Ind. Name) | Tan Lee Fang |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Non-Executive Independent Director and Chairman of the Audit Committee |
| Additional Details | |
| Date Of Appointment | 01/08/2024 |
| Name Of Person | Ng Tiak Soon |
| Age | 74 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Board, on the recommendation of the Nomination and Remuneration Committee, has considered Mr Ng Tiak Soon ("Mr Ng") credentials and is of the view that his extensive knowledge in accounting, audit and strong finance background qualification, experience and independence will contribute positively to and supplement the existing expertise and experience of the Board members. His appointment will enhance the diversity and independent elements of the Board. |
| 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 Director Chairman of the Audit Committee |
| Professional qualifications | Mr Ng is a member of the Association of Chartered Certified Accountants and a member of the Institute of Singapore Chartered Accountants (ISCA). He is also a member of the Singapore Institute of Directors. Mr Ng was an associate member of the Chartered Institute of Management Accountants from 1979 to 2004 and was an associate member of the Institute of Chartered Secretaries & Administrators from 1977 to 2003. He was a member of the Accounting Standards Committee of ICPAS (now known as ISCA) and was also a member of the Banking Disclosure Standards Committee under the Financial Sector Review Group. |
| 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 | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | Independent Director, Parkson Retail Asia Limited Independent Director, Kinergy Corporation Ltd (listed in HKEX) Independent Director, JurongHealth Fund Independent Director, 800 Super Holdings Limited Independent Director, MDR Limited Independent Director, Eurosports Global Limited Independent Director, Cordlife Group Limited Independent Director, St. James Holdings Limited |
| 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) | Independent Director, Eurosports Global Limited Independent Director, Parkson Retail Asia Limited Independent Director, 800 Super Holdings Limited Independent Director, Kinergy Corporation Ltd (listed in HKEX) Independent Director, JurongHealth Fund |
| Present | PJ Consultants Pte 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 | Former Independent Director, Eurosports Global Limited Former Independent Director, 800 Super Holdings Limited Former Independent Director, Parkson Retail Asia Limited Former Independent Director, Kinergy Corporation Ltd (listed in HKEX) Former Independent Director, MDR Limited Former Independent Director, Cordlife Group Limited Former Independent Director, Kinergy Ltd Former Independent Director, St. James Holdings Limited Former Independent Director, Wanxiang International Ltd See supplemental disclosure in the Appendix attached. |
Attachments
- Appendix (Size: 451,691 bytes)