News
27 Jul 2018
Change - Announcement Of Appointment Of Lead Independent Director
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jul 27, 2018 17:31 |
| Status | New |
| Announcement Sub Title | Appointment of Lead Independent Director |
| Announcement Reference | SG180727OTHRDE0L |
| Submitted By (Co./ Ind. Name) | Fang Ming |
| Designation | Executive Chairman & Group CEO |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Lead Independent Director and Chairman of the Audit and Nominating Committees of the Company |
| Additional Details | |
| Date Of Appointment | 27/07/2018 |
| Name Of Person | Chia Seng Hee ("Mr Jack Chia") |
| Age | 57 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board having considered (i) the recommendation of the Nominating Committee; and (ii) Mr Jack Chia's qualifications and experience, is of the view that Mr Jack Chia has the requisite experience and capabilities to assume the responsibilities as the Lead Independent Director and Chairman of the Audit and Nominating Committees of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | No |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director and Chairman of the Audit and Nominating Committees |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Mr Jack Chia is the Managing Director of Jack Global Consulting Pte. Ltd. After 20 years in both the private and public sectors, substantially in Japan and China, with Arthur Andersen, Singapore Technologies, the Government of Singapore Investment Corporation (GIC) and the International Enterprise Singapore Board, Mr Jack Chia currently embarks on a career as a professional director, specializing in corporate governance. His present directorships in other listed companies include Combine Will International Holdings Limited, Debao Property Development Ltd., Dukang Distillers Holdings Limited, mm2 Asia Ltd. and Shanghai Turbo Enterprises 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? | Yes |
| Shareholding Details | 1,000 ordinary shares |
| # 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) | (i) AGV Group Limited (ii) China Hongcheng Holdings Limited (Delisted from the Official List of the SGX-ST with effect from 9.00 a.m. on 22 November 2016) (iii) E Frontier Global Pte. Ltd. (Struck off) (iv) E Frontier Singapore Pte. Ltd. (Struck off) (v) Guangzhao Industrial Forest Biotechnology Group Limited (Dissolved - Compulsory winding up) (vi) Legami Pte. Ltd. (vii) Ricesse Management Inc (viii) Singapore Capital Partners Pte. Ltd. (Struck off) (ix) Sunray Holdings Limited (Delisted from the Official List of the SGX-ST with effect from 9.00 a.m. on 1 April 2014) |
| Present | (i) Best Success (Hong Kong) Ltd (ii) Combine Will International Holdings Limited (iii) Debao Property Development Ltd (iv) Dukang Distillers Holdings Limited (v) Jack Global Consulting Pte. Ltd. (vi) mm2 Asia Ltd. (vii) Shanghai Turbo Enterprises 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 a listed company? | Yes |
| If Yes, Please provide details of prior experience | Please refer to the present and the past 5 years' Directorships in various listed companies set out above. |