News
Change - Announcement Of Appointment Of Independent Director - Chan Pengee Adrian
BackOct 26, 2018
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Oct 26, 2018 20:49 |
| Status | New |
| Announcement Sub Title | Announcement on Appointment of Independent Director - Chan Pengee Adrian |
| Announcement Reference | SG181026OTHROZ23 |
| Submitted By (Co./ Ind. Name) | Victor Tan Kok Mian |
| Designation | Executive Director and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Chan Pengee Adrian as Lead Independent Director, Chairman of Nominating & Remuneration Committee and Member of Audit Committee |
| Additional Details | |
| Date Of Appointment | 26/10/2018 |
| Name Of Person | Chan Pengee Adrian |
| Age | 54 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | After reviewing Mr Chan Pengee Adrian's profile, qualifications and experience, the Board approved the appointment of Mr Chan as Lead Independent Director, Chairman of Nominating & Remuneration Committee and Member of Audit Committee. |
| 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 Director, Chairman of Nominating & Remuneration Committee and Member of Audit Committee |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | May 1989 - Present Senior Partner and Head of Corporate Department, Lee & Lee |
| 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) | 1. ISETAN (SINGAPORE) LIMITED - retired on 22 April 2015 2. AEM HOLDINGS LIMITED - retired on 29 April 2015 3. BIOSENSORS INTERNATIONAL GROUP, LTD. - ceased on 8 April 2016 upon its de-listing from the Singapore Stock Exchange 4. NOBEL DESIGN HOLDINGS LTD - resigned on 31 August 2017 |
| Present | 1. YOMA STRATEGIC HOLDINGS LTD. 2. GLOBAL INVESTMENTS LIMITED 3. ASCENDAS FUNDS MANAGEMENT (S) LIMITED 4. HONG FOK CORPORATION LIMITED 5. AEM HOLDINGS LIMITED 6. BEST WORLD INTERNATIONAL 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? | Yes |
| If Yes, Please provide full details | Yes. I was a nominee director of International Stream Investments Pte. Ltd, Al Mirage Property Holding Pte. Ltd. and Al Mirage Leisure Holding Pte. Ltd. which were Singapore companies that were dissolved pursuant to voluntary winding up proceedings commenced by me in 2013. |
| (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 | Yes |
| If Yes, Please provide full details | Yes. I was a non-executive independent director of AEM Holdings Limited, a listed company in Singapore, which announced in May 2007 that seven of its employees (including the then Chief Executive Officer) were under investigation by the CPIB and I have assisted the CPIB in their investigations. The then Chief Executive Officer was eventually charged and convicted for corruption in 2012. |
| (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 | Director of the following listed companies: 1. Yoma Strategic Holdings Ltd. 2. Global Investments Limited 3. Ascendas Funds Management (S) Limited 4. Hong Fok Corporation Limited 5. AEM Holdings Ltd 6. Best World International Limited |
