News| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jul 6, 2022 18:39 |
| Status | New |
| Announcement Sub Title | Announcement of Appointment of Independent Non-Executive Director |
| Announcement Reference | SG220706OTHR4SJ2 |
| Submitted By (Co./ Ind. Name) | Han Yong Lee (Donald) |
| Designation | Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Independent Non-Executive Director, member of Audit and Risk Committee and member of Nominating and Remuneration Committee. |
| Additional Details | |
| Date Of Appointment | 06/07/2022 |
| Name Of Person | Lee Kia Jong Elaine |
| Age | 66 |
| 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) | Please refer to attachment. |
| 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, member of the Audit and Risk Committee and member of the Nominating and Remuneration Committee. |
| Professional qualifications | Master of Business Administration, University of Chicago Booth School of Business Fellow, Singapore Institute of Directors |
| 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 | Nil |
| Conflict of interests (including any competing business) | Nil The NRC is tasked by the Board to assess the independence of Mrs Elaine Lim and make a recommendation to the Board on her independence status when considering her appointment to the Board. The Board determined that Mrs Elaine Lim is considered as an Independent Director as she has no relationships with the Manager, its related companies, its substantial shareholders or its officers that could interfere with her independent judgment, and is not faced with any circumstances identified in the Code of Corporate Governance 2018, the Securities and Futures (Licensing and Conduct of Business) Regulations and/or the Listing Manual of Singapore Exchange Securities Trading Limited, and does not have any other relevant relationships, which may affect her independent judgment. |
| Working experience and occupation(s) during the past 10 years | 19 January 2015 to 31 December 2018: Director, Stamford Corporate Services 19 February 2014 to 31 December 2014: Chairman, Citigate Dewe Rogerson i.MAGE 15 November 1988 to 18 February 2014: Managing Director, Citigate Dewe Rogerson i.MAGE |
| 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) | 2016 to 2020: Independent Non-executive Director, Chemical Industries (Far East) Limited. 2015 to 2019: Independent Non-executive Director, M1 Limited. |
| Present | Independent Non-executive Director, Combine Will International Holdings Limited. Advisor, Lien Aid 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 | 1 January 2022 to present: Independent Non-Executive Director, Combine Will International Holdings Limited. 15 September 2016 to 14 August 2020: Independent Non-Executive Director, Chemical Industries (Far East) Limited. 30 April 2015 to 25 April 2019: Independent Non-Executive Director, M1 Limited. 31 January 2011 to 15 May 2013: Independent Non-Executive Director, HSR Global Limited. |
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