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| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jan 1, 2021 22:39 |
| Status | New |
| Announcement Sub Title | Appointment of Independent and Non-Executive Director |
| Announcement Reference | SG210101OTHRSWRM |
| 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 Chairman of the Nominating and Remuneration Committee and member of the Audit and Risk Committee. |
| Additional Details | |
| Date Of Appointment | 01/01/2021 |
| Name Of Person | Yeo Wee Kiong |
| Age | 65 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board, taking into consideration the credentials, experience, and qualifications of Mr. Yeo Wee Kiong, and at the recommendation of the Nominating and Remuneration Committee, approved Mr Yeo's appointment as Independent Non-Executive Director, Chairman of the Nominating and Remuneration Committee and member of the Audit and Risk 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.) | Independent Non-Executive Director, Chairman of Nominating and Remuneration Committee and member of the Audit and Risk Committee |
| Professional qualifications | Mech & Production Engineering (1st class), National University Singapore Masters Business Administration LLB Honours, University of London Barrister, Lincoln's Inn United Kingdom Advocate & Solicitor, Singapore Graduate Diploma in Marketing (MIS) |
| 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 |
| Working experience and occupation(s) during the past 10 years | Oct 2007 to April 2012 Advocate & Solicitor, Director, Drew Napier LLC Corporate Practice, IPOs, M&As, Corporate Finance, Venture Capital and Capital Markets (Retired from law practice in April 2012) April 2012 to Present Non-Executive Director, Ezyhealth Holdings Pte Ltd (previously listed on SGX before privatisation in 2006) Active Angel Investor Venture Capital Investor |
| 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) | Raffles Venture (Direct) Pte. Limited Asia Township Development Pte. Ltd. Genkai Capital Secured Investment Pte. Ltd. Genkai Capital India Investment Pte. Ltd. Phillip Ventures Enterprises Fund 2 Ltd. Qualitas Medical Limited Orchid 1 Investments Pte. Ltd. Orchid 2 Investments Pte. Ltd. |
| Present | Independent Director Bonvests Holdings Limited (1 October 1991) Independent Director AF Global Limited (20 July 2016) Independent Director SUTL Limited (7 August 2019) Independent Director & Audit Committee Chairman Pacific Century Regional Development Limited (29 May 2020) Independent Director Roxy Pacific Limited (1 October 2020) Non-Executive Director Asian Healthcare Speciialists Ltd (3 September 2020) (nominee of Heliconia Capital Management Pte. Ltd.) Director Heliconia Capital Management Pte Ltd (1 May 2011) (fund manager subsidiary of Temasek) (non executive director of several SPVs of Heliconia) Non executive director Ezyhealth Holdings Pte Ltd (since 1990) 100% owned family holding company of Yeo Wee Kiong and his spouse (Sin Keng Choo) Previously listed on SGX, privatised in 2006 (health related businesses) Co-founder Raffles Venture Partners (since 2007) (a fund-of-funds registered with MAS) (non executive director of three Raffles Venture Partners SPVs) |
| (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? | Yes |
| If Yes, Please provide full details | In 1990, when Mr. Yeo commenced law practice, he attested to the signing of certain documents without requiring the physical presence of the person before him as he knew the person. The documents had to be re-executed and Mr. Yeo was fined $200 by the Law Society. |
| Any prior experience as a director of an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | - Independent and Non-Executive Director of Pacific Century Regional Developments Limited - Independent and Non-Executive Director of Bonvests Holdings Limited - Independent and Non-Executive Director of AF Global Limited - Independent and Non-Executive Director of SUTL Enterprise Limited - Director, Keppel Corporation Limited (2005 to 2009) Mr. Yeo was also independent director of more than 20 companies listed on SGX, 1 company listed on NASDAQ, 2 companies listed on ASX and 1 company listed in Luxembourg. |
| 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 |