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Announcement Of Appointment Of Independent Director Who Is An Audit Committee Member
BackSep 30, 2013
| Appointment Details | ||
| Date of Appointment | 30/09/2013 | |
| Name | Chee Wai Pong | |
| 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 Nominating Committee has recommended and the Board has approved the appointment of Mr Chee Wai Pong as an Independent Non-Executive Director of the Company after evaluating his qualification and working experience. The Board considered Mr Chee to be independent pursuant to Rule 704(7) of the Catalist Rules. | |
| Whether appointment is executive, and if so, area of responsibility | Non-Executive | |
| Job Title | Independent Non-Executive Director, Chairman of Remuneration Committee and member of Nominating Committee and Audit and Risk Committee. | |
| Working experience and occupation(s) during the past 10 years | Mr Chee was a partner of M/s Ng Ong & Chee from January 1979 to December 2006. From 1 January 2007, Mr Chee started his own law practice under the name and style of Chee Wai Pong & Co. Mr Chee is the honorary legal advisor to the Medical Alumni and Ling Kwang Home for the Senior Citizens. He is also a member of the Management Committee of the Student Care Service (a Voluntary Welfare Organisation under the National Council of Social Services) and a member of the Yishun Centre Advisory Committee of the Students Care Service. He was also a Director of the Prison Fellowship Singapore and stepped down from this position in April 2012. |
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| Interest in the listed issuer and its subsidiaries | NIL | |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | NIL | |
| Conflict of interest | NIL | |
| Other Directorship | ||
| Past (for the last five years) | Prison Fellowship Singapore Limited | |
| Present | Independent Director of SunMoon Food Co Ltd, HG Metal Manufacturing Limited and Progen Holdings Ltd. | |
| Information required pursuant to Listing Rule 704(7)(h) | ||
| a. | Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| b. | Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| c. | Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| f. | Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? | No |
| h. | Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| i. | Whether he has ever been the subject of any order, judgement 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 |
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| (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 |
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| (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 |
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| (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, | No |
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| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | ||
| 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 |
| Information required pursuant to Listing Rule 704(7)(i) | ||
| Any prior experience as a director of a listed company? | Yes | |
| If yes, please provide details of prior experience. | Mr Chee is an Independent Director of SunMoon Food Co Ltd, HG Metal Manufacturing Limited and Progen Holdings Ltd. |
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| Other Notes | ||
| Footnotes | This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the Exchange. The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The details of the contact person for the Company's Sponsor are set out below: Name: Mr Ong Hwee Li (Registered Professional, SAC Capital Private Limited) Address: 1 Robinson Road, #21-02 AIA Tower, Singapore 048542 Tel: 6221 5590 |
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