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Announcement Of Appointment Of Non-Executive And Non-Independent Director Who Is A Member Of The Audit Committee
BackAug 25, 2010
| Appointment Details | ||
| Date of Appointment | 01/09/2010 | |
| Name | Wee Kheng Jin | |
| Age | 56 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Based on the Nominating Committee's review of Mr Wee's credentials and its recommendation that he be appointed as a Non-Independent and Non-Executive Director of the Company, the Board has considered the recommendation and approved his appointment. | |
| Whether appointment is executive, and if so, area of responsibility | Non-Executive | |
| Job Title | Non-Executive and Non-Independent Director and a member of the Audit Committee | |
| Working experience and occupation(s) during the past 10 years | Mr Wee Kheng Jin is currently an Executive Director in Far East Organization and oversees the Business Analysis & Control, Management Services and Legal Departments in the organization. He is also a non-executive director on the board of listed company Yeo Hiap Seng Limited. From January 2004 to July 2005, he was the Executive Director responsible for leading management of operations in the listed company Orchard Parade Holdings Limited (OPHL). He joined OPHL in February 2000 as Director of Finance. Prior to this, he spent 16 years in Citibank and held various appointments in the Singapore operations including 9 years as its Country Financial Controller. In 1995, he was transferred to the bank's Asia Pacific Group office where as Vice President Regional Financial Markets, he was responsible for overseeing several of the bank's treasury related initiatives. Mr Wee obtained his Bachelor of Accountancy degree from the University of Singapore on a SGV Scholarship and is a Certified Public Accountant. |
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| Shareholding in the listed issuer and its subsidiaries | NA | |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | NA | |
| Conflict of interest | NA | |
| Other Directorship | ||
| Past (for the last five years) | NA | |
| Present | Please see attached Annex A | |
| 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. |
1.Executive Director of Orchard Parade Holdings Limited from January 2004 to July 2005.
2.Currently Non-executive Director of Yeo Hiap Seng Limited |
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| Other Notes | ||
| Footnotes | This announcement has been reviewed by the Company's sponsor, KW Capital Pte. Ltd., 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 Sponsor is: - Name: Mr Hoon Tai Meng (Registered Professional, KW Capital Pte. Ltd.) Address: 80 Raffles Place, #25-01 UOB Plaza 1, Singapore 048624 Tel: 6238 3377 |
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