News

Change - Announcement Of Appointment Of Independent And Non-Executive Director

BackJul 05, 2024
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Jul 5, 2024 18:34
Status New
Announcement Sub Title Appointment of Independent and Non-Executive Director
Announcement Reference SG240705OTHR322E
Submitted By (Co./ Ind. Name) Dr. Terence Tea Yeok Kian
Designation Executive Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below) Appointment of Mr Chong Eng Wee as an Independent and Non-Executive Director

This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Joseph Au at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com.
Additional Details
Date Of Appointment 05/07/2024
Name Of Person Chong Eng Wee
Age 44
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) The Board of Directors, having considered the recommendation of the Nominating Committee and having assessed Mr Chong Eng Wee ("Mr Chong")'s qualifications, experience and suitability, is of the view that he has the requisite experience and capabilities to assume the duties and responsibilities as an Independent and Non-Executive Director of the Company. Mr Chong will also be appointed as a member of the Audit Committee and Remuneration Committee of the Company.

The Board of Directors considers Mr Chong to be independent for the purpose of Rule 704(7) of the Catalist Rules.
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 and Non-Executive Director, member of the Audit Committee and Remuneration Committee.
Professional qualifications 1. Admitted as Advocate & Solicitor of Supreme Court of Singapore,
2. Admitted as Solicitor of the High Court of Hong Kong
3. Admitted as Barrister and Solicitor of the High Court of New Zealand
4. Admitted as lawyer of the Supreme Court of New South Wales, Australia
5. Postgraduate Practical Course in Law, Board of Legal Education, Singapore
6. Graduate Diploma in Singapore Law, National University of Singapore
7. Certificate for Professional Legal Studies course (New Zealand), Institution of Professional Legal Studies
8. Bachelor of Laws, Victoria University of Wellington
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 July 2023 - Present
Partner at Nixon Peabody CWL

August 2021 - Present
Managing Director at Chevalier Law LLC

October 2017 to July 2021
Partner & Head of Corporate at Kennedys Legal Solutions Pte. Ltd.

July 2015 to October 2017
Partner & Deputy Head, Capital Markets & International China Practice at RHTLaw Taylor Wessing LLP

April 2011 to June 2015
Associate Director & Representative of Shanghai Representative Office at Duane Morris & Selvam LLP
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) Directorships:
1. GS Holdings Limited
2. KTL Global Limited
3. Wish Hospitality Holdings Private Limited
4. Wish Health Management (Shanghai) Co. Ltd
5. Kingsblade Asia Pte. Ltd.

Principal Commitments:
Consultant, Nixon Peabody CWL
Present Directorships:
1. AJJ Medtech Holdings Limited
2. Heatec Jietong Holdings Limited
3. Willas-Array Electronics (Holdings) Limited
4. China Yuanbang Property Holdings Limited
5. Polaris Ltd.
6. Chevalier Law LLC
7. Chevalier CS Pte. Ltd.
8. Coronet Ventures (Singapore) Pte. Ltd.
9. Lucky Sesa Pte. Ltd.

Principal Commitments:
1. Managing Director, Chevalier Law LLC
2. Partner, Nixon Peabody CWL
(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. Non-Executive and Independent Director, AJJ Medtech Holdings Limited (SGX-ST Stock code: 584) (June 2020 - present)
2. Non-Executive and Lead Independent Director, Heatec Jietong Holdings Limited (SGX-ST Stock code: 5OR) (April 2018 - present)
3. Non-Executive and Lead Independent Director, Willas-Array Electronics (Holdings) Limited (SGX-ST Stock code: BDR, SEHK Stock code: 854) (August 2023 - present)
4. Non-Executive and Independent Director, China Yuanbang Property Holdings Limited (SGX-ST Stock code: BCD) (September 2023 - present)
5. Independent Non-Executive Director, Polaris Ltd. (SGX-ST Stock Code: 5BI) (March 2024 - present)
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) Not applicable