| Appointment Details | ||
| Date of Appointment | 01/07/2012 | |
| Name | Dr Wu Chiaw Ching | |
| Age | 56 | |
| 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 ("NC") has made recommendation for the appointment of Dr Wu Chiaw Ching ("Dr Wu"), an Independent Non-Executive Director as Chairman of the Board of Directors of the Company. The NC's recommendation has been accepted by the Board. | |
| Whether appointment is executive, and if so, area of responsibility | Non-Executive | |
| Job Title | Independent Non-Executive Chairman | |
| Working experience and occupation(s) during the past 10 years | December 2010 - Present Director of Singapore Teowchew Foundation Limited May 2010 - Present Managing Partner / Partner of Excelsior Partners, PAF January 2009 - Present Director of E-Freight Centre (2008) Pte. Ltd. January 2009 - Present Director of Singapore Shippers' Academy Pte. Ltd. August 2009 - Present Director of Goodland Group Limited February 2008 - Present Managing Partner / Partner of Wan Associates March 2007 - Present Director of LHT Holdings Limited November 2006 - Present Secretary of Aegis Financial Circle Pte. Ltd. June 2006 - Present Director / Secretary of Aegis Wealth Managers Pte. Ltd. June 2006 - Present Secretary of Aegis Private Capital Pte. Ltd. May 2001 - Present Director of Aegis Private Capital Pte. Ltd. June 2006 - Present Secretary of Aegis Portfolio Managers Pte Ltd May 2001 - Present Director of Aegis Portfolio Managers Pte Ltd June 2006 - Present Secretary of Aegis Knowledge Pte. Ltd. December 2004 - Present Director of Aegis Knowledge Pte. Ltd. October 2003 - Present Director of Pinpoint Pte Ltd June 2002 - Present Director of K & Q Realty Pte Ltd |
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| Shareholding 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) | China Fashion Holdings Limited (December 2009 - May 2011) EDC@SCCCI Pte. Ltd. (November 2005 - March 2009) |
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| Present | 1. LHT Holdings Limited 2. Goodland Group Limited 3. Singapore Teochew Foundation Limited 4. Pinpoint Pte Ltd 5. K & Q Realty Pte. Ltd. 6. Aegis Wealth Managers Pte. Ltd. 7. E-Freight Centre Pte. Ltd. 8. Aegis Private Capital Pte. Ltd. 9. Aegis Portfolio Managers Pte Ltd 10. Singapore Shippers' Academy Pte. Ltd. 11. Aegis Knowledge Pte. Ltd. 12. Shipping Freight Booking Centre Sendirian Berhad |
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| 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. | Dr Wu has been an Independent Director of the Company since March 2006. His directorships with other listed Companies are as follows :- 1. LHT Holdings Limited 2. Goodland Group Limited |
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| Other Notes | ||
| Footnotes | This announcement has been prepared by the Company and reviewed by the Company's sponsor, CNP Compliance Pte. Ltd. ("Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement including the accuracy or completeness of any of the information disclosed or the correctness of any of the statements or opinions made or reports contained in this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 contact person for the Sponsor is Mr Pradeep Kumar Singh at 36 Carpenter Street, Singapore 059915, telephone: (65) 6323 8383; email: pksingh@cnplaw.com. |
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