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Announcement Of Appointment Of Chief Executive Officer
BackOct 31, 2013
| Appointment Details | ||
| Date of Appointment | 31/10/2013 | |
| Name | Tsng Joo Peng ("Mr Tsng") | |
| Age | 47 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Following the resignation of Mr Ang as director and CEO as announced in an earlier announcement, Mr Tsng, currently an Executive Director of the Company has been appointed as the CEO of the Company on 31 October 2013. Mr Tsng has been an Executive Director of the Company since August 2005 and is well versed with the operations of the Group. The appointment of Mr Tsng as CEO has been accepted and approved by the Nominating Committee and the Board. | |
| Whether appointment is executive, and if so, area of responsibility | Executive, he is responsible for overseeing strategic planning, overall business expansion and management of the Group. | |
| Job Title | Chief Executive Officer | |
| Working experience and occupation(s) during the past 10 years | December 1993 - Present Director of Natural Cool Airconditioning & Engineering Pte Ltd June 2010 - Present Director of Buy and Fix Pte. Ltd. November 2010 - Present Director of Natural Cool Investments Pte. Ltd. February 2013 - Present Director of Natural Cool Energy Pte. Ltd. July 2007 - February 2012 Director of J2 Pte. Ltd. August 1994 - June 2005 Director of Aircon Designs Pte Ltd October 1995 - October 2005 Director of Leong Hiap Builder Pte. Ltd. September 1998 - May 2005 Director of QPA Pte Ltd August 2008 - June 2009 Director of Sunteq Construction Pte. Ltd. August 2002 - May 2005 Director of Quality Perfect Assurance Pte. Ltd. June 2006 - September 2009 Director of Naco Concept Pte. Ltd. |
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| Shareholding in the listed issuer and its subsidiaries | Direct Interest - 5,000,000 ordinary shares Indirect Interest - 12,348,426 oridinary shares |
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| 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) | 1. Sunteq Construction Pte. Ltd. (August 2008 - June 2009) 2. Naco Concept Pte. Ltd. (June 2006 - September 2009) 3. J2 Pte. Ltd. (July 2007 - February 2012) |
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| Present | 1. Natural Cool Airconditioning & Engineering Pte Ltd. 2. Buy and Fix Pte. Ltd. 3. Natural Cool Investments Pte. Ltd. 4. Natural Cool Energy Pte. Ltd. |
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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. | Mr Tsng has been appointed as director of the Company on 1 August 2005. He has remained as Executive Director of the Company since its listing on the Catalist (formerly known as SESDAQ) since 10 May 2006. |
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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 in this announcement. The contact person for the Sponsor is Mr Thomas Lam at 36 Carpenter Street, Singapore 059915, telephone: (65) 6323 8383; email: tlam@cnplaw.com. |
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