16 Jul 2012
Announcement Of Appointment Of Non-Executive And Non-Independent Director
| Appointment Details | ||
| Date of Appointment | 16/07/2012 | |
| Name | Lien Kait Long | |
| Age | 64 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | After reviewing the recommendation of the Nominating Committee and Mr Lien Kait Long's qualifications, experiences and suitability, the Board of Directors have approved the appointment of Mr Lien as a Non-Executive Director of the Company and a member of the Audit Committee ("AC"), Nominating Committee ("NC") and Remuneration Committee ("RC"). | |
| Whether appointment is executive, and if so, area of responsibility | Non-Executive | |
| Job Title | Non-Executive Director, AC, NC & RC Members | |
| Working experience and occupation(s) during the past 10 years | Mr Lien has extensive experience in accounting and finance, corporate management and business investment. He currently serves as an independent Director on the board of several Singapore and Chinese companies listed on the Singapore Exchange Securities Trading Limited. The listed companies that he has present and prior experience in are from diverse industries including manufacturing, telecommunications, offshore and marine, oil and gas renewable energy and property, textile and food and beverage. He has held a number of senior management positions as well as executive directorship in various public and private corporations in Singapore, Hong Kong and China. Between March 2004 and March 2006, he was the Deputy President of Shenzhen Flink Investment & Development Co., Ltd. China. Prior to that, he was the Finance Director of PDC Corp. Ltd. between 2002 and 2003. |
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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) | Memstar Technology Limited MRI Holdings Limited (In members voluntary liquidation) Ocean International Holdings Limited Kian Ho Bearings Limited CMZ Holdings Limited |
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| Present | Hanwell Holdings Limited China Enterprise Limited Tat Seng Packaging Group Limited 8Telecom Holdings International Co. Ltd China Jishan Holdings Limited Falcon Energy Group Limited Youcan Food International Limited Renewable Energy Asia Group Limited Viking Offshore and Marine Limited |
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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 Lien currently serves as an independent Director on the board of several Singapore and Chinese companies listed on the Singapore Exchange Securities Trading Limited. |
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| Other Notes | ||
| Footnotes | After the appointment of Mr. Lien Kait Long as a member of the AC, NC and RC, the composition of the AC, NC and RC are as follows: Audit Committee 1. Dr Tan Boon Wan (Chairman) 2. Dr Tan Ng Chee 3. Mr Lien Kait Long Nominating Committee 1. Dr Tan Ng Chee (Chairman) 2. Dr Tan Boon Wan 3. Mr Lien Kait Long Remuneration Committee 1. Dr Tan Ng Chee (Chairman) 2. Dr Tan Boon Wan 3. Mr Lian Kait Long |
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