15 Jul 2022
Change - Announcement Of Redesignation Of Interim Chief Executive Officer ("CEO") To CEO Of Wholly Own Subsidiaries
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jul 15, 2022 20:32 |
| Status | New |
| Announcement Sub Title | REDESIGNATION OF INTERIM CHIEF EXECUTIVE OFFICER ("CEO") TO CEO OF WHOLLY OWN SUBSIDIARIES |
| Announcement Reference | SG220715OTHRQHC2 |
| Submitted By (Co./ Ind. Name) | Josephine Toh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Redesignation of Mr Lee Teng Chye from Interim Chief Executive Officer ("CEO") to CEO of the Company's wholly-own subsidiaries, namely Intraco Trading Pte. Ltd. ("ITPL") and Intrawave Pte. Ltd. ("Intrawave"). |
| Additional Details | |
| Date Of Appointment | 15/07/2022 |
| Name Of Person | Lee Teng Chye |
| Age | 60 |
| 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) | Mr Lee will step down as Interim CEO of the Company and be re-designated as the CEO of ITPL and Intrawave to oversee the business operations. |
| Whether appointment is executive, and if so, the area of responsibility | Responsible for the organic business and overall operational matters of ITPL and Intrawave. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer and Director of ITPL |
| Professional qualifications | NIL |
| 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 | March 2022 - Present Interim Chief Executive Officer Intraco Limited March 2020 - February 2022 Chief Operating Officer Intraco Limited March 2018 - March 2020 Started as Senior Vice President, Plastics Division before assuming as Chief Operating Officer in March 2020 Intraco Limited May 2008 - December 2017 Director Asia Peak Pte. Ltd. |
| 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? | Yes |
| Shareholding Details | 21,000 |
| # 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) | Asia Peak Pte. Ltd. |
| Present | Intraco Trading Pte. Ltd. Intraco International Pte. Ltd. Provenance Treasures Pte. Ltd. K.A. Group Holdings Pte. Ltd. K.A. Building Construction Pte. Ltd. K.A. Fireproofing Pte. Ltd. K.A. Fabric Shutters Pte. Ltd. K.A. Firelite Pte. Ltd. K.A. Vermiculite Spray Sdn. Bhd. |
| (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? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | NA |