|Announcement Title||Change - Announcement of Appointment|
|Date & Time of Broadcast||May 7, 2019 17:18|
|Announcement Sub Title||APPOINTMENT OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR|
|Submitted By (Co./ Ind. Name)||Mr. Yet Kum Meng|
|Designation||Chief Executive Officer and Executive Director|
|Description (Please provide a detailed description of the event in the box below)||Appointment of Non-Independent Non-Executive Director.|
This announcement has been prepared by the Company and its contents have been reviewed by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of 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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: email@example.com).
|Date Of Appointment||07/05/2019|
|Name Of Person||Tadahiro Kiyosu|
|Country Of Principal Residence||Singapore|
|The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)||The Nominating and Remuneration Committee ("NRC") has reviewed the experience, qualification and expertise of Mr. Tadahiro Kiyosu and is satisfied that Mr. Kiyosu possessed the requisite experience and competencies to act as a Non-Independent Non-Executive Director of the Company. |
With the recommendation from the NRC, the Board of Directors has approved the appointment of Mr. Kiyosu as Non-Independent Non-Executive Director of the Company.
|Whether appointment is executive, and if so, the area of responsibility||Non-Executive.|
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Non-Independent Non-Executive Director and Nominating and Remuneration Committee Member.|
|Professional qualifications||Mr. Kiyosu holds a Bachelor of Arts from School of Foreign Studies, Osaka University in Japan.|
|Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries||Nil.|
|Conflict of interests (including any competing business)||Nil.|
|Working experience and occupation(s) during the past 10 years||Mr. Kiyosu joined ITOCHU Corporation in 1988. He was the general manager of Forest Products and General Merchandise, in charge of business for Building Materials, Natural Rubber, Tyre etc. from 2017.|
Mr. Kiyosu is currently Chief Strategy Officer for Asia & Oceania Bloc of ITOCHU Corporation as well as President and Chief Executive Officer of ITOCHU Singapore, an appointment he has held since April 2019.
|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)||1. South Wood Export Limited|
2. Albany Bulk Holding Pty Ltd
3. Southland Plantation Forest Company of New Zealand
4. Acacia Afforestation Asia Co.,Ltd.
5. Itochu Ceratech Co.
6. LLC ITR
7. European Tyre Enterprise Ltd.
8. P.T. Aneka Bumi Pratama
9. Rubbernet (Asia) Pte Ltd.
10. Raffles Cement Pte Ltd.
11. IG Windows Co
12. Yokohama Scandinavia AB
13. Itochu Kenzai Corporation
14. Pacific Woodtech Corporation
16. Daiken Corporation
17. Tokyo Lumber Terminal Co.,Ltd
18. Albany Plantation Export Company Pty. Limited
|Present||1. ITOCHU Singapore Pte Ltd|
2. ITOCHU Malaysia Sdn. Bhd.
3. PT ITOCHU Indonesia
|(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||Mr. Tadahiro Kiyosu has been briefed on his role and responsibilities as a director of a listed company in Singapore and the Company will arrange for Mr. Tadahiro Kiyosu to undertake training courses prescribed by the Exchange in connection with his duties as a Director and a member of the Nominating and Remuneration Committee.|