|Announcement Title||Change - Announcement of Appointment|
|Date & Time of Broadcast||Jul 1, 2019 17:22|
|Announcement Sub Title||APPOINTMENT OF CHIEF FINANCIAL OFFICER|
|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 Chief Financial Officer.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST. 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 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||01/07/2019|
|Name Of Person||Yik Yen Shan, Vincent|
|Country Of Principal Residence||Singapore|
|The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)||The Board of Directors having reviewed and considered the expertise and past experience of Mr. Yik and all information received to-date, is of the view that he is suitable for the appointment of Chief Financial Officer of the Company and has approved his appointment.|
|Whether appointment is executive, and if so, the area of responsibility||Executive.
Mr. Yik is responsible for the Group's overall financial and management accounting, treasury, taxation, investment management and other corporate matters.
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Chief Financial Officer.|
|Professional qualifications||Mr. Yik holds a Bachelor of Commerce from University of Queensland in Australia. He is a member of CPA Australia as well as the Institute of Singapore Chartered Accountants.|
|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||Mr Yik joined Far East Orchard Limited as Chief Financial Officer in February 2012 where he had overall responsibility for the Group's financial and management accounting, treasury, taxation, investment management and other corporate matters. He was subsequently appointed the Chief Operating Officer, Australia Properties for Far East Organization in January 2014 where he was responsible for Far East Organization's business in Australia and was based in Sydney, Australia.
Prior to Joining Far East Organization, Mr Yik was the Chief Financial Officer of the Australian & New Zealand Banking Group in Singapore from August 2008.
|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|
|Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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. Ausco Martin Pty Limited
2. Far East Martin Pty Ltd
3. Far East Services (Australia) Pty Ltd
4. Far East Scarborough (Perth) Pty Ltd
5. Far East Central (Sydney) Pty Ltd
6. Far East Landed Homes Pty Ltd
7. Far East Lt. Bourke (Melbourne) Pty Ltd
8. Far East Martin Land Management Pty Ltd
9. Martin Heritage Management Pty Ltd
10. Precious Land (Australia) Pty Ltd
11. Precious Martin Pty Ltd
12. Far East Hospitality Holdings Pte. Ltd.
13. Toga Hotel Management Holdings Pty Ltd
14. Toga Hotel Property Holdings Pty Limited
15. Toga Hotel Property Investments Pty Limited
16. Vibe Hotel Services Pty Limited
17. Value Lodging Pty Limited
18. Medina Property Services Pty Limited
19. Toga European Hotel Holdings Pty Limited
20. Toga Danish Hotel Holdings Pty Limited
21. Toga Hotels (Employment) Pty Limited
22. Toga Hotels (Employment) No. 2 Pty Limited
23. Toga Hotels Property Investments No. 2 Pty Limited
24. Toga Hotels Property Investments No. 3 Pty Limited
25. Toga Hotel Security Holdings Pty Limited
26. Toga Hotel Holdings Pty Limited
27. Far East Orchard Sydney 1 Pty Ltd
28. RS Four Pte Ltd
29. QOMM Holdings Pte Ltd
|Present||1. Bethesda Cathedral|
|(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||Not Applicable.|
|Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)||Not Applicable.|