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| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Mar 28, 2022 20:12 |
| Status | New |
| Announcement Sub Title | APPOINTMENT OF NON-INDEPENDENT AND NON-EXECUTIVE DIRECTOR |
| Announcement Reference | SG220328OTHRJZSK |
| 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 Mr. Brian Riady as a Non-Independent and Non-Executive Director. This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg. |
| Additional Details | |
| Date Of Appointment | 28/03/2022 |
| Name Of Person | Brian Riady |
| Age | 31 |
| 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 of the Company has reviewed the qualifications and experience of Mr. Brian Riady ("Mr. Riady") and has recommended to the Board of Directors his appointment as a Non-Independent and Non-Executive Director of the Company. The Board of Directors, having reviewed and considered Mr. Riady's qualifications and experience and all information available to-date, are of the view that he is suitable for the appointment as a Non-Independent and Non-Executive Director of the Company and has approved his appointment. |
| 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 and Non-Executive Director |
| Professional qualifications | Executive Education Programmes, Harvard Business School Bachelor of Science (Political Communication) and Bachelor of Arts (Economics), University of Texas at Austin |
| 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 | Mr. Brian Riady currently holds the position of Deputy Chief Executive Officer and Executive Director, OUE Limited. OUE Limited is a substantial shareholder of the Company. Mr. Brian Riady is the son of Dr. Stephen Riady, the Executive Chairman and Group Chief Executive Officer of OUE Limited and a substantial shareholder of the Company. He is also the nephew of Mr. James Tjahaja Riady, a substantial shareholder of the Company. |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | January 2020 - present Deputy Chief Executive Officer and Executive Director, OUE Limited October 2018 - December 2019 Chief Executive Officer of the Hospitality Division, OUE Limited January 2018 - December 2019 Executive Vice President, Lippo China Resources Limited (Hong Kong) September 2013 - September 2018 Vice President of Strategy, Lippo Group Indonesia December 2013 - October 2017 Chief Executive Officer, PT Cinemaxx Global Pasifik July 2012 - August 2013 Analyst, Credit Suisse (United States) |
| 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. Beringia Properties Corp. (Company dissolved) 2. Gainmate Hong Kong Limited (Company deregistered) 3. Meritus Hotels & Resorts Limited (Company deregistered) 4. OUE Skyspace Holding Corp. (Company dissolved) 5. Plainfield Creek Pte. Ltd. (voluntarily struck off) 6. Raven Platinum Pte. Ltd. (n.k.a. RD Digital Holdings Pte. Ltd.) |
| Present | 1. OUE Limited 2. OUE Commercial REIT Management Pte. Ltd. (manager of OUE Commercial Real Estate Investment Trust) 3. All Around Limited 4. Beringia Singapore Pte. Ltd. 5. CBX Pte. Ltd. 6. Chatterbox Pte. Ltd. 7. Chenexpress Pte. Ltd. 8. Clovis Singapore Pte. Ltd. 9. Cuisine Continental Group (HK) Ltd 10. Cuisine Continental (HK) Limited 11. Cuisine Creations Pte. Ltd. 12. Empire Asia Merchant Pte. Ltd. 13. Encore Dining Pte. Ltd. 14. LCR Catering Services Limited 15. Mandarin Hotel (Singapore) Private Limited 16. Delifrance Singapore Pte. Ltd. 17. Maxx Coffee Singapore Pte. Ltd. 18. Meritus Hotels Pte. Ltd. 19. Meritus Hotels & Resorts Sdn Bhd (in the process of liquidation) 20. Meritus International Pte. Ltd. 21. Oddish Ventures Pte. Ltd. 22. OUE Airport Hotel Pte. Ltd. 23. OUE Altro Pte. Ltd. 24. OUE Capital Pte. Ltd. 25. OUE Capital Management Pte. Ltd. 26. OUE Dining Pte. Ltd. 27. OUE Hashida Pte. Ltd. 28. OUE International Holdings Pte. Ltd. 29. OUE Rempapa Pte. Ltd. 30. OUE Restaurants Pte. Ltd. 31. OUE Trademarks Pte. Ltd. 32. OUE Treasury Pte. Ltd. 33. OUE USA Services Corp. 34. RD Digital Holdings Pte. Ltd. 35. Shisen Hanten Restaurant Pte. Ltd. 36. Silver Tail Pte. Ltd. 37. Singapore Mandarin International Hotels Pte Ltd 38. Singapore Meritus International Hotels Pte Ltd 39. Superfood Retail Limited 40. Takayama Restaurant Pte. Ltd. Commissioner: 1. PT MHPL Indonesia (in the process of liquidation) 2. PT Cinemaxx Global Pasifik |
| (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? | Yes |
| If Yes, Please provide details of prior experience | Deputy Chief Executive Officer and Executive Director of OUE Limited Non-Independent Non-Executive Director of OUE Commercial REIT Management Pte. Ltd. (the Manager for OUE Commercial Real Estate Investment Trust) |
| 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 |