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Change - Announcement Of Appointment Of Independent Director - Mr. Lum Wai Meng
Apr 30, 2024
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| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 30, 2024 20:54 |
| Status | New |
| Announcement Sub Title | APPOINTMENT OF INDEPENDENT DIRECTOR - MR. LUM WAI MENG |
| Announcement Reference | SG240430OTHR035K |
| Submitted By (Co./ Ind. Name) | PANG YOKE MIN |
| Designation | EXECUTIVE CHAIRMAN |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Lum Wai Meng as independent director of the Company. |
| Additional Details | |
| Date Of Appointment | 30/04/2024 |
| Name Of Person | LUM WAI MENG |
| Age | 51 |
| 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) | The Nominating Committee has assessed Mr. Lum Wai Meng and is of the view that he is suitably qualified for the role of Lead Independent Director, Chairman of the Nominating Committee, member of the Audit and Sustainability Committee, and member of the Remuneration Committee given his qualifications and experience. The Board of Directors concurred with the recommendation of the Nominating Committee. |
| Whether appointment is executive, and if so, the area of responsibility | Non-executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, NC Chairman, ASC member, and RC member. |
| Professional qualifications | - Bachelor of Engineering (2nd Upper Class Honours) from National University of Singapore - Master of Business Administration from Nanyang Technological University - Master of Science in Applied Finance from Singapore Management University - Senior Member, Institution of Engineers, Singapore - Fellow Chartered Accountant of Singapore, Institute of Singapore Chartered Accountants - ASEAN Chartered Professional Accountant - Chartered Valuer and Appraiser, Institute of Valuers and Appraisers, Singapore - Chartered Accountant, Institute of Chartered Accountants in England and Wales - Senior Accredited Director, Singapore Institute of Directors |
| 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 | No. |
| Conflict of interests (including any competing business) | No. |
| Working experience and occupation(s) during the past 10 years | December 2022 - Present Group Chief Executive Officer Rajah & Tann Technologies Pte Ltd July 2022 - Present Managing Director JLB Alliance Pte Ltd May 2019 - Present Non-Executive Director WizVision Pte Ltd October 2019 - Present Non-Executive Director NACT Engineering Pte Ltd April 2019 - June 2022 Non-Executive Director DSCO Group Holdings Pte Ltd June 2018 - June 2022 Chief Operating Officer Boustead Projects Ltd November 2008 - June 2018 Vice President/Head, Business Development TeleChoice International 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? | 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) | - DSCO Group Holdings Pte Ltd |
| Present | - JLB Alliance Pte Ltd - WizVision Pte Ltd - NACT Engineering Pte Ltd |
| (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 | Director will attend the Listed Entity Director Programme conducted by the Singapore Institute of Directors within 12 months from the date of appointment. |
