News

Change - Announcement Of Appointment Of Independent Director Who Is An Audit Committee Member

BackApr 22, 2021

Announcement Title	Change - Announcement of Appointment
Date & Time of Broadcast	Apr 22, 2021 17:57
Status	New
Announcement Sub Title	APPOINTMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER
Announcement Reference	SG210422OTHRR3VX
Submitted By (Co./ Ind. Name)	LIANG GUO ZHAN
Designation	EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)	APPOINTMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER
Additional Details
Date Of Appointment	22/04/2021
Name Of Person	Limjoco Ross Yu
Age	51
Country Of Principal Residence	Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)	The Nominating Committee (the "NC") formally assessed the appointment of Mr Limjoco Ross Yu as a non-executive and independent Director of the Company. On the recommendation of the NC and having considered the strength of his calibre and experience, the Board of Directors, with the recommendation of the NC, is of the view that the Company will be able to leverage on Mr Limjoco Ross Yu's qualifications, commercial, financial and investment expertise, and that the appointment of Mr Limjoco Ross Yu as a non-executive and independent Director will be beneficial to the Board and to 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.)	Independent Non-Executive Director, Member of the Audit Committee, Chairman of the Nominating Committee and Chairman of the Remuneration Committee
Professional qualifications	- Bachelor of Science in Business Administration, Major in Accountancy, Philippines School of Business Administration - Certified Public Accountant, Philippine Institute of Certified Public Accountants - Chartered Accountant of Singapore, Institute of Chartered Accountants of Singapore - Certified Fraud Examiner, Association of Certified Fraud Examiner - Chartered Valuer and Appraiser, Institute of Valuers and Appraisers in Singapore
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	None
Conflict of interests (including any competing business)	None
Working experience and occupation(s) during the past 10 years	- February 2003 to October 2012: Director of the Business Transaction Service department at BDO LLP - February 2003 to October 2012: Head of Business Advisory at BDO Advisory Pte Ltd - November 2012 to May 2014: Chief Financial Officer at PSL Holdings Limited - April 2016 to June 2020: Audit Director and Head of Mergers & Acquisitions department at Nexia TS Advisory Pte Ltd - August 2020 to January 2021: Adviser at BS Groups (Asian) Pte. Ltd. - May 2014 to present: Managing Director at Anchorage Consulting Private Limited - May 2014 to present: Managing Director at TMS Capital Advisory Ltd - October 2020 to present: Chief Financial Officer at North Star Security Pte. Ltd. - March 2021 to present: Owner at Anchorage Assurance
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)	- April 2017 to June 2017: Independent Director for 8Telecom International Holdings Co Ltd - May 2015 to August 2017: Independent Director for Hubei Zhong Lian Huan Energy Investment Management Inc - July 2014 to August 2017: Independent Director for IPCO International Limited - May 2014 to April 2016: Independent Director for Darco Water Technologies Limited
Present	- July 2019 to present: Independent Director for CFM Holdings Limited - May 2016 to present: Independent Director for MH Development Ltd (f.k.a. Camsing International Holdings Limited) - February 2021 to present: Independent Director for China Supply Chain Holdings Limited
(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	- April 2017 to June 2017: Independent Director for 8Telecom International Holdings Co. Ltd. - Listed on SGX Mainboard - July 2014 to August 2017: Independent Director for IPCO International Limited - Listed on SGX Mainboard - May 2014 to April 2016: Independent Director for Darco Water Technologies Limited - Listed on SGX Mainboard - July 2019 to present: Independent Director for CFM Holdings Limited - Listed on SGX Catalist - May 2016 to present: Independent Director for MH Development Ltd (f.k.a. CFM Holdings Limited) - Listed on HKEX - February 2021 to present: Independent Director for China Supply Chain Holdings Limited - Listed on HKEX