Announcement Of Appointment Of Non-Executive Director
BackApr 26, 2010
| Appointment Details | ||
| Date of Appointment | 26/04/2010 | |
| Name | Yap Xi Ming | |
| Age | 48 | |
| 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 has recommended the appointment of Mr Yap Xi Ming after evaluating Mr Yap's working experiences. The Nominating Committee are satisfied that his inclusion as Non-Executive Director would strengthen the Board. | |
| Whether appointment is executive, and if so, area of responsibility | Non-Executive. | |
| Job Title | Non-Executive Director | |
| Working experience and occupation(s) during the past 10 years | 2005 to present - Managing Director of Chye Hin Hardware Pte Ltd 1986 to 2004 - Executive Director of Chye Hin Hardware Pte Ltd 2006 to present - Mlink Capital Pte Ltd March 2010 to present - Regroup Capital Pte Ltd |
|
| Shareholding in the listed issuer and its subsidiaries | Mr Yap holds 5,710,000 shares in HG Metal Manufacturing Limited and is deemed interested in 80,646,574 shares in HG Metal Manufacturing Limited held by Chye Hin Hardware Pte Ltd by virtue of his 33.33% in chye Hin Hardware Pte Ltd. | |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None | |
| Conflict of interest | Mr Yap is Managing Director of Chye Hin Hardware Pte Ltd which principally engages in wholesale of general hardware and manufacturing of structural metal products. | |
| Other Directorship | ||
| Past (for the last five years) | Super Steel Pte Ltd | |
| Present | Managing Director of Chye Hin Hardware Pte Ltd Executive Director of Mlink Capital Pte Ltd Executive Director of Regroup Pte Ltd |
|
| Information required pursuant to Listing Rule 704(7)(h) | ||
| a. | Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| b. | Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| c. | Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| f. | Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? | No |
| h. | Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| i. | Whether he has ever been the subject of any order, judgement 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, | No |
|
| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | ||
| 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? | Yes |
| Information required pursuant to Listing Rule 704(7)(i) | ||
| Any prior experience as a director of a listed company? | No | |
| If yes, please provide details of prior experience. |
Mr Yap will be attending some training and seminars in due course. |
|