Change - Announcement Of Re-Designation Of Teo Yi-Dar As Independent Non-Executive Chairman

Announcement Title	Change - Announcement of Appointment
Date & Time of Broadcast	Dec 31, 2018 12:47
Status	New
Announcement Sub Title	Re-designation of Teo Yi-Dar as Independent Non-Executive Chairman
Announcement Reference	SG181231OTHRSEGK
Submitted By (Co./ Ind. Name)	Foo Sey Liang
Designation	Executive Director
Description (Please provide a detailed description of the event in the box below)	Please see the below.
Additional Details
Date Of Appointment	01/01/2019
Name Of Person	Teo Yi-Dar (Zhang Yida)
Age	47
Country Of Principal Residence	Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)	The NC and the Board, having reviewed the independence of Mr Teo Yi-Dar, are of the view that he is independent in character and judgement, for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited and the Code of Corporate Governance 2018, and there are no circumstance which would likely affect or appear to affect his judgement. Upon his re-designation, Mr Teo Yi-Dar will be the Independent Non-Executive Chairman of the Board, and remain as member of Audit and Risk Committee, Nominating Committee and Remuneration Committee
Whether appointment is executive, and if so, the area of responsibility	Independent Non-Executive Chairman
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Independent Non Executive Chairman, member of Audit and Risk Committee, Nominating Committee and Remuneration Committee
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries	No
Conflict of interests (including any competing business)	No
Working experience and occupation(s) during the past 10 years	1999 - 2016 : Investment Manager (SEAVI Advent Management Pte Ltd) 2016 - Current : Director (Kenyon Group Limited)
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)	Please refer to Appendix
Present	Please refer to Appendix
(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	Mr Teo Yi-Dar (Zhang Yida) is currently a director of the following listed companies: China Yuanbang Property Holdings Limited Denox Environmental & Technology Holdings Limited Smartflex Holdings Limited Yangzijang Shipbuilding (Holdings) Limited Penyao Environmental Protection Co Ltd

Attachments

1. Appendix (Size: 36,965 bytes)