News

Change - Announcement Of Appointment Of Independent Non-Executive Director

BackJan 16, 2020
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Jan 16, 2020 19:13
Status New
Announcement Sub Title Appointment of Independent Non-Executive Director
Announcement Reference SG200116OTHRE3B4
Submitted By (Co./ Ind. Name) Christopher Nghia Do
Designation President and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Appointment of Ahmad Bin Mohd Don as Independent Non-Executive Director.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr Ong Hwee Li, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone: (65) 6232 3210.
Additional Details
Date Of Appointment 16/01/2020
Name Of Person Ahmad Bin Mohd Don
Age 72
Country Of Principal Residence Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Upon recommendation from the Nominating Committee, the Board of Directors (the "Board") after having reviewed and considered the qualification, working experience and independence of Ahmad Bin Mohd Don ("Tan Sri Ahmad"), has approved the appointment of Tan Sri Ahmad as an Independent Non-Executive Director of 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
Professional qualifications - Fellow of the Institute of Chartered Accountants in England and Wales
- Member of the Malaysian Institute of Certified Public Accountants
- Aberystwyth University, United Kingdom - Bachelor of Science in Economics and Business, summa cum laude
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) No
Working experience and occupation(s) during the past 10 years Tan Sri Ahmad has extensive experience in finance and banking, having worked in various capacities with Pernas Securities Sdn Bhd, Permodalan Nasional Berhad and Malayan Banking Berhad. He served as Chief Executive Officer and the group Managing Director of Malayan Banking Berhad from 1991 to 1994. Tan Sri Ahmad was the Governor of Bank Negara Malaysia from May 1994 to August 1998. Since Tan Sri Ahmad stepped down from his position as Governor of Bank Negara Malaysia, he has been focusing on his non-executive directorships in private and Bursa-listed companies. Please refer to present and past directorships section below for more details.
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) Directorships
Hap Seng Plantations Holdings Berhad (Listed on Bursa Malaysia)
Zurich Life Insurance Malaysia Berhad
Zurich Takaful Malaysia Berhad
KAF Investment Bank Berhad
KomarkCorp Berhad (Listed on Bursa Malaysia)
MAA Group Berhad (Listed on Bursa Malaysia)
MAA Cards Sdn Bhd
Syarikat Penanaman Bukit Senorang Sdn Bhd
South-East Pahang Oil Palm Berhad

Other Principal Commitment
Nil
Present Directorships
Alliance Bank Malaysia Berhad (Listed on Bursa Malaysia)
United Malacca Berhad (Listed on Bursa Malaysia)
Sunway REIT Management Sdn Bhd (manager of Sunway Real Estate Investment Trust listed on Bursa Malaysia)
IT Bizflow Sdn Bhd
YR Associates Sdn Bhd
Global Biomarine Pty Ltd
International Natural Resources Pte Ltd
PT Lifere Agro Kapuas
PT Bintang Gemilanf Permai
PT Wana Rindang Lestari

Other Principal Commitment:
Nil
(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 The Company will make arrangement for Tan Sri Ahmad to attend the training in the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange within one year from the date of his appointment to the board.
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