| Announcement Title |
Change - Announcement of Appointment |
| Date & Time of Broadcast |
Nov 1, 2023 17:39 |
| Status |
New |
| Announcement Sub Title |
Appointment of Mr Tan Wei Lee as Independent Director and members of AC, NC and RC |
| Announcement Reference |
SG231101OTHRYE4L |
| Submitted By (Co./ Ind. Name) |
Ng Chee Wee |
| Designation |
Executive Director and CFO |
| Description (Please provide a detailed description of the event in the box below) |
The announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").
The announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of the announcement, including the correctness of any of the statements or opinions made or reports contained in the announcement.
The contact person for the Sponsor is Mr Leong Weng Tuck - Registered Professional, 36 Robinson Road, #10-06, City House, Singapore 068877, sponsor@rhtgoc.com.
|
| Additional Details |
| Date Of Appointment |
01/11/2023 |
| Name Of Person |
Tan Wei Lee ("Mr Tan") |
| Age |
47 |
| 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 Board with the concurrence of the Nominating Committee has assessed and approved Mr Tan's appointment based on his qualifications, working experience and knowledge, and is of the view that Mr Tan has the requisite experience to assume the duties and responsibilities as an Independent Director of the Company. |
| Whether appointment is executive, and if so, the area of responsibility |
Appointment is non-executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) |
Independent Director and members of Audit Committee, Nominating Committee and Remuneration Committee |
| Professional qualifications |
Executive Master of Business Administration - Singapore Management University
Bachelor of Business - Queensland University of Technology/Australia |
| 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 |
Nil |
| Conflict of interests (including any competing business) |
Nil |
| Working experience and occupation(s) during the past 10 years |
2022 - Present: Managing Director of Eastern Navigation Pte. Ltd.
2011 - 2022: General Manager of Eastern Navigation Pte. 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) |
Nil |
| Present |
Eastern Navigation Pty Ltd
Eastern Navigation (Labuan) Ltd
Eastern Navigation (Thailand) Co., Ltd
PT Pandan Bahari Shipyard
Eastern Navigation Pte. Ltd.
Eastern Carriers Pte Ltd
Pandan Shipyard Pte. Ltd.
Airblast (Singapore) Pte Ltd
Eastern Lighterage Company Private Limited
Eastern Towage 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 |
Yes |
| If Yes, Please provide full details |
The Commercial Affairs Department requested Mr Tan to provide a statement and evidences with regards to his Keppel Club membership. This is in relation to the Keppel Club membership fraud case where Mr Tan was sold a Phantom membership. Details of this case are widely available in the media. |
| (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? |
Yes |
| If Yes, Please provide full details |
a) In March 2009, Mr Tan received a writ of Summons regarding a motor vehicle accident involving a vehicle owned but not driven by him. The insurers of the vehicle settled the case with the Plaintiff.
b) In November 2010, Mr Tan put up a claim against a third-party vehicle that reversed into his car. However the third party issued a writ of summons claiming Mr Tan was the one that hit him. The insurers settled the case. |
| 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 |
Mr Tan has attended LED1 - Listed Entity Director Essentials course. He has undertaken to attend the remaining prescribed mandatory training courses and the modules relevant to his appointment as specified under Schedule 1 of Practice Note 4D of the Singapore Exchange Securities Trading Limited Listing Manual Section B : Rules of Catalist 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 |
