Change - Announcement of Appointment::Change - Announcement of Appointment

Issuer & Securities

Issuer/ Manager
ACMA LTD.
Securities
ACMA LTD. - SG1BB6000006 - AYV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
06-Aug-2020 19:00:54
Status
New
Announcement Sub Title
Change - Announcement of Appointment
Announcement Reference
SG200806OTHR8FAG
Submitted By (Co./ Ind. Name)
Chou Kong Seng
Designation
Chief Financial Officer
Effective Date and Time of the event
06/08/2020 17:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Joseph Foo Chee Hoe as an Independent Non-Executive Director

Additional Details

Date Of Appointment
06/08/2020
Name Of Person
Joseph Foo Chee Hoe
Age
67
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment of Mr Joseph Foo Chee Hoe as an Independent Non-Executive Director was recommended by the Nominating Committee and approved by the Board. The Company's Board of Directors, immediately prior to the appointment of Mr Joseph Foo, comprised 2 non-independent directors (one of which is the executive chairman) and two independent directors (as one of the former independent directors had decided not to seek re-election at the Company's annual general meeting held in June 2020). The appointment of Mr Joseph Foo is to replace the former independent director who stepped down and will allow the Company to have, as required pursuant to the Code of Corporate Governance,:-

a) a majority of independent directors; and
b) sufficient number of independent directors to form the Audit and Risk Committee.
Whether appointment is executive, and if so, the area of responsibility
NO
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director.
Member - AC and NC
Chairman - RC and Employees' Share Option Scheme Committees.
Professional qualifications
Mr Joseph Foo was admitted as a fellow of the Association of Chartered Certified Accountants, UK, in 1988.
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
NO
Conflict of interests (including any competing business)
NO
Working experience and occupation(s) during the past 10 years
2006-2010 Finance Director of Ultra-Flo Pte Ltd in October 2006 until it was divested to Mann+Hummel Group, Germany in September 2010.
2010-2011 Head of Finance of Mann+Hummel Ultra-Flo Pte Ltd.
2013-Current Director in charge of Finance/Ceraflo 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))
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interest - 55,000 ordinary shares in ACMA Ltd.
# 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
Director of Ceraflo 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
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
Chairman of Enersave Holdings Limited from August 1998 to 1999.
Independent Director of Esmart Holdings Limited from April 2003 to August 2006.
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)
In view of Mr Joseph Foo's prior experience as a director with the aforesaid listed companies, the Nominating Committee is of the view that Mr Joseph Foo need not undergo further training.