Change - Announcement of Appointment::Re-designation of Non-Executive & Independent Director to Non-Executive & Non-Independent Director

Issuer & Securities

Issuer/ Manager
FRASERS PROPERTY LIMITED
Securities
FRASERS PROPERTY LIMITED - SG2G52000004 - TQ5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Oct-2022 07:54:29
Status
New
Announcement Sub Title
Re-designation of Non-Executive & Independent Director to Non-Executive & Non-Independent Director
Announcement Reference
SG221025OTHROT68
Submitted By (Co./ Ind. Name)
Catherine Yeo
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr Weerawong Chittmittrapap from non-executive and independent director of Frasers Property Limited ("FPL") to non-executive and non-independent director of FPL with effect from 25 October 2022 pursuant to Rule 210(5)(d)(iii) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST").

Additional Details

Date Of Appointment
25/10/2022
Name Of Person
Weerawong Chittmittrapap
Age
64
Country Of Principal Residence
Thailand
Date of last re-appointment (if applicable)
22/01/2021
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The re-designation of Mr Weerawong Chittmittrapap from non-executive and independent director to non-executive and non-independent director of FPL with effect from 25 October 2022 is pursuant to Rule 210(5)(d)(iii) of the SGX-ST Listing Manual, as Mr Weerawong would have served as an independent director of FPL for an aggregate period of more than nine years as of 25 October 2022.

Following his re-designation, Mr Weerawong will remain as the Chairman of the Nominating Committee ("NC") and a member of the Sustainability and Risk Management Committee ("SRMC").

See also the Company's announcement dated 25 October 2022 titled "(I) RE-DESIGNATION OF NON-EXECUTIVE AND INDEPENDENT DIRECTORS TO NON-EXECUTIVE AND NON-INDEPENDENT DIRECTORS (II) APPOINTMENT OF MR CHIN YOKE CHOONG AS LEAD INDEPENDENT DIRECTOR (III) CHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS AND BOARD COMMITTEES" for more information on the Company's Board transition plans.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director, Chairman of the NC and member of the SRMC
Professional qualifications
- Thai Barrister-at-Law and the first Thai lawyer admitted to the New York State Bar
- Master of Law, University of Pennsylvania, United States of America
- Bachelor of Law, Chulalongkorn University, Thailand
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
Dec 2008 to Aug 2014 - Chairman, Weerawong, Chinnavat & Peangpanor 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
# 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)
- Special Lecturer, King Prajadhipok's University
- Special Lecturer, Thammasat University
Present
- Director, Asset World Corp Public Company Limited
- Director, Bangkok Dusit Medical Services Public Company Limited
- Director, Berli Jucker Public Company Limited
- Director, SCB X Public Company Limited (formerly known as Siam Commercial Bank Public Company Limited)
- Director, Big C Supercenter Public Company Limited
- Director, Card X Company Limited
- Senior Partner, Weerawong, Chinnavat & Partners Ltd
- Special Lecturer, Chulalongkorn University
(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 Weerawong is a director of FPL and was formerly a director of Fraser and Neave, Limited.