Change - Announcement of Appointment::Appointment of Non-Executive Chairman and Independent Director

Issuer & Securities

Issuer/ Manager
TRANSCORP HOLDINGS LIMITED
Securities
TRANSCORP HOLDINGS LIMITED - SG1J09885596 - T19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Aug-2018 18:40:37
Status
New
Announcement Sub Title
Appointment of Non-Executive Chairman and Independent Director
Announcement Reference
SG180803OTHR3PVF
Submitted By (Co./ Ind. Name)
Kelly Kiar Lee Noi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Lai Hock Meng as Non-Executive Chairman and Independent Director of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Asian Corporate Advisors Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Company's Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange 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 Liau H.K.
Telephone number: 6221 0271

Additional Details

Date Of Appointment
03/08/2018
Name Of Person
Lai Hock Meng
Age
62
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors, having considered Mr Lai's qualification, working experience, capabilities and other relevant factors, concurred with the recommendation of the Nominating Committee and approved the appointment of Mr Lai as Non-Executive Chairman and Independent 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.)
Non-Executive Chairman and Independent Director, member of Audit Committee, Nominating Committee and Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
November 2017 to present:
Executive Director, Riverside Asia Partners Pte Ltd

June 2017 to present:
Chairman, HML Consulting Group Pte Ltd

May 2015 to May 2017:
CEO & Executive Director, EC World Asset Management Pte Ltd

July 2007 to October 2015:
CEO & Executive Director, CY Foundation Group Ltd

October 2007 to July 2016:
Chairman, HML Consulting Group Pte Ltd

October 2008 to June 2009:
Chairman, BlueOcean Capital Partners Pte Ltd

October 2007 to March 2009:
Managing Director, Tembusu Partners 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
Other Directorships
# 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)
1. Metax Engineering Corp Ltd
2. China Energy Ltd
3. China Essence Ltd
4. Success Dragon International CY Foundation Group Ltd
5. CFM Holdings Ltd
6. ASTI Holdings Ltd
7. China Oilfield Ltd
8. PureCircle Ltd
9. EC World Asset Management Pte Ltd
10. HML Consulting Group Pte Ltd
11. Dexin Steel Pte Ltd
12. PureCircle China Agriculture Development Co., Ltd
13. PureCircle (Shanghai) Co., Ltd
14. FA Systems Automation (S) Pte Ltd
15. Star Castle Capital (Singapore) Pte Ltd
16. The China Society, Singapore
17. Expert Global Management Limited
18. Kingbox (Asia) Limited
19. Kingbox Manufacturing Limited
20. CY Management Limited
21. Ace Advantage Developments Limited
22. Ace Plus Limited
23. Ace Precise International Limited
24. Best Max Holdings Limited
25. Lucky Zone Holdings Limited
26. Perfect Ace Global Limited
27. Science Power Limited
28. Silkway Holdings Limited
29. Number One Ventures Limited
30. Villaway Limited
31. Expert Dragon Limited
32. Fullwealth Investment Pte Ltd
33. Magnasset Investment Pte Ltd
34. Prorich Investment Pte Ltd
35. Richport Investment Pte Ltd
36. Richwin Investment Pte Ltd
37. JY Logistic Investment Pte Ltd
Present
1. Delong Holdings Ltd
2. Dragon Group International Ltd
3. Champ Buyout III Pte Ltd
4. Char Yong (Dapu) Foundation Limited
5. PureCircle (Jiangxi) Co., Ltd
6. HML Consulting Group Pte Ltd
7. Playhood Pte Ltd
8. PT Dexin Steel Indonesia
9. Riverside Asia Partners Pte Ltd
10. Riverside Asia Pacific Fund II Pte Ltd
11. DCM Asia Pte Ltd
12. Cosmic Capital Limited
(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
Yes
If Yes, Please provide full details
Please refer to Appendix 1.
(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?
Yes
If Yes, Please provide full details
Mr Lai received a warning letter from Monetary Authority of Singapore on 10 June 2015 regarding the contravention of Section 133 of the Securities and Futures Act, Chapter 289 of Singapore for failing to notify a listed corporation of a change in his interest in the securities of the corporation. This is due to an oversight. On 16 December 2009, Mr Lai was granted a share option for 500,000 shares in China Essence Group Ltd. where he was an Independent Non-Executive Director. The option lapsed on 12 December 2014 and he only discovered the change in his interest in the company on 21 April 2015. Mr Lai made immediate disclosure to the regulators on the same day when he discovered this oversight on his part.
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Mr Lai is currently an Independent Director of Delong holdings Limited and Dragon Group International Ltd.

Attachments

Appendix 1.pdf
Total size =172K