Change - Announcement of Appointment::ANNOUNCEMENT OF PROMOTION OF RELATIVE OF DIRECTOR, CEO OR SUBSTANTIAL SHAREHOLDER

Issuer & Securities

Issuer/ Manager
TAI SIN ELECTRIC LIMITED
Securities
TAI SIN ELECTRIC LIMITED - SG1F88861140 - 500
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Jul-2021 17:21:06
Status
New
Announcement Sub Title
ANNOUNCEMENT OF PROMOTION OF RELATIVE OF DIRECTOR, CEO OR SUBSTANTIAL SHAREHOLDER
Announcement Reference
SG210702OTHR35SL
Submitted By (Co./ Ind. Name)
TAN SHOU CHIEH
Designation
SECRETARY
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF PROMOTION OF RELATIVE OF DIRECTOR, CEO OR SUBSTANTIAL SHAREHOLDER

Additional Details

Date Of Appointment
01/07/2021
Name Of Person
Lim Boon San Lionel (Lin Wenshan, Lionel)
Age
44
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Lim Boon San Lionel was promoted by the Management of Lim Kim Hai Electric Co. Pte. Ltd. ("LKHE") after an annual review of staff performance and remuneration.
Whether appointment is executive, and if so, the area of responsibility
Executive appointment in LKHE with following responsibilities:-

- Explore and create new business to augment existing services, products and solutions to achieve company profitability, liquidity, continuity and growth.

- Prepare business development plan for business needs and growth.

- Research, source and develop new products, solutions and markets to complement and grow existing business.

- Create new leads and customers to increase market reach and customer base.

- Establish and strengthen business partnership with new or existing brands to improve company image and position in local market.

- Work autonomously and collaboratively with stakeholders to achieve the company sales targets.

- Evaluate viability and propose for management decision-making, new business market and solutions to meet the business needs.

- Report on business development outcomes/results related to sales for management review meetings.

- Provide staff coaching, mentoring and on-the-job training for product and marketing teams.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Senior Manager - Business Development
Professional qualifications
Masters of Business Administration
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
Mr. Lim Chye Huat @ Bobby Lim Chye Huat - Uncle
Mr. Lim Chai Lai @ Louis Lim Chai Lai - Father
Mdm. Chan Kum Lin - Mother
Mr. Lim Boon Hock Bernard - Cousin
Mdm. Pang Yoke Chun Cousin -In-Law
Mr. Lim Boon Chin Benjamin - Cousin
Ms Guah Li Mei Joanna - Cousin -In-Law
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
LKHE Senior Sales Executive (July 2009 - July 2012)
LKHE Manager (July 2012 - June 2021)
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
Direct interest in 1,145,388 Tai Sin shares

No deemed interest in Tai Sin shares
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Not Applicable
Present
Not Applicable
(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
Disclosure applicable to the appointment of Director only.
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
Not Applicable