Change - Announcement of Appointment::Appointment of Mr Ng San Tiong as Non-Executive Director and Audit & Remuneration Committees Member

Issuer & Securities

Issuer/ Manager
CSC HOLDINGS LIMITED
Securities
CSC HOLDINGS LTD - SG1F84861094 - C06
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Jul-2021 18:02:43
Status
New
Announcement Sub Title
Appointment of Mr Ng San Tiong as Non-Executive Director and Audit & Remuneration Committees Member
Announcement Reference
SG210730OTHRIDRT
Submitted By (Co./ Ind. Name)
See Yen Tarn
Designation
Director & Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Ng San Tiong as Non-Executive Director of the Company and a member of the Audit Committee and Remuneration Committee.

Additional Details

Date Of Appointment
02/08/2021
Name Of Person
Ng San Tiong
Age
68
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Having reviewed and considered the qualification, work experience and suitability of Mr Ng San Tiong ("Mr Ng"), nominated by TH Investments Pte Ltd ("THI"), a controlling shareholder of the Company, and taking into account his extensive experience in the heavy equipment and plant hiring business, the Board of Directors (the "Board"), with the recommendation of the Nominating Committee, approved the appointment of Mr Ng as a Non-Executive Director of the Company with effect from 2 August 2021. The Board is of the view that Mr Ng is suitable for the role and he will be able to contribute positively to the Company.

Mr Ng is also appointed a member of the Audit Committee and Remuneration Committee.
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 Director and a member of the Audit Committee and Remuneration Committee.
Professional qualifications
Bachelor of Science (Honours) Degree from University of Technology Loughborough (United Kingdom).
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
1. THI, a controlling shareholder of the Company, owns 1,092,727,509 shares, representing 30.63% of the issued share capital of the Company.

THI is a wholly-owned subsidiary of Tat Hong Investments Pte Ltd, which is a wholly-owned subsidiary of Chwee Cheng & Sons Pte Ltd ("CCSPL"). Being joint trustees of the Chwee Cheng Trust, which holds 39.5% of the issued share capital of CCSPL, each of the trustees, namely Mr Ng, Mr Ng Sun Ho Tony, Mr Ng San Wee David and Mr Ng Sun Giam Roger, is deemed to have an interest in 1,092,727,509 shares of the Company held by THI through nominee accounts.

2. Mr Ng is a controlling shareholder of the Company and he is the brother of Mr Ng Sun Ho Tony, Mr Ng San Wee David and Mr Ng Sun Giam Roger, controlling shareholders of the Company.

3. Mr Ng is the son of Mr Ng Chwee Cheng, a substantial shareholder of the Company.

4. Mr Ng is the brother of Mr Ng Sun Oh, the Managing Director of the Company's subsidiaries, ICE Far East Group (comprising ICE Far East Pte Ltd and all its subsidiaries).

5. Mr Ng is a Director of THI and also a Director and the Managing Director of CCSPL.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
1991-Present:

Mr Ng has been the Managing Director and Group Chief Executive Officer of Tat Hong Holdings Ltd, since 25 October 1991 to present.
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?
Yes
Shareholding Details
Aggregate deemed interest in the Company - 1,116,648,503 shares (see notes below)

Notes:
1. Mr Ng is deemed to have an interest in 1,092,727,509 shares of the Company held by THI through nominee accounts.

2. Mr Ng is also deemed to have an interest in 23,920,994 shares of the Company held through his nominee accounts.
# 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)
Please refer to Annex A.
Present
Please refer to Annex B.
(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 Ng is currently a non-executive director and deputy chairman of Yongmao Holdings Limited (listed on Singapore Stock Exchange) and an alternate director of Intraco Limited (listed on Singapore Stock Exchange).

Mr Ng is also an executive director of Tat Hong Holdings Ltd (delisted from Singapore Stock Exchange on 20 July 2018).

He was a non-executive director of CSC Holdings Limited (25 September 2002 to 4 March 2016).
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)
N/A.

Attachments

Annex A of Annct_Ng San Tiong_Past Directorship.pdf
Annex B of Annct_Ng San Tiong_Present Directorship.pdf
Total size =164K