Change - Announcement of Appointment::RE-DESIGNATION OF MR CHUA KIM HUA FROM EXECUTIVE CHAIRMAN TO NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN

Issuer & Securities

Issuer/ Manager
KING WAN CORPORATION LIMITED
Securities
KING WAN CORPORATION LIMITED - SG1J32888328 - 554
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Jul-2022 17:24:39
Status
New
Announcement Sub Title
RE-DESIGNATION OF MR CHUA KIM HUA FROM EXECUTIVE CHAIRMAN TO NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN
Announcement Reference
SG220701OTHR47NA
Submitted By (Co./ Ind. Name)
CHUA ENG ENG
Designation
MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)
RE-DESIGNATION OF MR CHUA KIM HUA FROM EXECUTIVE CHAIRMAN TO NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN

Additional Details

Date Of Appointment
08/02/2000
Name Of Person
CHUA KIM HUA
Age
82
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
30/07/2019
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mr Chua Kim Hua has notified both the Nominating Committee and the Board of his intention to relinquish his existing executive position and to re-designate his existing position from Executive Chairman to Non-Independent Non-Executive Chairman.

The Nominating Committee and the Board, having considered the request from Mr Chua Kim Hua, has acceded to his request. Mr Chua Kim Hua will remain on the Board and re-designated as Non-Independent Non-Executive Chairman of the Company.
Whether appointment is executive, and if so, the area of responsibility
N.A.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Chairman
Professional qualifications
N.A.
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
a) Brother of Chua Hai Kuey (Director)
b) Father of Chua Eng Eng (Director)
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
Present:
Director of King Wan Group of Companies
Director of Xylem Investments Pte Ltd
Past:
Director of Chua Kim Hua Investments Pte Ltd
Director of Singapore Wonder Foods 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
88,226,638
# 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)
Chua Kim Hua Investments Pte Ltd
Singapore Wonder Foods Pte Ltd
Present
King Wan Group of Companies
Xylem Investments 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
Executive Chairman of King Wan Corporation Limited