Change - Announcement of Appointment::Re-designation of Group Chief Financial Officer as Chief Executive Officer (China)

Issuer & Securities

Issuer/ Manager
CHASWOOD RESOURCES HOLDINGS LTD.
Securities
CHASWOOD RESOURCES HLDGS LTD. - SG2E59979590 - 5TW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
20-Jul-2015 17:57:13
Status
New
Announcement Sub Title
Re-designation of Group Chief Financial Officer as Chief Executive Officer (China)
Announcement Reference
SG150720OTHR30AV
Submitted By (Co./ Ind. Name)
Andrew Roach Reddy
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Mr. Kek Poh Hean has been re-designated from the position as Group Chief Financial Officer to Chief Executive Officer (China), to undertake the business operation of the Company's China-incorporated subsidiaries.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").

The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST and Sponsor assume 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 Eric Wong (Director, Investment Banking), CIMB Bank Berhad, Singapore Branch, 50 Raffles Place #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.

Additional Details

Date Of Appointment
20/07/2015
Name Of Person
Kek Poh Hean
Age
39
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Kek Poh Hean has been involved and is familiar with the business operation of the Company's subsidiaries in China.

In line with the Company's further business expansion in China following the completion of the acquisition of China subsidiaries, the Board has re-designated and appointed Mr Kek Poh Hean as the Chief Executive Officer (China) to oversee the Company's business operation in China. The appointment was considered after taking into consideration Mr Kek's capabilities and familiarity with the Company's business operation in China.
Whether appointment is executive, and if so, the area of responsibility
Executive. To oversee the overall management and operational matters of the Company's business and operations in China.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer (China)
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
16 May 2012 to 19 July 2015
Group Chief Financial Officer of the Company

2007 to 2012
Chief Financial Officer at China Fibretech Ltd.

2006 to 2007
Chief Financial Officer at China KL International Ltd.

2005 to 2006
Manager (Performance Improvement) at PricewaterhouseCoopers Singapore

2004 to 2005
Finance Manager at Wearnes Automotive and Equipment Pte Ltd.

1999 to 2004
Assistant Manager at PricewaterhouseCoopers Singapore
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)
Nil
Present
(i) Chaswood Sino Pte. Ltd.
(ii) Chaswood Restaurant Management Shanghai Co., 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 a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Not applicable as the appointment relates to Chief Executive Director (China) and Mr Kek Poh Hean is not being appointed a director of the Company.