Change - Announcement of Appointment::APPOINTMENT OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
FULL APEX (HOLDINGS) LIMITED
Securities
FULL APEX (HOLDINGS) LIMITED - BMG3687W1148 - BTY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Mar-2021 20:58:17
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT DIRECTOR
Announcement Reference
SG210301OTHR6B7M
Submitted By (Co./ Ind. Name)
Guan LingXiang
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Er Kwong Wah as Independent Director of the Company.

Additional Details

Date Of Appointment
01/03/2021
Name Of Person
Er Kwong Wah
Age
74
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board, having considered the recommendation of the Nominating Committee, and having assessed the experience of Mr. Er Kwong Wah, in particular his experiences on listed companies, is of the view that Mr. Er has the requisite experience and capabilities to assume the duties and role of an Independent Director of the Company and contribute effectively to the Company.

Upon the appointment of Mr. Er Kwong Wah as an Independent Director of the Company, Mr. Er will be appointed as a Chairman of Compensation Committee and Nominating Committee as well as a member of the Audit Committee.

Mr. Er Kwong Wah is considered independent pursuant to Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-ST").
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Compensation Committee and Nominating Committee and a member of the Audit Committee.
Professional qualifications
Master of Business Administration and Bachelor of Science
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
No
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
Executive Director of a private Education Institution and Independent director of several public companies in Singapore.
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
# 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. Firstlink Investments Corporation Limited
2. Glopeak Land Pte Ltd
3. Singatronics Investment Pte Ltd
4. Glopeak Properties and
Hotels Pte Ltd
5. Exquisite Concierge Pte Ltd (fka Glopeak Investment Pte Ltd)
6. Firstlink Capital Pte Ltd
7. Firstlink Investment Advisory
Pte Ltd
8. Keluarga International Pte Ltd
9. Infinity Capital Partners (S)
Pte Ltd
10. GKE Corporation Limited
11. East Asia Institute Management Pte Ltd
12. China Environment Ltd
13. China Dongyuan Environment Pte Ltd
14. Success Dragon International Holdings Ltd (in Hong Kong)
15. Raffles Institution (S) Pte Ltd
16. Raffles Junior College (S) Pte Ltd
17. USP Group Limited
18. China Essence Group Ltd (delisted on 14 February 2020)(in Cayman Island)
Present
1. COSCO Shipping International (Singapore) Co., Ltd.
2. CFM Holdings Limited
3. The Place Holdings Limited
4. ecoWise Holdings Limited
5. Chaswood Resources Holdings Ltd
6. Luxking Group Holdings Limited
7. The Thai Prime Fund Limited
8. RHT Training Institute 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?
Yes
If Yes, Please provide full details
Mr. Er Kwong Wah was an Independent Non-Executive Director of China Sky Chemical Fiber Co., Ltd which has been placed under the judicial management of a judicial manager pursuant to an order made by the Court under Section 227B and the provisions of Part VIIIA of the Companies Act.
(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
In 2011, the Board of Directors of China Sky Chemical Fibre co., Ltd, including Mr. Er who was an Independent Director, were reprimanded by the Singapore Exchange for the Directors' disregard of the Singapore Exchange Directive to engage an Special Auditor to investigate the company on issues related to interested party transaction, high cost of equipment maintenance, and the purchase of land.
(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
The whole Board of Director of China Sky Chemical Fiber Co., Ltd., including Mr. Er Kwong Wah was reprimanded by SGX on 16 December 2011 and was subsequently placed in the Director Watchlist due to certain noncompliance of SGX's directives by China Sky Chemical Fiber Co., Ltd. Mr. Er Kwong Wah was an Independent Non-Executive Director. The non-compliance concerned the appointment of a Special Auditors.

Mr. Er Kwong Wah has subsequently been removed from the Director Watchlist by SGX on 24 July 2018.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr. Er has been an Independent Director of public listed companies during the past 10 years. Please see Past and Current directorships above.