Change - Announcement of Appointment::Appointment as a member of the Audit and Risk Committee

Issuer & Securities

Issuer/ Manager
TUAN SING HOLDINGS LIMITED
Securities
TUAN SING HOLDINGS LIMITED - SG2D13002373 - T24
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Feb-2024 17:53:51
Status
New
Announcement Sub Title
Appointment as a member of the Audit and Risk Committee
Announcement Reference
SG240202OTHR5W21
Submitted By (Co./ Ind. Name)
Leow May Cin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Cheng Hong Kok as a member of the Audit and Risk Committee.

Additional Details

Date Of Appointment
02/02/2024
Name Of Person
Cheng Hong Kok
Age
81
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
23/04/2021
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board having considered the recommendation of the Nominating Committee and assessed the qualification and experience of Mr Cheng Hong Kok, is satisfied that Mr Cheng Hong Kok is suitable for appointment as a member of the Audit and Risk Committee.
Whether appointment is executive, and if so, the area of responsibility
The appointment is non-executive. Mr Cheng Hong Kok will remain as a Non-Executive and Independent Director of the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Remuneration Committee
A member of the Audit and Risk Committee and Nominating Committee
Professional qualifications
- Bachelor of Science (Chemical Engineering) Degree with First Class Honours, University of London
- Advanced Executive Management Program, Kellogg Graduate School of Management, Northwestern University, United States of America
- Singapore State Scholar/Colonial Welfare and Development Scholar
- Eisenhower Fellow
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Mr Cheng's background and his past working experience is set out below:
- Held various senior positions at Singapore Petroleum Company Limited (SPC) as head of corporate planning, finance and accounting, supply and trading, and marketing and distribution. President and Chief Executive Officer of SPC from 1981 to 1996, Board and Executive Committee member of SPC from 1999 to 2009, and was actively involved in the Asean Council on Petroleum during his tenure with SPC
- Was an Independent Director of the Board and Chairman of the Audit and Risk Committee of Far East Orchard Ltd for many years until 2017
- Was a Non-Executive and Independent Chairman of the Board, Chairman of the Audit and Risk Committee and Nominating Committee and a member of the Remuneration Committee of SP Corporation Limited (SP), a subsidiary of the Company until SP was delisted from SGX on 23 December 2022
- Was a Board member of the Singapore Economic Development Board
- Was a Member of the Government Economic Planning Committee
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)
SP Corporation Limited
Present
Nil
(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 Cheng has been a director of the Company since 15 August 2017. In addition, Mr Cheng was previously an Independent Director of Far East Orchard Limited (listed on SGX) and Non-Executive and Independent Chairman of SP Corporation Limited (delisted from SGX on 23 December 2022).
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)
Not applicable.