Change - Announcement of Appointment::Announcement of Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
KATRINA GROUP LTD.
Securities
KATRINA GROUP LTD. - SG1DA5000005 - 1A0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
11-Dec-2020 17:27:18
Status
New
Announcement Sub Title
Announcement of Appointment of Independent Director
Announcement Reference
SG201211OTHROSLD
Submitted By (Co./ Ind. Name)
Alan Goh Keng Chian
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange assumes 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 Ms Vera Leong, Vice President, Hong Leong Finance Limited, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, telephone (+65) 6415 9881.

Additional Details

Date Of Appointment
11/12/2020
Name Of Person
Mr Tan Juay Hiang
Age
58
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has reviewed and considered the qualifications and work experience of Mr Tan Juay Hiang and approved his appointment as an Independent Director, a Chairman of the Nominating Committee and the member of the Audit Committee and Remuneration Committee of the Company.

The Board further noted that Mr Tan Juay Hiang has resigned as a Senior Advisor to the Board of Directors and the Chief Executive Officer of ST Hospitality Pte. Ltd. with effect from 3 December 2020.

The Board considered Mr Tan Juay Hiang to be independent for the purpose of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Nominating Committee and the member of the Audit Committee and Remuneration Committee of the Company
Professional qualifications
Master in Business Administration - Nanyang Technological University
Bachelor of Engineering (Civil) - National University of Singapore
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)
No
Working experience and occupation(s) during the past 10 years
September 2020 - December 2020 ST Hospitality Pte. Ltd. - Senior Advisor to the Board of Directors and the Chief Executive Officer
January 2020 - July 2020 The Ascott - Managing Director, Investments REIT
July 2012 - December 2019 Ascendas Hospitality Fund Management Pte. Ltd. and Ascendas Hospitality Trust Management Pte. Ltd. - Chief Executive Officer and Executive Director
March 2010 - June 2012 Ascendas Pte Ltd - Senior Vice President, Real Estate Funds Management
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)
Ascendas China Fund Management Pte. Ltd.(Struck-off)
Ascendas China Commercial Fund Management Pte. Ltd. (Struck-off)
Ascendas Asia Fund Management Pte. Ltd.
Ascendas Malaysia Investments Pte. Ltd.(Struck-off)
Ascendas (AACF) Holdings Pte. Ltd. (Struck-off)
Ascendas India Development Trust Pte. Ltd.
Ascendas India Development I Pte. Ltd.(Struck-off)
Ascendas India Development II Pte. Ltd.
Ascendas India Development III Pte. Ltd.(Struck-off)
Ascendas India Development IV Pte. Ltd.
Dover AID V Pte. Ltd.
Ascendas India Development VII Pte. Ltd.
Ascendas India Development II Phase 1 Pte. Ltd.
Ascendas Japan Pte. Ltd.
Ascendas Hospitality Fund Management Pte. Ltd.
Ascendas Hospitality Japan 2 Pte. Ltd.
Ascendas Hospitality Japan 3 Pte. Ltd.
Ascendas Hospitality Trust Management Pte. Ltd.
Beijing Sanyuan Hospitality Pte. Ltd.
Ascendas India Joint Investments Co Pte. Ltd.
Ascendas Hospitality Australia Investments Pte. Ltd.
Ascendas Namba 1 Pte. Ltd.
Ascendas Namba 2 Pte. Ltd.
Ascendas Namba 3 Pte. Ltd.
Ascendas Hospitality MTN Pte. Ltd.
Information Technology Park Investment Pte Ltd
Ascendas (Malaysia) Pte. Ltd.
Ascendas (ACIBPF) Holdings Pte. Ltd.
AIDT2 Fund Management Pte. Ltd.
Ascendas Hospitality Holdings Pte. Ltd.
Ascendas Hospitality Trustee Pte. Ltd.
Present
Armenian Office Pte. Ltd.
Homebuyers Trust Private Limited
Homebuy Solutions Private Limited
(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 Director of Ascendas Hospitality Fund Management Pte. Ltd. and Ascendas Hospitality Trust Management Pte. Ltd. that
managed the Ascendas Hospitality Trust that was listed on SGX-ST from July 2012 to December 2019
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)
NA