Change - Announcement of Appointment::APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
SERRANO LIMITED
Securities
SERRANO LIMITED - SG1AD7000003 - 40R
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Nov-2015 18:11:46
Status
New
Announcement Sub Title
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Announcement Reference
SG151102OTHRFRMS
Submitted By (Co./ Ind. Name)
Winston Chia Wing Keong
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Serrano Limited (the "Company") and its contents have been reviewed by the Company's sponsor, United Overseas Bank Limited (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. The Sponsor and the SGX-ST 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 persons for the Sponsor are Mr Khong Choun Mun, Managing Director, Equity Capital Markets and Mr David Tham, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, Telephone: +65 6533 9898.

Additional Details

Date Of Appointment
02/11/2015
Name Of Person
Tan Tien Hin Winston
Age
67
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee of the Company ("NC") and the Board of Directors of the Company have reviewed, assessed and concluded that Mr. Tan Tien Hin Winston ("Mr. Tan"), with his extensive experience and networks, will be a valuable addition to the Company.

Having worked in Citibank for over 16 years, Deutsche Bank AG's Singapore branch for over 7 years and now sitting on the board of directors of several listed companies, including Singapore Technologies Engineering Ltd, Roxy-Pacific Holdings Limited and Plastoform Holdings Limited, Mr. Tan's broad business and professional experiences will enhance the core competencies of the Board. Mr. Tan is also able to provide valuable insight on risk management and internal controls as well as enhance the corporate governance practices of the Company and its subsidiaries (the "Group").

In addition, Mr. Tan's passion for carpentry and interior design puts him in a unique position to appreciate both the technical and business aspects of the Group's operations.

Mr. Tan has provided an undertaking to the Company as required under Rule 720(1) of the Catalist Rules.
Whether appointment is executive, and if so, the area of responsibility
The appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil.
Conflict of interests (including any competing business)
Nil.
Working experience and occupation(s) during the past 10 years
1997 - Current
Managing Director of Corporate Brokers International Pte. Ltd..

1995 - Current
Managing Director of Winmark Investments Pte. Ltd.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr. Tan and and his spouse, Ms. Lim Sioh Tin Amy each hold 50.0% of the issued and paid-up capital of Winmark Investments Pte Ltd ("Winmark"), and he is therefore deemed to have an interest in the 13,772,430 shares in the Company held by Winmark pursuant to Section 7 of the Companies Act, Cap 50. of Singapore. Mr. Tan is also deemed to have an interest in the 28,000,000 shares held by Sinbor Company (Private) Limited ("Sinbor") in the Company as Winmark holds 25.0% of the issued and paid-up share capital of Sinbor pursuant to Section 7 of the Companies Act, Cap 50. of Singapore.
# 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)
Refer to Appendix A
Present
Refer to Appendix A
(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?
Yes
If Yes, Please provide details of prior experience
- Pteris Global Limited
- Singapore Technologies Engineering Ltd
- Plastoform Holdings Limited
- Roxy-Pacific Holdings Limited

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