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

Issuer & Securities

Issuer/ Manager
GRP LIMITED
Securities
GRP LTD - SG1CD2000004 - BLU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Feb-2024 11:18:54
Status
New
Announcement Sub Title
Appointment of Non-Independent Non-Executive Director
Announcement Reference
SG240203OTHRPEZX
Submitted By (Co./ Ind. Name)
Teo Tong How
Designation
Chairman and Independent Non-Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Independent Non-Executive Director of the Company, Mr Kwan Chee Seng ("Mr Kwan").

Additional Details

Date Of Appointment
02/02/2024
Name Of Person
Kwan Chee Seng
Age
66
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Save for Mr Colin Tay, the Board of Directors are unanimous, having considered the recommendation of the Nominating Committee and having reviewed and considered the professional qualifications, expertise, work experience and suitability of Mr Kwan, and approved his appointment as Non-Independent Non-Executive Director of the Company with effect from 2 February 2024
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-Independent Non-Executive Director
Professional qualifications
Nil
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
Yes. Mr Kwan is the brother of Mr Kwan Chee Hong, the General Manager, Property Division of the Company.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2013 to 2023: Executive Director of GRP Limited
2016 to present: Non-Executive Director of Luminor Financial Holdings Limited
2013 to present: Non-Executive Director of Luminor Capital Pte Ltd
2001 to present: Managing Director of Van der Horst Holdings Pte Ltd
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?
Yes
Shareholding Details
Mr Kwan holds 64,064,440 (35.55%) of shares in GRP Limited.
# 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)
Variscan Mines Limited
Luminor Harbour Fund 1 Pte Ltd (struck off)
Rumah Kami Sdn Bhd
GRP Developments Sdn Bhd
GRP Project Management Sdn Bhd
VDH Land Sdn Bhd
Present
Luminor Financial Holdings Limited
GRP Dormitories Pte. Ltd.
GRP Tangshan Trading Co Ltd
GRP Chongqing Land Pte Ltd
GRP Hua Kai (S) Pte. Ltd.
Multiple Lodge Sdn Bhd
Starland Axis Pte. Ltd.
Starland Commercial Trading Pte. Ltd.
Luminor Capital Pte Ltd
Luminor Pacific Fund 1 Ltd (in liquidation)
Luminor Pacific Fund 2 Ltd (in liquidation)
Luminor Capital (Malaysia) Sdn Bhd
Dalian Van Der Horst Marine Engineering Co Ltd
Van Der Horst Holdings Pte. Ltd.
Van Der Horst Limited
Van Der Horst Technologies Phils. Inc
VDH Land Inc
(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 Kwan has been Director of GRP Limited and Luminor Financial Holdings Limited.
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.