Change - Announcement of Appointment::Promotion of Group Financial Controller to Chief Financial Officer

Issuer & Securities

Issuer/ Manager
Q & M DENTAL GROUP (SINGAPORE) LIMITED
Securities
Q & M DENTAL GROUP (S) LIMITED - SG2E73981531 - QC7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
23-Feb-2022 07:33:59
Status
New
Announcement Sub Title
Promotion of Group Financial Controller to Chief Financial Officer
Announcement Reference
SG220223OTHRNZ5I
Submitted By (Co./ Ind. Name)
Dr Ng Chin Siau
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Promotion of Group Financial Controller to Chief Financial Officer

Additional Details

Date Of Appointment
07/05/2022
Name Of Person
Ng Sook Hwa
Age
51
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Audit Committee ("AC") and Nominating Committee ("NC") having reviewed Ms Ng Sook Hwa's ("Ms Ng") qualification and working experience, and having witnessed her professional conduct and behaviour through the years, is of the view that Ms Ng has the requisite qualification, experience and capabilities to assume the role of the Chief Financial Officer.

Ms Ng has been the Company's Group Financial Controller since 1 June 2011. She joined the Company since 22 March 2002.

The Board, having considered the recommendation of the AC and NC, approved the promotion of Ms Ng to take over the role of the Chief Financial Officer after Mr Sim Yu Xiong's retirement.
Whether appointment is executive, and if so, the area of responsibility
Executive. Area of responsibilities:

- Oversee financial and management reporting function;
- Financial planning, revenue and cash flow forecast budgeting and analysis;
- Mergers & acquisitions and joint ventures;
- Evaluate and analyse potential investment feasibility and return;
- Equity and debt funding;
- Risk management;
- Corporate restructuring and treasury management;
- Corporate governance & management compliance;
- Statutory audit & internal audit;
- Internal controls and accounting systems transformation;
- Tax planning and compliance;
- Interested Party Transactions (IPT);
- Corporate secretary; and
- Investor relations.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Professional qualifications
- Bachelor of Commerce, Finance & Marketing (with Distinction) from Curtin University of Technology
- Master of Accounting from Curtin University of Technology
- Member of CPA Australia
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
Ms Ng is (1) a sister of Dr Ng Chin Siau, the Company's Group Chief Executive Officer; (2) a sister-in-law of Foo Siew Jiuan, the Company's General Manager; and (3) the wife of San Yi Leong, the Deputy CEO and Executive Director of Aoxin Q & M Dental Group Limited, an associate of the Company.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
- Q & M Dental Group (Singapore) Limited, Group Financial Controller from 1 June 2011 to present
- Q & M Dental Group (Singapore) Limited, Deputy Group Financial Controller, from 1 January 2008 to 31 May 2011
- Q & M Dental Group (Singapore) Pte Ltd, Finance Manager, from 22 March 2002 to 31 December 2007
- KPMG, second year graduate assistant, from October 2000 to February 2002
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
109,200 ordinary shares of the Listed Issuer.
# 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. Aoxin Q & M Dental Group Limited
2. Q & M Dental (Shenyang) Pte. Ltd.
Present
1. TP Dental Surgeons Pte. Ltd.
2. Tiong Bahru Dental Surgery Pte. Ltd.
3. Bright Smile Dental Surgery Pte. Ltd.
4. Q & M Dental (Shanghai) Pte. Ltd.
5. Q & M Dental Holdings (Shenzhen) Pte. Ltd.
6. Q & M Professionals Holding Pte. Ltd.
7. Q & M Dental Holdings (Malaysia) Pte. Ltd.
8. Q & M Free Dental Clinic 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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Not Applicable
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