Change - Announcement of Appointment::Appointment of Director and Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
NEW TOYO INTERNATIONAL HOLDINGS LTD
Securities
NEW TOYO INT HLDGS LTD - SG1E32850828 - N08
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Sep-2016 19:09:59
Status
New
Announcement Sub Title
Appointment of Director and Non-Executive Chairman
Announcement Reference
SG160901OTHR4A8H
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Director and Non-Executive Chairman

Additional Details

Date Of Appointment
01/09/2016
Name Of Person
Yen Wen Hwa
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 ("NC") had reviewed the working experience of Mr Yen Wen Hwa and recommended his appointment. The Board having considered the NC's recommendation, approved his appointment as a Director and Non-Executive Chairman of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director and Non-Executive Chairman
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Yen Wen Hwa is the controlling shareholder with his 51.86% equity interest in the Company.
Conflict of interests (including any competing business)
Deemed interested by virtue of his shareholdings in Yen & Son Holdings Pte Ltd, a major shareholder of the Company.
Working experience and occupation(s) during the past 10 years
Mr Yen Wen Hwa ("Mr Yen") was appointed as the Executive Chairman of Tien Wah Press Holdings Berhad ("TWPH") on 16 February 2015. He had earlier served as the Chief Executive Officer of TWPH from 1 September 2010 to 31 December 2011.

He is the founder of New Toyo Group and served as the Managing Director and Chairman of the Board of the Company until 30 September 2011. He also served as a Non-Independent Non-Executive Director of Shanghai Asia Holdings Ltd. from 10 February 2004 up to 1 May 2012.

Mr Yen has over 40 years of experience in the paper conversion and packaging industry.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest - 139,959,164 ordinary shares
Deemed Interest - 87,910,517 ordinary shares
# 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)
Nil
Present
1. Tien Wah Press Holdings Berhad
2. Yen & Son Holdings Pte Ltd
3. New Toyo Pulppy (Vietnam) Co Ltd
4. Greeting Tomt Limited
5. New Toyo Pulppy (Hong Kong) Ltd
6. Asia Regal Enterprises Ltd
7. Benline Investment Holdings Pte. Ltd.
8. New Toyo Adelaide Pty Ltd
9. Anzpac Services (Australia) Pty Ltd
10. Toyoma Aluminium Foil Packaging Sdn Bhd
11. Full Chain Limited
12. Wan Bao Sdn Bhd
13. Penthouse Club & Karaoke Sdn Bhd
14. Benline Enterprise Sdn Bhd
15. Pulppy International (Hong Kong) Ltd
16. Lum Chang Tien Wah Property Sdn Bhd
17. Vina Toyo Co., Ltd
18. New Ocean World Fine Food City Sdn Bhd
(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
- Managing Director and Chairman of the Company until 30 September 2011.
- Non-Independent and Non-Executive Director of Shanghai Asia Holdings Ltd. from 10 February 2004 up to 1 May 2012.
- Currently the Executive Chairman of Tien Wah Press Holdings Berhad listed in Malaysia.

Attachments

NTIH_Changes to the Board of Directors and Key Management.pdf
Total size =41K