Change - Announcement of Appointment::Re-designation of Director from Executive Chairman to Non-Executive Chairman of the Board

Issuer & Securities

Issuer/ Manager
MARY CHIA HOLDINGS LIMITED
Securities
MARY CHIA HOLDINGS LIMITED - SG1Y51946677 - 5OX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Aug-2017 00:18:40
Status
New
Announcement Sub Title
Re-designation of Director from Executive Chairman to Non-Executive Chairman of the Board
Announcement Reference
SG170825OTHRUKA8
Submitted By (Co./ Ind. Name)
Ho Yow Ping (He YouPing)
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Mary Chia Holdings Limited (the Company ) and its contents have been reviewed by the Company s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the Sponsor ) for compliance with the Singapore Exchange Securities Trading Limited (the SGX-ST ) Listing Manual Section B: Rules of Catalist. The Sponsor has not 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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg)

Additional Details

Date Of Appointment
24/08/2017
Name Of Person
Chia Ah Tow Mary
Age
67
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Following the disposal of her shareholding interest in the Company, Ms Chia Ah Tow Mary ( Ms Chia ) has resigned from her position as the Executive Chairman of the Company and from all executive positions within the Group with immediate effect. Ms Chia has been re-designated as the Non-Executive Chairman of the Company. Ms Chia shall also resign as a director of the Company with effect from the day immediately after the close of the offer. (Please refer to the offer announcement dated 24 August 2017)

Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
April 2009 to Present Executive Chairman of Mary Chia Holdings Limited

Since 1994, she is the Executive Chairman and founder of Mary Chia Beauty & Slimming Specialist 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?
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)
MARY CHIA BEAUTY & SLIMMING SPECIALIST PTE LTD
URBAN HOMME FACE AND BODY STUDIO FOR MEN PTE. LTD.
MARY CHIA BEAUTY & SLIMMING SPECIALIST (ORCHARD) PTE. LTD.
MCU INVESTMENT HOLDINGS PTE. LTD.
SPA MENU PTE. LTD.
MCU TRADING PTE. LTD.
ORGANICA INTERNATIONAL PTE. LTD.
SCINN PTE. LTD.
MSB BEAUTY PTE. LTD.
MCAT INVESTMENT HOLDINGS PTE. LTD.
MCU HOLDINGS SDN. BHD.
ORGANICA INTERNATIONAL (M) SDN BHD
Present
MARY CHIA HOLDINGS 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 a listed company?
Yes
If Yes, Please provide details of prior experience
Ms Mary Chia was the Executive Chairman of Mary Chia Holdings Limited since its listing on 11 August 2009.