Change - Announcement of Appointment::Appointment of Independent Director - Mr Lim Chee San

Issuer & Securities

Issuer/ Manager
GS HOLDINGS LIMITED
Securities
GS HOLDINGS LIMITED - SG1CF0000001 - 43A
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
14-Oct-2022 17:58:47
Status
New
Announcement Sub Title
Appointment of Independent Director - Mr Lim Chee San
Announcement Reference
SG221014OTHR9KHP
Submitted By (Co./ Ind. Name)
Pang Pok
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Lim Chee San as Independent Director of the Company.

This announcement has been prepared by GS Holdings Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes 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 Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Date Of Appointment
17/10/2022
Name Of Person
Lim Chee San
Age
62
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)
The Board of Directors of the Company (the "Board"), having considered the recommendation of the Nominating Committee, and having assessed Mr Lim Chee San ("Mr Lim")'s qualifications, experience and suitability, is of the view that he has the requisite experience and capabilities to assume the duties and responsibilities as an Independent Director of the Company and consider him to be independent for the purpose of Rule 704(7) of the Catalist Rules.

Notwithstanding that Mr Lim currently holds more than five (5) board appointments in listed companies, Mr Lim has confirmed that he will be able to manage his schedule and commitments to ensure that he is able to carry out his duties adequately as a Director of the Company, and where applicable, he has obtained all relevant approval(s) from such listed companies to hold the current appointment as an Independent Director 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.)
Independent Director, Chairman of the Remuneration Committee, member of Audit and Risks Committee and Nominating Committee
Professional qualifications
Member - The Chartered Association of Certified Accountants
Member - Institute of Singapore Chartered Accountants
Member - British Computer Society
Bachelor of Law (Honours) - University of London
Barrister-at-Law - Lincoln's Inn (England)
Advocate & Solicitor - Supreme Court of Singapore
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2004 to Present - Director of Panaudit Business Services Pte Ltd
2005 to Present - Partner of TanLim Partnership
2008 to Present - Director of Rees Property Consultants Pte Ltd
2010 to Present - Director of Pan Services 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)
1. Hupsteel Limited - Board Independent Chairman
2. Soon Lian Holdings Limited - Independent Director
Present
1. Allied Technologies Limited - Independent Director, Board Chairman and Chairman of Audit Committee
2. Singapore Kitchen Equipment Limited - Independent Director and Board Chairman
3. Colex Holdings Limited - Independent Director and Chairman of Audit Committee
4. Blackgold Natural Resources Limited - Independent Director and Chairman of Audit Committee
5. Gallant Venture Ltd - Independent Director
6. Chemical Industries (Far East) Limited - Independent Director
7. 4Ward Pte Ltd - Director
8. Panaudit Business Services Pte Ltd - Director
9. Rees Property Consultants Pte Ltd - Director
10. Pan Services Pte Ltd - Director
(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?
Yes
If Yes, Please provide full details
Mr Lim has been the subject of a past complaint to the Law Society of Singapore about conflict of interest. The complaint was dismissed at the Inquiry Committee Stage in May 2018. Save for the above, there has been no investigation against Mr Lim. Hence, Mr Lim has not been the subject of any current or past disciplinary proceeding and has not been reprimanded or issued any warnings by the Monetary Authority of Singapore or any other regulatory authority, SGX-ST, professional body or government agency, whether in Singapore or elsewhere.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
1) Former Chairman and Independent Director of Sky One Holdings Limited before it was the subject of a reverse takeover and now known as Resources Prima Group Limited
2) Former Chairman and Independent Director of Hupsteel Limited before it was privatised
3) Former Independent Director of Soon Lian Holdings Limited
4) Current Independent Director of Colex Holdings Limited
5) Current Independent Director of Blackgold Natural Resources Limited
6) Current Chairman and Independent Director of Singapore Kitchen Equipment Limited
7) Current Independent Director of Chemical Industries (Far East) Limited
8) Current Independent Director of Gallant Venture Ltd
9) Current Chairman and Independent Director of Allied Technologies 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