Change - Announcement of Appointment::Appointment of Non-Executive Director - Mr Choo Kee Siong

Issuer & Securities

Issuer/ Manager
KIM HENG LTD.
Securities
KIM HENG LTD. - SG2G57000009 - 5G2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Aug-2022 17:31:10
Status
New
Announcement Sub Title
Appointment of Non-Executive Director - Mr Choo Kee Siong
Announcement Reference
SG220830OTHR5SKS
Submitted By (Co./ Ind. Name)
Tan Keng Siong Thomas
Designation
Executive Chairman & CEO
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive Director - Mr Choo Kee Siong

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Lee Khai Yinn (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
01/09/2022
Name Of Person
Choo Kee Siong (Zhu Qixiang)
Age
50
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 has reviewed the qualifications and experience of Mr Choo Kee Siong and following the recommendation of the Nominating Committee, is of the view that with Mr. Choo's qualifications and experience, he will be able to contribute positively to the Company. The Board has therefore approved the appointment of Mr Choo as a Non-Executive 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.)
Non-executive Director, Member of Audit and Risk Committee, Nominating Committee and Remuneration Committee
Professional qualifications
Bachelor's Degree in Business Management, Southern Illinois University
MBA, Dubuque University
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
2008-2018: Head of Global Business Development for Enterprise Banking (United Overseas Bank (Singapore))
2016-2021: UOB Representative and Investment Committee Member (Innoven Capital (Singapore))
2019-2021: Managing Director and Head of Industry Group for Commercial Banking (United Overseas Bank (Singapore))
2021 to Current: CEO and Managing Director (Hildrics Capital 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
Deemed interest of 124,999,600 shares through HAGF Investment (I) Pte. Ltd.
HAGF Investment (I) Pte. Ltd. is a wholly-owned subsidiary of Hildrics Asia Growth Fund VCC, a private equity fund managed by Hildrics Capital Pte. Ltd. on a discretionary basis in accordance with the operating and investment conditions and other terms of the investment management agreement under which Hildrics Capital Pte. Ltd. is appointed. The shareholders of Hildrics Capital Pte. Ltd. are Mr. Choo Kee Siong and Mr. Wee Teng Chuen, who each have a shareholding of 50%.
# 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)
Other Principal Commitments:
United Overseas Bank, Singapore
Innoven Capital (Singapore)

Present
Directorships:
Hildrics Capital Pte. Ltd.
Hildrics Asia Growth Fund VCC
HAGF Investment (III) Pte. Ltd.
HAGF Investment (I) Pte. Ltd
HAGF Investment (II) Pte. Ltd
Adera Global Smart Tech Pte. Ltd.

Other Principal Commitment:
Hildrics Capital Pte. Ltd.
(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
Mr. Choo Kee Siong will be receiving and completing the relevant training on the roles and responsibilities of a director of a listed company in Singapore within 1 year of his appointment.