Change - Announcement of Appointment::Appointment of Chief Executive Officer

Issuer & Securities

Issuer/ Manager
ELLIPSIZ LTD
Securities
ELLIPSIZ LTD - SG1CA2000000 - BIX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
08-Aug-2018 17:36:01
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer
Announcement Reference
SG180808OTHR9SQD
Submitted By (Co./ Ind. Name)
Chng Hee Kok
Designation
Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Executive Officer

Additional Details

Date Of Appointment
08/08/2018
Name Of Person
Lum Wen-Sum Kelvin
Age
43
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Kelvin Lum has been Executive Director of the Company since 1 March 2016 and is responsible for the business development and investment functions of the Group. Since early this year, Mr Lum's role was expanded to cover the operations and corporate affairs of the Group. The Nominating Committee ("NC") is of the view that Mr Lum is a suitable candidate for the role of Chief Executive Officer and has recommended his appointment to the Board of Directors (the "Board"). The Board concurred with the NC's recommendation and approved his appointment.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. As Chief Executive Officer, Mr Kelvin Lum will provide leadership to management and oversee the operations of the Group. He will be responsible for charting the Group's corporate directions and implementing growth strategies, including managing its investment activities.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
(1) Son of Mr David Lum Kok Seng, the legal and beneficial owner of Bevrian Pte Ltd, a substantial shareholder of the Company.
(2) Brother of Mr Adrian Lum Wen-Hong, a Non-Independent Non-Executive Director of the Company.
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
November 2016 to present
Non-Independent Non-Executive Director
Lum Chang Holdings Limited

March 2016 to August 2018
Executive Director
Ellipsiz Ltd

November 2015 to present
Consultant
Lum Chang Holdings Limited

April 2015 to October 2015
Executive
LCD Global Investments Ltd

August 2011 to April 2015
Managing Director
LCD Global Investments Ltd

August 2010 to July 2011
Deputy Managing Director
LCD Global Investments Ltd

May 2008 to August 2010
Executive Director
LCD Global Investments 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)
Please refer to the attachment.
Present
Please refer to the attachment.
(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
Director, Lum Chang Holdings Limited, November 2016 to present
Director, Ellipsiz Ltd, March 2016 to present
Director, LCD Global Investments Ltd, May 2008 to April 2015

Attachments

Kelvin Lum_Present Directorships.pdf
Kelvin Lum_Past Directorships.pdf
Total size =95K