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

Issuer & Securities

Issuer/ Manager
CHEUNG WOH TECHNOLOGIES LTD
Securities
CHEUNG WOH TECHNOLOGIES LTD - SG1M94907805 - C50
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-Oct-2019 17:32:25
Status
New
Announcement Sub Title
Appointment of Chief Executive Officer
Announcement Reference
SG191010OTHRY4YS
Submitted By (Co./ Ind. Name)
Law Yu Chui
Designation
Director
Description (Please provide a detailed description of the event in the box below)
The Board of Directors (the "Board") of Cheung Woh Technologies Ltd (the "Company", together with its subsidiaries, collectively the "Group") wishes to announce the appointment of Mr Law Kung Ming as Chief Executive Officer ("CEO") of the Company with effect from 29 February 2020 following the retirement of Mr Law Kung Ying as CEO and Managing Director effective 28 February 2020.

Mr Law Kung Ming is currently the Managing Director of Cheung Woh Technologies (Malaysia) Sdn Bhd and Executive Director of the Company.

Subsequently, the composition of the Company's Board of Directors on 29 February 2020 will be as follow:

Board of Directors:
Mr Law Kung Ying - Non-Executive Director Non-Independent Director and Chairman of the Board
Mr Law Kung Ming - CEO and Executive Director
Dr Chen Yuk Fu - Lead Independent Director
Mr Lim Kian Wee Leonard - Independent Director
Mr Ngu Kuang Hua - Independent Director

Additional Details

Date Of Appointment
29/02/2020
Name Of Person
Law Kung Ming
Age
64
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
29/06/2017
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Law Kung Ming is currently the Managing Director of Cheung Woh Technologies (Malaysia) Sdn Bhd and heads the sales and marketing department and responsible for the overall operations of Precision Metal Stamping Components Segment. The Nominating Committee ("NC") had reviewed the qualifications, experience and expertise of Mr Law Kung Ming and recommended his appointment.

The Board having considered the recommendation from the NC, approved the appointment of Mr Law Kung Ming as Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
Yes. Mr Law Kung Ming's appointment is executive. He is responsible for the strategic development of the Group, devises and implements strategic business plans and identifies new markets, products and customers.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer and Executive Director.
Professional qualifications
N.A.
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
Mr Law Kung Ming is a brother of Mr Law Kung Ying (Non-Executive and Non-Independent Director and Chairman of the Board) and Ms Law Yu Chui (Executive Director). He is a son of Lee Hang Ngok (Substantial Shareholder). Uncle of Mr Christopher Law Tak Heem, Ms Tan Hai Ting and Mr Tan Hai Yin and father of Mr Law Tak Lun.
Conflict of interests (including any competing business)
No.
Working experience and occupation(s) during the past 10 years
Managing Director of Cheung Woh Technologies (Malaysia) Sdn Bhd.
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
Direct interest of 10,419,600 ordinary shares in the Company.
# 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)
Suzhou Tysan Steel Co., Ltd.
Present
Cheung Woh Technologies (Johor) Sdn. Bhd.
Cheung Woh Technologies (Malaysia) Sdn. Bhd.
Cheung Woh Precision (Zhuhai) Co., Ltd
Cheung Woh Technologies (Zhuhai) Co., Ltd
Nexsuss Holdings Pte. Ltd.
Cheung Woh International (Macao Commercial Offshore) Company 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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Director of Cheung Woh Technologies Ltd.

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