Change - Announcement of Appointment::Appointment of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
ST GROUP FOOD INDUSTRIES HOLDINGS LIMITED
Securities
ST GROUP FOOD IND HLDG LIMITED - SGXE58705265 - DRX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Oct-2024 22:24:06
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG241029OTHRTZ0S
Submitted By (Co./ Ind. Name)
Lim Kok Meng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's Sponsor, Hong Leong Finance Limited. It has not been examined or approved by 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 Vera Leong, Vice President, Hong Leong Finance Limited, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, telephone (+65) 6415 9881.

Additional Details

Date Of Appointment
30/10/2024
Name Of Person
YEE BOON YIP
Age
46
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 Nominating Committee (the "NC") of the Company, having reviewed Mr Yee's educational background, professional qualifications and working experience, is of the view that Mr Yee has the necessary qualifications, working experience and ability to contribute to the Company, and thus recommended to the Board that Mr Yee be appointed as a Non-Executive and Independent Director.

In light of the reasons above and having considered the recommendation of the NC, the Board has approved the appointment of Mr Yee as a Non-Executive and Independent Director of the Company. Further to this, the Board considers Mr Yee to be independent for the purposes of Rule 704(7) of the Catalist Rules.
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 and Independent Director and member of the Remuneration Committee, Nominating Committee and Audit Committee
Professional qualifications
- Fellow, Association of Chartered Certified Accountants, UK
- Chartered Accountant (Singapore & ASEAN)
- Member, Institute of Singapore Chartered Accountants
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
From Oct 2022 to present
Director (corporate advisory), Moores Rowland Corporate Advisory Pte. Ltd.

From Oct 2022 to present
Director (corporate advisory), Moores Rowland Solutions Pte. Ltd.

From Jan 2021 to present
Partner (audit technical & practice management), MRI Moores Rowland LLP

From May 2017 to Dec 2020
Director (audit technical), MRI Moores Rowland LLP

From Sep 2017 to Sep 2021
Independent non-executive director, International Houseware Retail Company Limited (Hong Kong)

From May 2017 to Feb 2022
Partner (overseeing transition to MRI Moores Rowland LLP), MT & Partners LLP

From May 2013 to April 2017
Partner (audit technical), MT & Partners LLP
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)
Directorships
1. INTERNATIONAL HOUSEWARE RETAIL COMPANY LIMITED (HONG KONG)
2. MOORES ROWLAND AIB CORPORATE FINANCE PTE. LTD.
3. TRAD3MARK ASIA SG PTE. LTD.
4. PAFU IP HOLDINGS PTE. LTD.
5. GC (ENGLAND) PTE. LTD.
6. GLOBAL SAFEWEAR SINGAPORE PTE. LTD.

Other Principal Commitments
1. MT & PARTNERS LLP (Partner)
Present
Directorships
1.MOORES ROWLAND CORPORATE ADVISORY PTE. LTD.
2. MORE FINALYTICS PTE. LTD.
3. PROVIDENCE ADVISORY PTE. LTD.
4. MOORES ROWLAND SOLUTIONS PTE. LTD.
5. AYER RAJAH INVESTMENTS PTE. LTD.
6. LL INVESTMENTS PTE. LTD.
7. FIRST EAGLE CAPITAL MANAGEMENT PTE. LTD.
8. UW-C PTE. LTD.
9. MOORES ROWLAND PAC

Other Principal Commitments
1. MRI MOORES ROWLAND LLP (Partner)
(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
No
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)
The Company will arrange for Mr Yee to attend the requisite training as required under the Catalist Rules.