Change - Announcement of Appointment::ANNOUNCEMENT OF APPOINTMENT OF LEAD INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
YHI INTERNATIONAL LIMITED
Securities
YHI INTERNATIONAL LIMITED - SG1CF1000000 - BPF
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Aug-2021 18:09:37
Status
New
Announcement Sub Title
ANNOUNCEMENT OF APPOINTMENT OF LEAD INDEPENDENT DIRECTOR
Announcement Reference
SG210830OTHRQ30P
Submitted By (Co./ Ind. Name)
Tay Tian Hoe Richard
Designation
Executive Chairman and Group Managing Director
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF APPOINTMENT OF LEAD INDEPENDENT DIRECTOR

Additional Details

Date Of Appointment
01/09/2021
Name Of Person
HONG PIAN TEE
Age
77
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors, having considered the recommendation of the Nominating Committee and having reviewed and considered the qualifications, working experience and suitability of Mr Hong Pian Tee, is of the view that Mr Hong Pian Tee has the requisite experience and capability to assume the responsibility as a lead independent Director of the Company.

Accordingly, the Board of Directors approved the appointment of Mr Hong Pian Tee as a lead independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
No
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit Committee, member of the Remuneration Committee and member of the Nominating Committee.
Professional qualifications
None
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
1 January 2000 - Present
Pei Hwa Foundation Ltd
Executive Director/Chairman

26 April 2017 - Present
Sinarmas Land Limited (Listed on SGX-ST)
Lead Independent Director
Chairman Audit Committee
Chairman Nominating Committee
Member Remuneration Committee

29 October 2010 - Present
XMH Holdings Ltd. (Listed on SGX-ST)
Lead Independent Director
Chairman Remuneration Committee
Member Audit Committee
Member Nominating Committee

September 2018 - Present
Yanlord Land Group Ltd (Listed on SGX-ST)
Independent Director
Chairman Audit Committee
Chairman Remuneration Committee

June 2020 - Present (In Liquidation)
Hyflux Ltd (Listed on SGX-ST)
Lead Independent Director

2013 - 2019
AsiaPhos Limited (Listed on SGX-Catalist Board)
Non-Executive Chairman
Independent Director
Member Audit Committee
Member Remuneration Committee
Member Nominating Committee

2001 - 2017
Golden Agri Resources Ltd (Listed on SGX-ST)
Independent Director
Chairman Audit Committee
Chairman Nominating Committee
Chairman Remuneration Committee

2010 - 2017
Memstar Technology Ltd (Listed on SGX-ST)
Independent Director
Chairman Audit Committee
Member Nominating Committee
Member Remuneration Committee
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
659,000 shares in YHI International Ltd
# 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)
AsiaPhos Limited
Golden Agri Resources Ltd
Memstar Technology Ltd
Present
Hyflux Ltd
Pei Hwa Foundation Limited
XMH Holdings Ltd.
Sinarmas Land Ltd
Yanlord Land Group 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?
Yes
If Yes, Please provide full details
Hyflux was under moratorium when Mr. Hong was appointed as Independent Director in June 2020 to help Hyflux in its negotiations with prospective buyers, creditor banks and bond holders. The moratorium expired on 30th July 2020 following which Judicial Managers were appointed. The JMs eventually concluded that there was no hope in the restructuring and in June 2021 applied to the High Court to wind up the Company. Hyflux was ordered to be wound up on 21st July 2021. Mr Hong was never involved in the management of Hyflux.
(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
26 April 2017 - Present
Sinarmas Land Limited (Listed on SGX-ST)
Lead Independent Director
Chairman Audit Committee
Chairman Nominating Committee
Member Remuneration Committee

29 October 2010 - Present
XMH Holdings Ltd. (Listed on SGX-ST)
Lead Independent Director
Chairman Remuneration Committee
Member Audit Committee
Member Nominating Committee

September 2018 - Present
Yanlord Land Group Ltd (Listed on SGX-ST)
Independent Director
Chairman Audit Committee
Chairman Remuneration Committee

June 2020 - Present
Hyflux Ltd (Listed on SGX-ST)
Lead Independent Director

2013 - 2019
AsiaPhos Limited (Listed on SGX-ST)
Non-Executive Chairman
Independent Director
Member Audit Committee
Member Nominating Committee
Member Remuneration Committee

2001 - 2017
Golden Agri Resources Ltd (Listed on SGX-ST)
Independent Director
Chairman Audit Committee
Chairman Nominating Committee
Chairman Remuneration Committee

2010 - 2017
Memstar Technology Ltd (Listed on SGX-ST)
Independent Director
Chairman Audit Committee
Member Nominating Committee
Member Remuneration Committee

2007 - 2009
Sin Ghee Huat Corporation Ltd (Listed on SGX-ST)
Non-Executive Chairman
Independent Director
Member of Audit Committee
Member Nominating Committee
Member Remuneration Committee