Change - Announcement of Appointment::Appointment of Executive Director and Group Finance Director

Issuer & Securities

Issuer/ Manager
JARDINE CYCLE & CARRIAGE LIMITED
Securities
JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
12-May-2022 17:22:00
Status
New
Announcement Sub Title
Appointment of Executive Director and Group Finance Director
Announcement Reference
SG220512OTHRBWUM
Submitted By (Co./ Ind. Name)
Jeffery Tan Eng Heong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Executive Director and Group Finance Director

Additional Details

Date Of Appointment
01/08/2022
Name Of Person
Hsu Hai Yeh (Amy Hsu)
Age
38
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nominating Committee ("NC") has reviewed the background, qualifications and working experience of Ms Hsu and recommended her appointment. The Board, having considered the NC's recommendation, has approved her appointment as an executive director and as the Group Finance Director.

Ms Hsu is succeeding Mr Stephen Gore who will be relinquishing his current role as Group Finance Director on 31 July 2022 to take up the new role of Group Director, Business Development.
Whether appointment is executive, and if so, the area of responsibility
Executive. Overall in charge of all financial matters of Jardine Cycle & Carriage group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Finance Director
Professional qualifications
Certified Public Accountant, American Institute of Certified Public 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)
Ms Hsu is the current CFO of Jardine International Motors ("JIM"), a subsidiary of Jardine Matheson Holdings Limited which is a substantial shareholder of Jardine Cycle & Carriage. JIM provides automotive specialist services to Jardine Cycle & Carriage's Direct Motor Interests.
Working experience and occupation(s) during the past 10 years
2020 - present: Jardine International Motors, Chief Financial Officer
2016 - 2020: Dairy Farm Group, Regional Finance Director, IKEA
2014 - 2015: Jardine Matheson, Corporate Finance Manager
2012 - 2013: Jardine Cycle & Carriage, Corporate Finance Manager
2010 - 2012: Samsung Securities, Senior Associate, Investment Banking
2005 - 2010: PricewaterhouseCoopers, Assistant Manager, Transaction Services
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)
Board member of the following:
- Cycle & Carriage Bintang Berhad (alternate director) *
- Jardine International Motors Limited
- Jardine International Motors Pte Limited
- Fu Tung Holdings Limited
- Zung Fu (China) Limited
- Zung Fu Company Limited
- Apollo Luck Limited
- Zung Fu Land Investment Limited
- Zung Fu Finance Limited
- Applied Brand Solutions Limited
- DFI Home Furnishings Taiwan Limited
- DFI Macau Limited
- PT. Archipelago Property Development

* public listed company
Present
Board member of the following:
- Applied Brand Solutions Limited
- Zung Fu Finance Limited (In Members' Voluntary Liquidation)
- Applied Brand Solutions (Shanghai) Limited
- CHLD (Beijing) Catering Management Co., 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?
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
Director will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
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)
N.A.