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

Issuer & Securities

Issuer/ Manager
JUBILEE INDUSTRIES HOLDINGS LTD.
Securities
JUBILEE INDUSTRIES HLDGS LTD - SGXE67467741 - NHD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-May-2024 18:45:26
Status
New
Announcement Sub Title
Appointment of an Independent and Non-Executive Director
Announcement Reference
SG240503OTHRHFQE
Submitted By (Co./ Ind. Name)
Dato' Terence Tea Yeok Kian
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below.

Additional Details

Date Of Appointment
03/05/2024
Name Of Person
Ding Hock Chai
Age
50
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 Board of Directors, having considered the recommendation of the Nominating Committee and assessed Mr Ding Hock Chai's ("Mr Ding") qualifications, credentials, experience in accounting and finance industry and independence, approved the appointment of Mr Ding as an Independent and Non-Executive Director of the Company with effect from 3 May 2024. Mr Ding shall also be appointed as a member of the the Audit and Remuneration Committees of the Company.

The Board of Directors considers Mr Ding to be independent for the purpose of Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (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.)
Independent and Non-Executive Director and member of the Audit and Remuneration Committees.
Professional qualifications
- Chartered Valuer and Appraiser of Institute of Valuers and Appraisers
- Representative's License (Capital Market Services) of Monetary Authority of Singapore
- Charter of Chartered Financial Analyst Institute (USA)
- Fellow member of the Association of Chartered Certified Accountants (UK)
- Chartered member of the Institute of Singapore Chartered Accountants
- Bachelor of Accountancy (Hon.) (Minor in banking and finance) from Nanyang Technological University (Honours), Singapore.
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
September 2012 to Present
Head of Capital Market, UOB Kay Hian Private Limited
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)
Nil
Present
September 2012 to Present
Head of Capital Market, UOB Kay Hian Private Limited

September 2023 to Present
Director, KGC Minerals Group Pte. Ltd.

April 2024 to Present
Director, Tiong Woon Corporation Holding Ltd.
(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
Yes
If Yes, Please provide full details
Please refer to the attached announcement : https://www.mas.gov.sg/regulation/enforcement/enforcement-actions/2022/mas-imposes-composition-penalty-on-uob-kay-hian-private-limited.
Mr Ding Hock Chai was a director of UOB Kay Hian Private Limited (UOBKH Pte Ltd) from 30 April 2013 to 1 December 2015. After Mr Ding ceased being a director of UOBKH Pte Ltd, on 31 August 2022, the MAS imposed a composition penalty of S$375,000 on UOBKH for its failures to comply with business conduct requirements (September 2012 to June 2018) under the Securities and Futures (Licensing and Conduct of Business) Regulations (SFR) and anti-money laundering and countering the financing of terrorism (AML/CFT) requirements (December 2016 to August 2017) under MAS Notice SFA04-N02. Mr Ding was not the subject of any investigation.
(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
Mr Ding has been an Independent Director with Tiong Woon Corporation Holding Ltd. since April 2024. Besides this, Mr Ding has attended the required training/ courses conducted by the Singapore Institute of Directors to familiarise himself with the roles and responsibilities of a director of a listed company in Singapore.