Change - Announcement of Appointment::Announcement of Appointment - Kelvin Tang

Issuer & Securities

Issuer/ Manager
KRISENERGY LTD.
Securities
KRISENERGY LTD. - KYG532261099 - SK3
KRISENERGY S$200M2%N230822 - SG77J3000002 - 66WB
KRISENERGYS$130M2%220609 - SG77J4000001 - 66XB
KRISENERGY S$139.464MZ240131 - SG31B6000003 - CDVZ
KRISENERGY LTD. W240131 - KYG532261255 - CDXW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
24-Aug-2017 18:47:31
Status
New
Announcement Sub Title
Announcement of Appointment - Kelvin Tang
Announcement Reference
SG170824OTHRBXQ6
Submitted By (Co./ Ind. Name)
Chrystle Kuek
Designation
Company Secretary
Effective Date and Time of the event
24/08/2017 18:45:00
Description (Please provide a detailed description of the event in the box below)
Kelvin Tang will be promoted from his existing position of Chief Operating Officer to the Chief Executive Officer. As he is not ceasing his employment with KrisEnergy Ltd, there will be no separate cessation announcement made for his cessation as Chief Operating Officer.

Additional Details

Date Of Appointment
01/09/2017
Name Of Person
Kelvin Tang Chih Hao
Age
43
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board selection criteria was focused on (a) senior oil and gas executive (b) experienced in managing development projects and corporate capitalisation (c) familiarity with Asian fiscal regimes and (d) deep understanding of the business, financials, management of the Company and its stakeholders. The Board has reviewed the qualifications and experience of Mr Tang and is of the view that based on his experience and familiarity with the Company, he will be able to contribute positively to the Company.
Whether appointment is executive, and if so, the area of responsibility
Chief Executive Officer.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
Mr. Tang joined KrisEnergy in 2009 and is responsible for the legal and regulatory functions of the company. Since late 2014, Mr. Tang has taken on the additional role of President of KrisEnergy s activities in Cambodia. Earlier in 2017, he was appointed as the Chief Operating Officer of KrisEnergy. Prior to KrisEnergy, Mr. Tang was based in Abu Dhabi as General Counsel for Aabar Investments, having held the position of General Counsel and Company Secretary between 2005 and 2008 at Pearl Energy. From 2003 until 2004, Mr. Tang was a Legal Associate for Wong Partnership LLP and Clifford Chance Wong, a joint law venture between Wong Partnership LLP and Clifford Chance Wong Pte Ltd. He was Associate Director (Legal) for Temasek Holdings Pte Ltd in 2002, and a Legal Associate in the Technology Practice Group of Rajah & Tann LLP between 2000 and 2002.

He holds a Bachelor of Law from the National University of Singapore and is an Advocate and Solicitor of the Supreme Court of Singapore. He is also a member of the Association of International Petroleum Negotiators.
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 shareholding of 897,325 ordinary shares in KrisEnergy Ltd and deemed interested in 2,103,960 shares held by Komodo (B.V.I.) Ltd; and Performance Share Plan Awards: (a) up to one-ninth of 3% of the issued ordinary shares in the capital of KrisEnergy Ltd. at the time when the conditions of the MS-Award have been satisfied; and (b) Up to 827,977 ordinary shares in the capital of KrisEnergy Ltd. when certain performance conditions have been satisfied.
1 share in KrisEnergy Oil and Gas (Thailand) Ltd
1 share in KrisEnergy Resources (Thailand) Ltd
1 share in KrisEnergy G10 (Thailand) 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)
KrisEnergy (Ageng) B.V.; KrisEnergy (Andaman Timur) B.V.; KrisEnergy Asia Co peratief U.A.; KrisEnergy Asia Holdings B.V.; KrisEnergy (Nemo) B.V.; KrisEnergy (Sakti) B.V.; KrisEnergy (Tanjung Aru) B.V.; KrisEnergy (Udan Emas) B.V.; KrisEnergy East Seruway B.V.; KrisEnergy Glagah-Kambuna B.V.; KrisEnergy (Andaman II) B.V.; KrisEnergy Kutai B.V.; KrisEnergy Kutei B.V.; KrisEnergy (Bangora) B.V.
Present
KrisEnergy Ltd; B Block Ltd; KrisEnergy (Apsara) Ltd; KrisEnergy (Asia) Ltd; KrisEnergy (Cambodia) Holding Ltd; KrisEnergy (Cambodia) Ltd; KrisEnergy (East Muriah) Ltd; KrisEnergy (Gulf of Thailand) Ltd; KrisEnergy (Phu Khanh 120) Ltd; KrisEnergy (Vietnam 115) Ltd; KrisEnergy (Satria) Ltd; KrisEnergy (Song Hong 105) Ltd; KrisEnergy Holding Company Ltd; KrisEnergy International (Thailand) Holdings Ltd; KrisEnergy Management Ltd; KrisEnergy (Management Services) Ltd; KrisEnergy Oil & Gas (Thailand) Ltd; KrisEnergy Pte Ltd; KrisEnergy Resources (Thailand) Ltd; KrisEnergy Marine Pte Ltd; SJ Production Barge Ltd; KrisEnergy (Bangladesh) SS-11 Ltd, KrisEnergy G10 (Thailand) Ltd; KrisEnergy Management Ltd; KrisEnergy Asia Cooperatief UA; KrisEnergy Asia Holdings BV; KrisEnergy Netherlands Pte 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
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 a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
N.A.