Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
INTERNATIONAL PRESS SOFTCOM LIMITED
Securities
INTERNATIONAL PRESS SOFTCOM - SG1G93873220 - 571

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-May-2014 17:59:22
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG140530OTHR8EQD
Submitted By (Co./ Ind. Name)
Teh Eng Chai
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and reviewed by the Company's sponsor, CNP Compliance Pte. Ltd., ("Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement including the accuracy or completeness of any of the information disclosed or the correctness of any of the statements or opinions made or reports contained in this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 Mr. Lance Tan at 36 Carpenter Street, Singapore 059915, telephone: (65) 6323 8383, email: ltan@cnplaw.com

Additional Details

Date Of Appointment
30/05/2014
Name Of Person
Neo Gim Kiong
Age
45
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee ("NC"), while noting the disclosure made by Mr Neo Gim Kiong ("Mr Neo") in paragraph (k) below, have reviewed the qualifications and experience of Mr Neo. The NC is satisfied that Mr Neo possesses the requisite qualifications and working experience to contribute positively to the Board and as such, have recommended his appointment as an Independent Director of the Company to the Board, who has approved the appointment. The Sponsor, after its review, concurs with the NC's views and recommendation on the appointment of Mr Neo to the Board.
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 Director, Chairman of the Audit Committee and a member of Nominating and Remuneration Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
1) 2004 - Present: Founding Director of Bizmen Corporation Pte. Ltd. and Dollar Tree Inc Pte. Ltd

2) 2001 - 2004, 2009 - 2011: Executive Director of Jackspeed Corporation Limited, Chief Executive Officer of Jackspeed Corporation Limited
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)
1) Jackspeed Corporation Limited; 2) Jackspeed Industries Sdn. Bhd. (Malaysia); 3) Jackspeed Leather Special Manufacturer (M) Sdn. Bhd. (Malaysia); 4) Jackspeed Europe B.V.; 5) Jackspeed Aviation Pte. Ltd.; 6) Jackspeed Singapore Pte. Ltd.; 7) Jackspeed Vehicle Holdings Pte. Ltd.; 8) Index Credit Pte. Ltd.; 9) Index Agency Pte. Ltd. 10) Strada Automobil Pte. Ltd.; 11) STAr Technologies Inc (Taiwan); 12) Star-quest Holdings Pte. Ltd.; 13) Digital Blue Pty Ltd.
Present
1) Universal Resources and Services Limited; 2) Ban Leong Technologies Ltd.; 3) Dollar Tree Inc Pte. Ltd.; 4) Bizmen Corporation Pte. Ltd.; 5) Gifted and Talented Education Pte. Ltd.; 6) BLC (China) Ltd; 7) Ban Leong Technologies Australia Pty Ltd.; 8) AV Labs International Pte. Ltd.; 9) Audion Innovision Pty 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?
Yes
If Yes, Please provide full details
Please see attached disclosure.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide full details
1) Universal Resources and Services Limited - Independent Director, Chairman, Board and Audit Committee, Member of Nominating and Remuneration Committees; 2) Ban Leong Technologies Ltd - Non- executive Director, Member of Nominating and Remuneration Committees

Attachments

IPS.announcement_disclosure.attachment.pdf
Total size =140K