Change - Announcement of Appointment::REDESIGNATION OF YEO CHEE NENG

Issuer & Securities

Issuer/ Manager
VALLIANZ HOLDINGS LIMITED
Securities
VALLIANZ HOLDINGS LIMITED - SG1J89892363 - 545
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Nov-2017 18:47:40
Status
New
Announcement Sub Title
REDESIGNATION OF YEO CHEE NENG
Announcement Reference
SG171130OTHRJPYG
Submitted By (Co./ Ind. Name)
LING YONG WAH
Designation
CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's
sponsor, Provenance Capital Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities
Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents
of 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 accuracy, completeness or correctness of any of the
information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Wong Bee Eng, Chief Executive Officer, at 96 Robinson Road, #13-01, SIF
Building, Singapore 068899.

Telephone: (65) 6227 1580 Email: wongbe@provenancecapital.com

Additional Details

Date Of Appointment
30/11/2017
Name Of Person
Yeo Chee Neng
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board, having reviewed, considered and assessed Mr Yeo Chee Neng's ("Mr Yeo") qualifications and work experiences, and taking into account the recommendation of the Nominating Committee, has approved the redesignation of Mr Yeo from Non-Executive Vice Chairman to Executive Vice Chairman.
Whether appointment is executive, and if so, the area of responsibility
Yes. To lead the management in setting strategies, objectives and mission for the day-to-day operations of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Vice Chairman
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
2007 to 30 November 2012
- Executive Director (re-designated as Non-Executive Director with effect from 1 December 2012) of Swiber Holdings Limited

1 December 2012 to 12 January 2015
- Chief Executive Officer and Executive Director of Vallianz Holdings Limited
- Non-Executive Director of Swiber Holdings Limited

13 January 2015 to 19 June 2016
- Executive Director and Deputy Chief Executive Officer of Swiber Holdings Limited

20 June 2016 to 2 September 2016
- Chief Executive Officer, Group President and Executive Director of Swiber Holdings Limited

13 January 2015 to present
- Non-Executive Vice Chairman of Vallianz Holdings 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?
Yes
Shareholding Details
33,000,000 ordinary shares
27,000,000 share awards
# 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)
Please refer to attachment on past directorships.
Present
Please refer to attachment on present directorships.
(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
Mr Yeo was an Executive Director of Swiber Holdings Limited (Judicial Managers Appointed) up to 5 September 2016. Details of the relevant announcements by Swiber are enclosed in the Appendix A attached to this announcement.
(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 Appendix A to this announcement for the details.
(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
Yes
If Yes, Please provide full details
Please refer to Appendix A to this announcement for the details.
(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?
Yes
If Yes, Please provide details of prior experience
2007 to 30 November 2012
- Executive Director (re-designated as Non-Executive Director with effect from 1 December 2012) of Swiber Holdings Limited

30 November 2012 to 12 January 2015
- Chief Executive Officer and Executive Director of Vallianz Holdings Limited
- Non-Executive Director of Swiber Holdings Limited

13 January 2015 to 19 June 2016
- Executive Director and Deputy Chief Executive Officer of Swiber Holdings Limited

20 June 2016 to 5 September 2016
- Chief Executive Officer, Group President and Executive Director of Swiber Holdings Limited

13 January 2015 to present
- Non-Executive Vice Chairman of Vallianz Holdings Limited

Attachments