Change - Announcement of Appointment::Appointment of Ho Shian Ching as Independent Director

Issuer & Securities

Issuer/ Manager
GREEN BUILD TECHNOLOGY LIMITED
Securities
GREEN BUILD TECHNOLOGY LIMITED - SG1Q40922128 - Y06
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-Aug-2022 20:01:18
Status
New
Announcement Sub Title
Appointment of Ho Shian Ching as Independent Director
Announcement Reference
SG220818OTHR28JT
Submitted By (Co./ Ind. Name)
Lim Kok Meng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Ho Shian Ching as Independent Director

Additional Details

Date Of Appointment
18/08/2022
Name Of Person
Ho Shian Ching
Age
52
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, on the recommendation of the Nominating Committee ("NC"), having reviewed the curriculum vitae of Mr Ho and having considered his education and professional qualification, work experience, capabilities and other relevant factors, is of the view that Mr Ho be appointed as Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Member of Audit Committee, Nominating Committee and Remuneration Committee
Professional qualifications
Member of Certified Public Accountant Australia - Since 2002
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
June 2022 - Present: Environmental Solutions (Asia) Pte Ltd - Chief Financial Officer

January 2015 - May 2022: ETH Enterprise Pte Ltd - Financial Controller

May 2007 - May 2017: Fujian Zhenyun Plastics Industry Co., Ltd - Chief Financial Officer
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)
January 2015 - May 2022: ETH Enterprise Pte Ltd - Financial Controller
Present
June 2022 - Present: Environmental Solutions (Asia) Pte Ltd - Chief Financial Officer
(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 Ho was under the employ of Fujian Zhenyun Plastics Industry Co., Ltd ("FZP") from May 2007 to 17 May 2017 as chief financial officer ("CFO"). During his tenure, third party legal action had commenced against FZP following an unauthorised investment made by FZP's then chairman and executive director in the last quarter of 2014 in gold mines located in Vietnam without the approval of the Board and CFO (the "Unauthorised Investment").

FZP was not able to contact the chairman and executive director for clarifications on the Unauthorised Investment. As a result of the Unauthorised Investment, FZP and its subsidiaries experienced cash flow difficulties and operations were eventually halted. On 17 May 2017, Mr Ho resigned from his position as CFO.

On 18 July 2018, the Fuzhou Intermediate People's Court of Fujian Province of the People's Republic of China made a civil ruling to accept the bankruptcy and liquidation of FZP, and an administrator was appointed on 5 September 2018.

The NC has independently looked into the matter and noted that, inter alia, Mr Ho has not been the subject of any current or past investigations or disciplinary proceedings, or has been reprimanded or issued any warning by the MAS or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere.

The NC is therefore of the view that Mr Ho remains fit and proper for the purpose of being appointed as an Independent Director of the Company.
(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
The Company will arrange for Mr Ho to attend the relevant courses with the Singapore Institute of Directors to familiarise himself with the roles and responsibilities of a Director of a public listed company in Singapore. The Company will also conduct a comprehensive orientation programme for Mr Ho to aid his understanding of the Company's business activities, operations and strategic directions.