ANNOUNCEMENT OF APPOINTMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

* Asterisks denote mandatory information

Name of Announcer *: CFM HOLDINGS LIMITED
Company Registration No.: 200003708R
Announcement submitted on behalf of: CFM HOLDINGS LIMITED
Announcement is submitted with respect to *: CFM HOLDINGS LIMITED
Announcement is submitted by *: Janet Lim Fong Li
Designation *: Executive Director & Chief Executive Officer
Date & Time of Broadcast: 07-Jan-2014 17:30:46
Announcement No.: 00053

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
Name of person *: Ong Wei Jin
Age *: 47
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), after reviewing Mr Ong's qualifications and working experience, has recommended the appointment of Mr Ong as the Independent Director of the Company and have noted the existing number of listed companies wherein he is an independent director and is satisfy that Mr Ong is independent for the purpose of Rule 704(7) of the SGX-ST Listing Manual Section B: Rules of the Catalist. The NC has also ascertained that Mr Ong will be able to carry out his duties effectively as an Independent Director, given his years of practices in the field of corporate finance and general corporate law. The Board has accepted the recommendation of the NC and approved his appointment.

Whether appointment is executive, and if so, the area of responsibility *

Independent, non-executive

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Independent Director

Working experience and occupation(s) during the past 10 years *

1. Since 1 September 2012 - Partner, Harry Elias Partnership LLP

2. From 2000 to 31 August 2012 - Partner, Colin Ng & Partners LLP

Interest * in the listed issuer and its subsidiaries *

Nil

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

OTHER DIRECTORSHIPS

Past (for the last 5 years) *: East Harbour Development Pte. Ltd.**
M Development Ltd
MTI Water Holdings Limited
Great Fortune Associates Limited **
Hong Kong Wisdom Holding Limited **
JPower (Hong Kong) Co Ltd **
Sirius Illumination Solutions Pte Ltd **
Seru International Services Pte Ltd (Struck off on 07/07/2011)

** (Nominee director on behalf of client)
Present: China XLX Fertiliser Ltd
Consciencefood Holding Limited
JPTM Pte Ltd **
Luzhou Bio-chem Technology Limited
Organisation & Management (Pte) Limited
Siong Chwee Pte Ltd
Siong Kang Pte Ltd

** (Nominee director on behalf of client)

INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)

Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.
(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

INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(I)

Disclosure applicable to the appointment of Director only.

Any prior experience as a director of a listed company?

Yes

If yes, please provide details of prior experience.

Currently, Mr Ong is an Independent Director of China XLX Fertiliser Ltd, Luzhou Bio-chem Technology Limited and Consciencefood Holdings Ltd, listed on the MainBoard of the Singapore Stock Exchange.

Footnotes

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Asian Corporate Advisors Pte. Ltd. (the Sponsor), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (Exchange). The Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange assumes 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 Liau H.K.
Telephone number: 6221 0271

Attachments

Total size = 0K
(2048K size limit recommended)