Change - Announcement of Appointment::Appointment of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
OCEAN SKY INTERNATIONAL LIMITED
Securities
OCEAN SKY INTERNATIONAL LTD - SG1DD2000002 - 1B6
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Sep-2020 18:43:08
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG200916OTHRKM3H
Submitted By (Co./ Ind. Name)
Chia Yau Leong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Toh David Ka Hock as Independent Non-Executive Director of the Company.

This announcement has been prepared by Ocean Sky International Limited (the "Company" ) and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor" ) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST" ) Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes 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 Mr Lance Tan, Senior Vice President, at 8 Anthony Road #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Date Of Appointment
01/10/2020
Name Of Person
Toh David Ka Hock
Age
68
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors (the "Board"), having considered the recommendation of the Nominating Committee and assessed the qualifications and working experience of Mr Toh David Ka Hock ( "Mr David Toh" ), is of the view that Mr David Toh has the requisite experience and capabilities to assume the duties and responsibilities as Independent Non-Executive Director of the Company.

The Board has considered that Mr David Toh is independent for the purpose of Rule 704(7) of the Catalist Rules.
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 Non-Executive Director, Lead Independent Director, Chairman of Audit Committee and Member of Nominating and Remuneration Committees
Professional qualifications
Bachelor of Commerce (University of New South Wales, Australia)
Chartered Accountant (Institute of Chartered Accountants in Australia)
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
None
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
November 2009 to present: Independent Director of Want Want China Holdings Limited
July 2017 to present: Director of Governance and Internal Audit, Nuri Management Pte Ltd
July 2020 to present: Chief Executive Officer of Sinopartners Financial Services Pte Ltd
July 2020 to present: Board Adviser of Sino Suisse Capital Pte Ltd
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)
PT IRC Inoac Indonesia
PT Bando Indonesia
PT Gajah Tunggal TBK
Tink Labs (Singapore) Pte Ltd
Vios Solution Pte Ltd
Present
Please refer to Annex A
(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
Mr David Toh was asked to pay the cost of proceeding by the Institute of Chartered Accountants in Australia over 30 years ago as a result of his self-admission for soliciting a client without having first sought professional clearance from existing accountant.
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
Mr David Toh will be attending requisite training courses prescribed in the Catalist Rules.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable

Attachments

Annex A - Present Directorships of David Toh.pdf
Total size =16K