Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
JES INTERNATIONAL HOLDINGS LIMITED
Securities
JES INTERNATIONAL HOLDINGS LTD - SG1W40939082 - EG0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-Oct-2022 17:49:21
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG221010OTHRVR33
Submitted By (Co./ Ind. Name)
Tan Wei Yang
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Chua Siong Kiat as Lead Independent Director

Additional Details

Date Of Appointment
11/10/2022
Name Of Person
Chua Siong Kiat
Age
51
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, having considered the recommendation of the Nominating Committee and assessed Mr Chua Siong Kiat's ("Mr Chua") qualifications and relevant experience, is satisfied that Mr Chua has the requisite experience and capabilities to assume the duties and responsibilities as Lead Independent Director of the Company, Chairman of the Remuneration Committee and a member of each of the Audit and Risk Committee and Nominating Committee. The Board considers Mr Chua to be independent for the purposes of Rule 704(8) of the Mainboard Rules of the Listing Manual of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee
Professional qualifications
Chartered Valuer and Appraiser (CVA)

Imperial College of Science, Technology and Medicine, University of London, Master of Business Administration and Diploma of the Imperial College in Management (MBA, DIC)

Chartered Accountant, Singapore (CA Singapore)

Certified Internal Auditor (CIA)

Fellow of The Association of Chartered Certified Accountants (FCCA)
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
October 2021 to present:
Group Chief Financial Officer of TEE International Limited

November 2015 to present:
Director of Lighthouse Business Consulting Pte Ltd

August 2020 to September 2021:
Chief Financial Officer of Wai Fong Construction Pte Ltd

July 2017 to January 2018:
Appointed Chief Financial Officer (Global Hospitality Trust Project) of Amare Investment Management Group Pte Ltd

March 2016 to July 2017:
Executive Director and Head of Non-Property business (February 2017 to July 2017), Alternate Director (March 2016 to February 2017) and Interim Group Chief Operating Officer (July 2016 to February 2017) of Pacific Star Development Limited (formerly known as LH Group Limited)

July 2013 to September 2015:
Executive Director (Appointed in November 2013) and Chief Financial Officer of Libra Group Limited

February 2011 to May 2013:
Director, Finance & Control Asia, ex-China Region and Interim Co-Managing Director (November 2011 to May 2012) of Imtech Marine BV
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)
1. Axington Inc.
2. Kitchen Culture Holdings Limited
3. China Star Food Group Limited
4. National Arthritis Foundation
5. Omni Sharing Pte Ltd
6. Pacific Star Development Limited
7. Durabeau Industries Pte Ltd
8. LH Aluminium Industries Pte Ltd
9. Autotrax International Pte Ltd
10. Autovox Korea Co., Ltd
Present
1. China Yuanbang Property Holdings Limited
2. Heatec Jietong Holdings Ltd
3. TEE Infrastructure Pte Ltd
4. Trans Equatorial Engineering Pte Ltd (in creditors' voluntary liquidation)
5. New Silkroutes Group Limited
6. Starwork Vision Pte Ltd
7. Robotic Vision Inc. Pte Ltd
8. Lighthouse Business Consulting Pte 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?
Yes
If Yes, Please provide full details
Mr. Chua served as a director in (i) Durabeau Industries Pte Ltd ("DIPL") and (ii) LH Aluminium Industries Pte. Ltd. ("LHAI") from 15 February 2017 to 13 July 2017. In May 2019, Pacific Star Development Limited ("PSD"), the parent company of both DIPL and LHAI, announced its decision to discontinue its aluminium business division for commercial reasons and placed both DIPL and LHAI under creditors' voluntary liquidation ("CVL"). Further details in relation to the liquidation can be found in PSD's SGXNet announcements dated 22 May 2019 and 31 May 2019.

Mr. Chua joined TEE International Limited ("TEE") as the Group Chief Financial Officer on 1 October 2021. As announced on 16 December 2021, TEE had commenced the winding up process of its wholly-owned subsidiary, Trans Equatorial Engineering Pte. Ltd. ("Trans Equatorial") by way of CVL. As requested by the Board of Directors of TEE, Mr. Chua was appointed as a director of Trans Equatorial just prior to the commencement of the CVL proceedings in order to facilitate and assist the appointed liquidators with the CVL process.
(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?
Yes
If Yes, Please provide details of prior experience
China Yuanbang Property Holdings Limited
(1 October 2022 - Present)

Heatec Jietong Holdings Ltd - Non-Executive Independent Director
(February 2022 - Present)

New Silkroutes Group Limited - Non-Executive Independent Director
(August 2020 - Present)

Axington Inc. - Non-Executive Independent Director
(July 2020 - August 2020)

Kitchen Culture Holdings Ltd. - Non-Executive Director
(December 2019 - August 2020)

China Star Food Group Limited - Non-Executive Independent Director
(September 2019 - August 2020)

Pacific Star Development Limited (formerly known as LH Group Limited) - Executive Director (February2017 to July 2017), Alternate Director (March 2016 - February 2017)
(March 2016 - July 2017)

Libra Group Limited - Executive Director
(November 2013 - September 2015)

Attachments

JES - SGX Annt - Additional information for item j i.pdf
Total size =53K