Change - Announcement of Appointment::APPOINTMENT OF LEAD INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
OXLEY HOLDINGS LIMITED
Securities
OXLEY HOLDINGS LIMITED - SG2F25986140 - 5UX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Oct-2024 12:07:20
Status
New
Announcement Sub Title
APPOINTMENT OF LEAD INDEPENDENT DIRECTOR
Announcement Reference
SG241030OTHR4E7L
Submitted By (Co./ Ind. Name)
Ching Chiat Kwong
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Appointment of Lead Independent Director - Yee Kee Shian, Leon

Additional Details

Date Of Appointment
30/10/2024
Name Of Person
Yee Kee Shian, Leon
Age
48
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 Nominating Committee had recommended the appointment of Mr Yee Kee Shian, Leon as the Lead Independent Director of the Company. The Board of Directors, having considered the Nominating Committee's recommendation and having reviewed and considered the academic and professional qualifications, expertise, work experience and suitability of Mr Yee, believed that Mr Yee's experience would be beneficial to the Group and had approved Mr Yee's appointment as the Lead Independent Director of the Company. Following his appointment, Mr Yee will also be appointed as the Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee. The Board of Directors considers Mr Yee to be independent for the purpose of Rule 704(8) of the SGX-ST Listing Manual.
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 Nominating Committee and member of the Audit Committee and Remuneration Committee
Professional qualifications
Advocate and Solicitor of the Supreme Court of Singapore

Solicitor of England and Wales
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
Mr Yee has a 28% indirect interest in the issued share capital of a company, which had entered into a lease agreement with a subsidiary of the Company prior to the date of his appointment as an Independent Director, for the lease of a property from the said subsidiary ("Lease"). The annual rental payable under the Lease is less than $200,000. The Nominating Committee had assessed the commercial terms of Lease and was of the view that Mr Yee's interest in the Lease is not one that could interfere or be perceived to interfere with his independent judgment.
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Mar 2017 to Present:
Chairman of Duane Morris & Selvam LLP

Apr 2013 to Present:
Managing Director of Duane Morris & Selvam LLP and Selvam LLC

Jan 2011 to Apr 2013:
Director with Duane Morris & Selvam LLP

Jan 2007 to Apr 2013:
Director with Selvam LLC
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
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Directorships:
Cambridge RE Assets Fund No. 2 Pte. Ltd.
Cambridge RE Assets Fund No. 3 Pte. Ltd.
Cambridge RE Assets Fund No. 4 Pte. Ltd.
Cambridge RE Assets Fund No. 5 Pte. Ltd.
Cambridge RE Assets Fund No. 7 Pte. Ltd.
Federal International (2000) Ltd
Laura Ashley Holdings PLC
Milkyway International Tank Transportation (Holdings) Pte. Ltd. (formerly known as LHN Logistics Limited)
Pacific Star Development Limited

Other Principal Commitments:
None
Present
Directorships:
Caelius Pte. Ltd.
Cambridge Alliance Capital Pte. Ltd.
Cambridge Alliance Fund No.1. Pte. Ltd.
Christ's College, Cambridge Fund (Singapore) Limited
Duane Morris & Selvam Pty Ltd
F J Benjamin Holdings Ltd
Ladderman Limited
OxPay Financial Limited
Selvam LLC
St. Joseph's Institution Philanthropic Fund For the Lasallian Mission Ltd.
Yangzijiang Financial Holding Ltd.
Yangzijiang Shipbuilding (Holdings) Ltd.

Other Principal Commitments:
Chairman and Manager, Duane Morris & Selvam LLP
(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 Yee was an Independent Non-Executive Director of Laura Ashley Holdings Plc ("LAH"), a company listed on the London Stock Exchange. LAH went into administration on 23 March 2020 due to the COVID-19 outbreak in the United Kingdom, which had an immediate and significant impact on the business operations of LAH. Mr Yee had stepped down as a director of LAH on 16 March 2020, prior to the administrators being appointed, to focus his time more on his full-time work commitments as the Chairman of Duane Morris & Selvam LLP.
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Current listed company directorships:
F J Benjamin Holdings Ltd
OxPay Financial Limited
Yangzijiang Financial Holding Ltd.
Yangzijiang Shipbuilding (Holdings) Ltd.

Previous listed company directorships:
Federal International (2000) Ltd
Pacific Star Development Limited
Laura Ashley Holdings PLC
LHN Logistics Limited
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