Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
NEO GROUP LIMITED
Securities
NEO GROUP LIMITED - SG2E97983414 - 5UJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Sep-2020 17:47:04
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG200925OTHRBKBM
Submitted By (Co./ Ind. Name)
Neo Kah Kiat
Designation
Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared
by the Company and its contents have
been reviewed by the Company's sponsor,
CIMB Bank Berhad, Singapore Branch (the
"Sponsor"), for compliance with the relevant
rules of the SGX-ST.

The Sponsor has not independently verified
the contents of this announcement. This
announcement has not been examined or
approved by the SGX-ST and the SGX-ST
assume 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.
Yee Chia Hsing, Head, Catalist. The contact
particulars are 50 Raffles Place #09-01
Singapore Land Tower Singapore 048623,
telephone: +65 63375115

Additional Details

Date Of Appointment
25/09/2020
Name Of Person
Choy Bing Choong
Age
54
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 of the Company, having reviewed and considered the qualifications and independence of Mr Choy, considers him to be independent and upon the recommendations of the Nominating Committee, has approved the appointment of Mr Choy as an Independent Non-Executive Director.
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 Director, Remuneration Committee Chairman, Member of the Audit Risk Committee and Nominating Committee
Professional qualifications
1. Bachelor of Accountancy, National University of Singapore
2. Fellow Member, Institute of Singapore Chartered Accountants
3. Member, Singapore Institute of Directors
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
1. March 2020 to Present: Director and Group Chief Operating Officer at Natural Cool Holdings Limited
2. July 2014 to February 2020: Chief Investment Officer at Natural Cool Holdings Limited
3. August 2006 to June 2014: Director, Corporate Finance at CIMB Bank Berhad, Singapore Branch
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?
Yes
Shareholding Details
Mr Choy Bing Choong is holding 36,200 ordinary shares in the share capital of Neo Group Limited, in which 16,200 ordinary shares are held directly by Mr Choy Bing Choong and 20,000 ordinary shares are held in joint name of Mr Choy Bing Choong and his spouse.
# 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)
HMK Energy Pte. Ltd.
P.T. Harpindo Mitra Kharisma
Natural Cool Holdings Limited
HMK Investments Ltd
Present
Hiap Tong Corporation Ltd
Hoe Leong Corporation Ltd
Zhongmin Baihui Retail Group Ltd
Natural Cool Holdings Limited
(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 Choy Bing Choong was appointed as Non-Executive, Independent Director of Hoe Leong Corporation Ltd. ("Hoe Leong") on 1 September 2019. On 2 October 2019, Hoe Leong received an Originating Summons without a supporting affidavit filed by United Overseas Bank ("UOB") to place the Company under judicial management pursuant to Section 277B of the Companies Act (Cap. 50. 2006 Rev Ed) ("JM Application"). On 7 November 2019, leave was granted by the High Court for UOB to wholly discontinue and/or withdraw the JM Application and UOB has accordingly filed the Notice of Discontinuance/Withdrawal accordingly to wholly discontinue/withdraw the JM Application.
(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
Mr Choy is an executive director of Natural Cool Holding Limited and non-executive independent director of several other SGX listed companies.