Change - Announcement of Appointment::APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
AURIC PACIFIC GROUP LIMITED
Securities
AURIC PACIFIC GROUP LIMITED - SG1B49001004 - A23
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Feb-2016 22:50:44
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG160229OTHR9VP5
Submitted By (Co./ Ind. Name)
Tan T'eng Ta' Benedict
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Additional Details

Date Of Appointment
01/03/2016
Name Of Person
TAN HUAY LIM
Age
59
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, with the assistance of the Nomination Committee, has reviewed the nomination of Mr Tan Huay Lim in accordance with the nomination framework adopted by the Board, and following the endorsement and recommendation of the Nomination Committee, the Board has approved the nomination and Mr Tan's appointment.

The Board with the assistance of the Nomination Committee has considered the following in connection with the review of the nomination:
(i) the size and structure of the Board;
(ii) the composition of the Board, including the balance and diversity of skills, experience, gender and knowledge of members of the Board;
(iii) the performance and effectiveness of the Board;
(iv) succession plans of the Board; and
(v) the experience, skills and qualifications of Mr Tan.

The Board is of the view that Mr Tan's accounting and auditing experience will further complement and strengthen the core competencies of the Board.
Whether appointment is executive, and if so, the area of responsibility
No
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Lead Independent Director and member of the Audit and Risk Committee
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
Working experience and occupation(s) during the past 10 years
Joined KPMG Singapore in 1981, admitted as an audit partner in 1991, and was the Singapore Head of KPMG Global China Practice from September 2010 until his retirement in September 2015.

Joined Hong Leong Asia Ltd. as an independent non-executive director and as a member of the Audit Committee in October 2015, and was subsequently appointed as Audit Committee Chairman in January 2016.
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
# 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. Singapore Chinese Chamber of Commerce Foundation

2. The Financial Board of the Singapore Chinese Chamber of Commerce

3. Sun Yat Sen Nanyang Memorial Hall Company Limited

4. Tan Kah Kee Foundation

5. The Hokkien Foundation

6. Yunnan Realty Pte Ltd

7. Singapore Hokkien Huay Kuan Cultural Academy Pte. Ltd.
Present
1. Singapore Hokkien Huay Kuan

2. Ren Ci Hospital

3. Hong Leong Asia 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?
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
Yes
If Yes, Please provide full details
Ren Ci Hospital & Medicare Centre ("RCHMC")

In March 2009, Mr Tan was interviewed by the Commercial Affairs Department ("CAD") in his capacity as a member of the Management Committee of RCHMC in connection with CAD's investigations in the affairs of RCHMC. Mr Tan has clarified that he was not the subject of the foregoing investigations and following the interview, he has not been required by the CAD to provide any further assistance in the matter for which he was interviewed. RCHMC, which was registered as a society under the Societies Act, Chapter 311, was dissolved on 31 March 2013.
(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 a listed company?
Yes
If Yes, Please provide details of prior experience
Independent Non-Executive Director and Chairman of the Audit Committee of Hong Leong Asia Ltd.