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

Issuer & Securities

Issuer/ Manager
MDR LIMITED
Securities
MDR LIMITED - SG1N26909308 - A27
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
12-May-2017 18:36:07
Status
Replacement
Announcement Sub Title
Announcement of appointment of Non-Independent Non-Executive Director
Announcement Reference
SG170511OTHRI4LF
Submitted By (Co./ Ind. Name)
Madan Mohan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Announcement of appointment of Non-Independent Non-Executive Director
________________________________________________________________

Reference is made to the announcement on appointment of Non-Independent Non-Executive Director broadcasted on 11 May 2017 (the "Announcement").

Due to an inadvertent error, the "Shareholding Details" in the Announcement was indicated as "2,481,915,820". The "Shareholding Details" in the Announcement should be amended and read as "2,484,790,820".

Save for the above, all other information contained in the Announcement remains unchanged.

Additional Details

Date Of Appointment
11/05/2017
Name Of Person
Edward Lee Ewe Ming
Age
38
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Edward Lee Ewe Ming ("Mr Lee") has become the controlling shareholder of mDR Ltd (the "Company"). In view of the foregoing and upon his request, and taking into account the recommendation of the Nominating Committee and the qualifications and experience of Mr Lee, the Board of Directors of the Company approved the appointment of Mr Lee.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Director
Non-Executive Director
Member, Board of Directors
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
Mr Lee is the Managing Director of Edward Lee Apartments Private Limited and Edward Lee Residences Private Limited. Mr Lee was a Senior Consultant at Cambridge Associates. He led the firm's hedge fund research in Asia and constructed and oversaw hedge fund portfolios for a broad range of clients. His experience includes mergers and acquisitions, equity capital markets, direct investments, initial public offerings, property development and real estate management.

Prior to joining Cambridge Associates, Mr Lee was the Corporate Finance Director of First World Capital. There, he managed the firm's acquisitions and divestitures, strategic alliances/joint-ventures, and restructuring exercises. He was also an Investment Banking Analyst at Lehman Brothers, Inc. where he worked on mergers & acquisition, initial public offering, and debt restructuring exercises in the South East Asia region.

Mr Lee received a Bachelor of Commerce in Accounting/Finance from the University of Melbourne and was a Deacons Graham James Scholar at the Melbourne Law School. He was also conferred the Spirit of Enterprise Award in 2016.
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
2,484,790,820
# 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)
Managing Director, Edward Lee Apartments Private Ltd

Managing Director, Edward Lee Residences Private Limited
Present
Managing Director, Edward Lee Apartments Private Ltd

Managing Director, Edward Lee Residences Private 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?
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?
No
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Non-Executive Director, Carats Ltd.

The Company will arrange for Mr Lee to attend the SID training course.

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11/05/2017 18:20:08