Change - Announcement of Appointment::Appointment of Independent Director, member of the AC, NC and the RC

Issuer & Securities

Issuer/ Manager
PAN ASIAN HOLDINGS LIMITED
Securities
PAN ASIAN HOLDINGS LIMITED - SG1Q04920423 - 5EW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Apr-2021 12:27:36
Status
New
Announcement Sub Title
Appointment of Independent Director, member of the AC, NC and the RC
Announcement Reference
SG210401OTHR04KF
Submitted By (Co./ Ind. Name)
Richard Koh Chye Heng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Gillian Goh, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Date Of Appointment
01/04/2021
Name Of Person
Lawrence Chen Tse Chau (Chen Shichao)
Age
39
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee (the "NC") of the Company, having reviewed Mr Lawrence Chen Tse Chau (Chen Shichao)'s ("Mr Chen's") educational background, professional qualifications, working experience and other relevant factors, is of the view that Mr Chen has the necessary qualifications, working experience and ability to contribute to the Company. Accordingly, the NC has recommended to the Board that Mr Chen be appointed as a Non-Executive and Independent Director.

In light of the above reasons and having considered the recommendation of the NC, the Board has approved the appointment of Mr Chen as a Non-Executive and Independent Director of the Company. Further to this, the Board considers Mr Chen to be independent for the purposes of Rule 704(7) of the Catalist Rules.
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-Executive and Independent Director, RC Member, AC Member and NC Member
Professional qualifications
Diploma in Marine Engineering, Singapore Polytechnic

Bachelor of Science in Applied Accounting (Upper Second Class Honours), Oxford Brookes University

Fellow Member of The Association of Chartered Certified Accountants (ACCA, UK)

Chartered Accountant of Singapore, Institute of Singapore Chartered Accountants

Member of 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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
September 2020 to present:
Audit Partner at Unity Advance LLP

September 2020 to March 2021:
Audit Partner at JSL & Associates

September 2020 to present:
Director at Athel Accounting Pte. Ltd.

October 2020 to present:
Independent Director at China Star Food Group Limited
Director at Prime Accountants Public Accounting Corporation

November 2020 to present:
Director at Athel Assurance Public Accounting Corporation

March 2021 to present:
Director at Radiant Management Services Pte. Ltd.

September 2020 to present:
Public Accountant Employee at Acumen Assurance, Acumen Associates LLP and SYA Public Accounting Corporation.

October 2018 to September 2020:
Assurance Associate Director at Nexia TS Public Accounting Corporation

December 2017 to October 2018:
Group Financial Controller at ecoWise Holdings Limited

August 2016 to December 2017:
Assistant Group Financial Controller at ecoWise Holdings Limited

January 2013 to June 2016:
Audit Senior Manager at RSM Chio Lim LLP

May 2012 to December 2012:
Audit Senior at Ernst & Young LLP

November 2009 to May 2012:
Audit Team Leader at RSM Chio Lim LLP
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)
Nexia TS Public Accounting Corporation
ecoWise Holdings Limited
RSM Chio Lim LLP
SCI E-commerce Group Limited
JSL & Associates
Present
China Star Food Group Limited
Unity Advance LLP
Radiant Management Services Pte. Ltd.
Athel Accounting Pte. Ltd.
Acumen Assurance
Acumen Associates LLP
SYA Public Accounting Corporation
Prime Accountants Public Accounting Corporation
Athel Assurance Public Accounting Corporation
(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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Independent Director at China Star Food Group Limited - October 2020 to present
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)
Independent Director at China Star Food Group Limited - October 2020 to present

Mr Chen has attended the requisite training organised by the Singapore Institute of Directors on the roles and responsibilities of a Director of a listed company to meet the mandatory training requirements under Rule 406(3)(a) of the Catalist Rules.