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

Issuer & Securities

Issuer/ Manager
CHINA HAIDA LTD.
Securities
CHINA HAIDA LTD. - SG1Q42922142 - C92
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
04-Nov-2020 09:00:01
Status
New
Announcement Sub Title
Appointment of Independent Director and member of the AC,NC and RC
Announcement Reference
SG201104OTHRG5PC
Submitted By (Co./ Ind. Name)
Lim Kok Meng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Soh Yeow Hwa as an Independent Director and member of the Audit Committee, Nominating Committee and Remuneration Committee of the Company.

Additional Details

Date Of Appointment
03/11/2020
Name Of Person
Soh Yeow Hwa
Age
53
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Tang Chun Meng, the Independent Director of the Company wishes to place on record that there are major and urgent issues which have to be addressed by the Board of Directors and they include, inter alia, updates on the operations and affairs of Jiangyin Litai Ornamental Materials Co., Ltd. (the "Subsidiary"), the legal and enforcement proceedings against the Subsidiary and Mr Xu Youcai (the "CEO") and future plans of the Company (the "Outstanding Matters").
Mr Tang has been trying to contact the other Directors, Zhao Guiying, Wang Liangfa and the CEO, to discuss on the Outstanding Matters but to no avail. Mr Tang noted that there was no quorum for the previous board meetings.As such,Mr Tang has invited Mr Soh Yeow Hwa ("Mr Soh") to be a director.
After having reviewed Mr Soh's educational background, qualifications and experience, Mr Tang is of the view that Mr Soh has the necessary ability to contribute to the Company in the current difficult situation.
Mr Tang wishes to highlight that in an earlier meeting of the Nominating Committee ("NC") held on 29 May 2020 where a quorum was present, the then NC had considered and recommended the appointment of Mr Soh. Mr Tang is also of the view that the Company should not be paralysed and it is in the best interest of Company and shareholders and imperative that decisive actions be taken to ensure a functioning Board and for the aforesaid Outstanding Matters to be dealt with.
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 and a member of the Audit Committee, Nominating Committee and Remuneration Committee
Professional qualifications
CPA, CPA Australia
Chartered Accountant, ISCA
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
July 2011 to January 2016: Renewable Energy Asia Group Limited (REAG), Group Financial Controller & Corporate Secretary to Board

July 2009 to July 2011: Asia Environment Holdings Limited (AEH), Group Financial Controller & Corporate Secretary to Board

Jun 2013 to May 2017: Renewable Energy Asia Power Pte Ltd, Director

February 2014 to October 2010: SNG International Pte Ltd, Director

January 2017 to October 2019: Auric 3 Pte Ltd, Director

July 2015 to October 2019: General Pacific Power Pte Ltd, Director

July 2015 to October 2019: Hu An Electric Singapore Pte Ltd, Director

July 2015 to October 2019: Hu An Cable Limited (Mainboard SGX-ST) , Director

August 2018 to January 2020: Ace Achieve Infocom Limited (Mainboard SGX-ST), Director

March 2019 to Present: Golden Sands Seafood Pte Ltd, Director

August 2016 to Present: Yixing Jeffcon Pte Ltd, Director

July 2013 to Present: HQ Environment Pte Ltd, Director

October 2019 to Present: Green Build Technology Limited, Director

October 2020 to Present: Sandhon Trading Pte. Ltd., Director
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)
Ace Achieve Infocom Limited
Hu An Cable Holdings Ltd.
Hu An Electric (Singapore) Pte Ltd
General Pacific Power Pte Ltd
Auric 3 Pte Ltd
SNG International Pte Ltd
Renewable Energy Asia Power Pte Ltd
Environmental Infrastructure Resources Pte. Ltd.
REA Power Pte. Ltd.
Origins of Nature Fengshui International Pte. Ltd.
Present
Green Build Technology Limited
HQ Environment Pte Ltd
Yixing Jeffcon Pte Ltd
Golden Sands Seafood Pte Ltd
Sandhon Trading Pte. 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
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
Ace Achieve Infocom Limited
Green Build Technology Limited
Hu An Cable Holdings Ltd.