Change - Announcement of Appointment::APPOINTMENT OF NON-EXECUTIVE AND INDEPENDENT CHAIRMAN

Issuer & Securities

Issuer/ Manager
K1 VENTURES LIMITED
Securities
K1 VENTURES LIMITED - SG1CD1000005 - BLT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
05-Oct-2016 07:13:37
Status
New
Announcement Sub Title
APPOINTMENT OF NON-EXECUTIVE AND INDEPENDENT CHAIRMAN
Announcement Reference
SG161005OTHRYS6S
Submitted By (Co./ Ind. Name)
Winnie Mak
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Professor Neo Boon Siong as Non-Executive and Independent Chairman of k1 Ventures Limited.

Additional Details

Date Of Appointment
27/10/2016
Name Of Person
Neo Boon Siong
Age
59
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
After considering the recommendation from the Nominating Committee and with Professor Neo abstaining, the Board unanimously elected Professor Neo as the incoming Chairman to the Board.
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 Chairman, Chairman of Audit Committee and Member of the Nominating and Remuneration Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
2001- 2005
Dean, Nanyang Business School

2006 - 2010
Professor, Lee Kuan Yew School of Public Policy

2011- 31 May 2016
Professor, Nanyang Business School, Nanyang Technological University

1 June 2016 - Present
Dean and Canon Professor of Business, Nanyang Business School, Nanyang Technological University

Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct interest in 39,800 shares in k1 Ventures Limited
# 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)
Oversea-Chinese Banking Corporation Limited
Keppel Offshore & Marine Ltd
Great Eastern Holdings Limited
The Great Eastern Life Assurance Company Limited
The Overseas Assurance Corporation Limited

Present
Keppel Telecommunications & Transportation Ltd
OUE Hospitality REIT Management Pte. Ltd. (the REIT
Manager of OUE Hospitality Real Estate Investment Trust)
OUE Hospitality Trust Management Pte. Ltd. (the Trustee-Manager of OUE Hospitality Business Trust)
J. Lauritzen Singapore 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 a listed company?
Yes
If Yes, Please provide details of prior experience
Professor Neo is currently a director on the board of several listed companies (including k1 Ventures Limited).