Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
VALUETRONICS HOLDINGS LIMITED
Securities
VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
24-Jul-2015 17:57:39
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG150724OTHRWAKI
Submitted By (Co./ Ind. Name)
Tse Chong Hing
Designation
Chairman and Managing Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Director

Additional Details

Date Of Appointment
24/07/2015
Name Of Person
Loo Cheng Guan
Age
52
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
As part of the Board renewal process and having considered the qualification and experience of Mr. Loo Cheng Guan in finance, management and business experience, the Board accepted the recommedation of the Nominating Committee on the appointment of Mr. Loo as an Independent Director. His appointment was approved by the shareholders at the Annual General Meeting held on 24 July 2015.
Whether appointment is executive, and if so, the area of responsibility
Appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, members of the Audit Committee and Remuneration Committee and Chairman of the Nominating Committee
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
July 2003 to November 2005 - Mitsubishi Securities (Singapore) Ltd. - Senior Vice President
November 2005 to March 2010 - Blue Ocean Capital Partners Pte Ltd (merger into Tembusu Partners in October 2008) - Founder/ Managing Partner
October 2008 to March 2010 - Tembusu Partners Pte Ltd - Managing Director/ Investment Committee Member
August 2010 to May 2011 - F&H Fund Management Pte Ltd - Managing Director/ Investment Committee Member
June 2011 to May 2015 - C&G Environmental Protection Holdings Ltd - Executive Director/ Group Deputy CEO
May 2015 to Present - C&G Environmental Protection Holdings Ltd - Non-Executive Director
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)
Nil
Present
Independent Director of Advance SCT Ltd which is listed on SGX-ST, Director of Vermilion Gate Pte Ltd, Director of Hope Horizon Investment Pte Ltd, Chairman of 1Rockstead GIP Fund II Pte Ltd, Director of Brash Asia Pte Ltd, Director of Amalgam Capital Partners Pte Ltd and Non-Executive Director of C&G Environmental Protection Holdings Ltd which is listed on SGX-ST.
(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
Refer to the present directorship section.