Change - Announcement of Appointment::Appointment of Non-Executive Director

Issuer & Securities

Issuer/ Manager
ANCHOR RESOURCES LIMITED
Securities
ANCHOR RESOURCES LIMITED - SG1CG7000002 - 43E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Feb-2018 18:03:05
Status
New
Announcement Sub Title
Appointment of Non-Executive Director
Announcement Reference
SG180228OTHRPQ36
Submitted By (Co./ Ind. Name)
Low Wee Siong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Anchor Resources Limited (the "Company") and its contents have been reviewed by the Company s sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ( SGX-ST ) Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact persons for the Sponsor are Mr Alvin Soh, Head of Catalist Operations, Senior Vice President, and Mr Josh Tan, Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Date Of Appointment
28/02/2018
Name Of Person
Foo Fatt Kah
Age
58
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has on the recommendation of the Nominating Committee, reviewed and approved the appointment of Dr Foo Fatt Kah as Non-Executive Director.
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 Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Not Applicable
Conflict of interests (including any competing business)
Luminor Capital Pte. Ltd. ("Luminor Capital"), through funds it manages, may from time to time invest in other resources companies.
Working experience and occupation(s) during the past 10 years
Private Equity fund management
2008 - Present Managing Director, Luminor Capital

2003 - 2012 Venture Partner, Aravis Ventures
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
Dr Foo Fatt Kah holds 50% shareholding interest in Luminor Capital. In addition, Dr Foo also holds 1 ordinary share in each of Luminor Pacific Fund 1 Ltd and Luminor Pacific Fund 2 Ltd.

Luminor Pacific Fund 1 Ltd, managed by Luminor Capital on a discretionary basis, owns 213,651,724 shares in the Company.

Luminor Pacific Fund 2 Ltd, managed by Luminor Capital on a discretionary basis, holds a S$2m Exchangeable Bond in Angka Marketing Pte Ltd, a wholly-owned subsidiary of the Company.
Other Directorships
# 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)
Luminor Capital (Beijing) Co., Ltd.
Myanmar Carlsberg Co. Ltd.
Quattro Vascular Pte. Ltd.
QT Vascular Pte. Ltd.
Singapore Medtech Accelerator Pte. Ltd.
Sano V Pte Ltd
CellTwo Inc Pte. Ltd.
Chinese Business Exchange Pte. Ltd.
Maida Vale Consulting Group Pte Ltd
Merge Pacific Sdn Bhd
The Luminor Fund, Cayman Islands
Present
Luminor Capital Pte Ltd
Luminor Capital Australia Pty Ltd
Luminor Harbour Fund 1 Pte. Ltd.
Luminor Pacific Fund 1 Ltd.
Luminor Pacific Fund 2 Ltd.
ayondo Holding AG
ayondo Asia Pte Ltd
ayondo Ltd
King Wai Group Pte. Ltd.
Maida Vale Associates Pte. Ltd.
PEC Ltd.
Variscan Mines Ltd.
Multiple Lodge Sdn Bhd
(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?
Yes
If Yes, Please provide full details
On 23 September 2014, Luminor Capital Pte. Ltd. was issued a supervisory warning by the Monetary Authority of Singapore ("MAS") due to the absence of records relating to beneficial ownership of its clients, thereby resulting in non-compliance of the relevant provisions of Notice SFA 04-N02 to Capital Markets Intermediaries on the Prevention of Money Laundering and Countering the Financing of Terrorism. Luminor Capital Pte. Ltd. and/or its directors were not subject to any fines or any other sanctions for the non-compliance and there were no subsequent correspondence with MAS on this matter.
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Cyber Village Ltd (SGX) Executive Director 2006-2008

PEC Ltd (SGX) Lead Independent Director since 2009

Variscan Mines Ltd (ASX) Non-Executive Director since 2009