Change - Announcement of Appointment::APPOINTMENT OF NON-EXECUTIVE INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
CFM HOLDINGS LIMITED
Securities
CFM HOLDINGS LIMITED - SG1P02915996 - 5EB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
19-Jul-2019 18:17:32
Status
New
Announcement Sub Title
APPOINTMENT OF NON-EXECUTIVE INDEPENDENT DIRECTOR
Announcement Reference
SG190719OTHR56FY
Submitted By (Co./ Ind. Name)
Tan Wee Sin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Asian Corporate Advisors Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "Exchange"). The Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Foo Quee Yin.
Telephone number:6221 0271

Additional Details

Date Of Appointment
19/07/2019
Name Of Person
Ross Yu Limjoco
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board, taking into consideration the acedemic and professional qualifications, expertise, working experience and knowledge of Mr Ross Yu Limjoco, and is satisfied that Mr Ross Yu Limjoco possess the requisite competencies and experience to assume the responsibilities as a Non-Executive Independent Director, Chairman of Remuneration Committee and a member of the Audit Committee and Nominating Committee of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive Independent Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director; RC Chairman; AC Member and NC Member.
Professional qualifications
Certified Public Accountant
Chartered Accountant of Singapore
Certified Fraud Examiner
Chartered Valuers and Appraisers
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
1 April 2016 to present
Nexia TS Advisory Pte Ltd
Assurance and M&A Director

6 May 2014 to present
TMS Capital Advisory Ltd
Anchorage Consulting Private Limited
Director

1 November 2012 5 May 2014
PSL Holdings Limited
Chief Financial Officer

February 2003 to 31 October 2012
BDO LLP / BDO Advisory Pte Ltd
Director / Head of Business Advisory
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
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Darco Water Technologies Limited
Toon Express (Singapore) Pte Ltd (struck off)
Emcap Partners Pte. Ltd. (struck off)
Allied Empire Energy Pte. Ltd.
IPCO International Limited
8Telecom Intl Holdings Co Ltd
Hubei Zhonglianhuan Energy Investment Management Inc.
IPCO Constructors Private Limited
Friendship Bridge Holding Company Private Limited
Nueviz Investments Private Limited
Gulf Asia Holdings Ltd
JC Canyon Insurance Services Pte. Ltd.
Prospect 33 Pte. Ltd.
Ministry of Nano Technology Pte. Ltd.
Myanmar Imperial Marble & Granite Pte. Ltd.
Sino Gas Holdings Pte. Limited
Present
Camsing International Holdings Ltd
Anchorage Consulting Private Limited
TMS Capital Advisory Ltd
EMFrequency Solutions Pte Ltd
Weinsteiner Private Limited
Thalesmead Global Pte Ltd
A Best Trade Private Limited
Quantaplex Solutions 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
Mr. Ross Yu Limjoco is currently an Independent Director of Camsing International Holdings Ltd (Formerly known as Fittec International Group Limited).