Change - Announcement of Appointment::Re-designation of Indepedent Director to Independent Non-Executive Chairman

Issuer & Securities

Issuer/ Manager
ASIA ENTERPRISES HOLDING LIMITED
Securities
ASIA ENTERPRISES HOLDING LTD - SG1S11926551 - A55
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Apr-2024 19:00:02
Status
New
Announcement Sub Title
Re-designation of Indepedent Director to Independent Non-Executive Chairman
Announcement Reference
SG240426OTHRO18P
Submitted By (Co./ Ind. Name)
LEE YIH CHYI
Designation
MANAGING DIRECTOR
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr Choo Boon Tiong ("Mr Choo") from Independent Director to Independent Non-Executive Chairman and appointment as the Chairman of the Remuneration Committee ("RC"), a member of the Audit Committee ("AC") and Nominating Committee ("NC") with effect from 26 April 2024.

Additional Details

Date Of Appointment
01/02/2024
Name Of Person
Choo Boon Tiong
Age
70
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
24/04/2024
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The NC has reviewed the qualifications and working experience of Mr Choo and is of the view that Mr Choo is able to be appointed as the Independent Non-Executive Chairman, the Chairman of the RC, and a member of the AC and NC. The Board having considered the NC's recommendation, approved the appointment of Mr Choo as the Independent Non-Executive Chairman, the Chairman of the RC, and a member of the AC and NC of the Company based on his qualifications and work experience.
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 Non-Executive Chairman, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee.
Professional qualifications
Bachelor of Arts, University of Singapore
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Kyra Capital Pte Ltd, Director
Solve Education Foundation Pte Ltd, Director
Goldbell Corporation Pte Ltd, Director
Goldbell Financial Services Pte Ltd, Executive Director
Bibby Financial Services (S) Pte Ltd, Director
Pilgrim Private Debt Fund, Chief Credit Officer
Pacific Radiance Ltd, Independent Director
Konundra Business Advisory Pte Ltd, Director
Cynosure Corporate Services Pte Ltd, Director
Tiro Consulting Services Pte Ltd, Director
Personnel Link JobHub Pte Ltd, Director
Light10 Industries Pte Ltd, Director
Karios Food Resources Pte Ltd, Director
Fu Yu Corporation Ltd, Executive Vice Chairman
Enyorra Private Equity Pte Ltd (previously known as JI Capital Partners Pte Ltd), Advisor
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)
Director, Goldbell Corporation Pte Ltd

Executive Director, Goldbell Financial Services Pte Ltd

Chief Credit Officer, Pilgrim Private Debt Fund

Director, Konundra Business Advisory Pte Ltd

Executive Vice Chairman, Fu Yu Corporation Ltd
Present
Director, Kyra Capital Pte Ltd

Director, Solve Education Foundation Ltd

Advisor, Enyorra Private Equity Pte Ltd (previously known as JI Capital Partners 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
Director of Craft Print International Ltd, International Factors (Singapore) Ltd, Fu Yu Corporation Limited and Pacific Radiance Ltd