Change - Announcement of Appointment::Appointment of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
MONEYMAX FINANCIAL SERVICES LTD.
Securities
MONEYMAX FINANCIAL SERVICESLTD - SG2G06995143 - 5WJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-May-2018 21:16:52
Status
New
Announcement Sub Title
Appointment of Chief Financial Officer
Announcement Reference
SG180502OTHR0GYU
Submitted By (Co./ Ind. Name)
Lim Yong Guan
Designation
CEO and Executive Chairman
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by MoneyMax Financial Services Ltd.(the "Company" ) and its contents have been reviewed by the sponsor of the Company, United Overseas Bank Limited (the "Sponsor" ), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST" ).

The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST 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 Mr Chia Beng Kwan, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, 03-03 UOB Plaza 1, Singapore 048624, telephone: 65 6533 9898.

Additional Details

Date Of Appointment
02/05/2018
Name Of Person
Wee Sung Leng
Age
53
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr. Wee Sung Leng joined MoneyMax Financial Services Ltd. (the "Company") as finance advisor on 6 September 2017.

Having reviewed his qualifications, work experience and performance since he joined, the nominating committee and the board of directors of the Company approved the appointment of Mr. Wee as Chief Financial Officer.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr. Wee will be responsible for overseeing the accounting and finance functions of the Company and its subsidiaries.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Sep 2017 to Apr 2018
Finance Advisor, MoneyMax Financial Services Ltd.

May 2014 to Feb 2016
General Manager, Head of Group Corporate Affairs, Straits Corporation Pte. Ltd.

May 2013 to May 2014
Assistant Vice President, IL&FS Global Financial Services Pte Ltd

Sep 2008 to Oct 2012
Executive Director & Co-Head, Maybank Kim Eng Corporate Finance Pte Ltd

Aug 2002 to Sep 2008
Head, Corporate Finance, Investment Banking Division, HL Bank
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 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)
IL&FS Global Financial Services Pte Ltd
Present
Singapore Myanmar Investco Ltd
Fortune Green Global Corp
(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
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
Not applicable for appointment of executive officer