Change - Announcement of Appointment::Appointment of Director: Sebastian Tan Cher Liang

Issuer & Securities

Issuer/ Manager
HIAP SENG INDUSTRIES LIMITED
Securities
HIAP SENG INDUSTRIES LIMITED - SGXE37533077 - 1L2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Feb-2024 19:00:57
Status
New
Announcement Sub Title
Appointment of Director: Sebastian Tan Cher Liang
Announcement Reference
SG240216OTHRF4KG
Submitted By (Co./ Ind. Name)
Khua Kian Hua
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Pursuant to the completion of the Proposed Subscription, the Proposed Grant of Options, the Proposed Debt Restructuring and the Proposed Transfer Listing (each defined in the Circular to Shareholders issued by Hiap Seng Engineering Ltd (Judicial Managers appointed)("HSEL") on 6 November 2023) on 16 February 2024, required information relating to the appointment of Mr Sebastian Tan Cher Liang ("Mr Sebastian Tan") as a director, under Rule 704(7) of the Listing Manual of the SGX-ST, is set out below.

Additional Details

Date Of Appointment
16/02/2024
Name Of Person
Sebastian Tan Cher Liang
Age
72
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Please refer to Appendix A attached.
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 Chairman, Chairman of the Nominating Committee, Member of the Audit Committee and Member of the Remuneration Committee
Professional qualifications
Fellow of the Association of Chartered Certified Accountants, United Kingdom
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
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
2003 to Present: Independent Non-Executive Chairman, Audit Committee Chairman, Vibrant Group Limited

2013 to Present: Advisor, Boardroom Limited

2013 to Present: Independent Director, Audit Committee Chairman, Kingsmen Creatives Limited

2013 to Present: Lead Independent Director, Audit Committee Chairman, Wilton Resources Corporation Ltd

2015 to Present: Independent Non-Executive Chairman, Audit Committee Chairman, Jumbo Group Limited

2020 to Present: Independent Director, Nominating Committee Chairman, Food Empire Holdings Limited

2021 to Present: Lead Independent Director, Nominating Committee Chairman IPC Corporation Ltd
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)
2015 to 2023: Independent Director, Ezra Holdings Limited (In Compulsory Liquidation)

1986 to 2023, Non-Executive Director, Children's Charities Association
Present
Public Listed Companies:

1. 2020 to Present: Independent Director, Nominating Committee
Chairman, Food Empire Holdings Limited

2. 2021 to Present: Lead Independent Director, Nominating Committee Chairman, IPC Corporation Ltd

3. 2015 to Present: Independent Non-Executive Chairman, Audit Committee Chairman, Jumbo Group Limited

4. 2013 to Present: Independent Director, Audit Committee Chairman, Kingsmen Creatives Limited

5. 2003 to Present: Independent Non-Executive Chairman, Audit
Committee Chairman, Vibrant Group Limited

6. 2013 to Present: Lead Independent Director, Audit Committee Chairman, Wilton Resources Corporation Ltd


Other Principal Directorships:

1. 2004 to Present: Executive Director, D S Lee Foundation

2. 2007 to Present: Executive Director, D S Lee Singapore General Pte Ltd

3. 2007 to Present: Executive Director, D S Lee Specialists Group Pte Ltd

4. 2014 to Present: Executive Director, Deli Sumatra Legacy Co Pte Ltd

5. 2007 to Present: Executive Director, DSLSG Investment Co Pte Ltd

6. 2017 to Present: Non-Executive Director, E-Bridge Pre-School Pte Ltd

7. 2015 to Present: Non-Executive Director EtonHouse Community Fund Ltd

8. 2021 to Present: Executive Director, Hotel Grand SG Legacy Pte Ltd

9. 2014 to Present: Non-Executive Director, Nyalas Rubber Estates Limited

Trustee of:
2007 to Present: Kwan Im Thong Hood Cho Temple
(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
Yes
If Yes, Please provide full details
Please refer to Appendix B attached.
(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

1. Food Empire Holdings Limited
2.IPC Corporation Ltd
3.Jumbo Group Limited
4.Kingsmen Creatives
Limited
5.Vibrant Group Limited
6. Wilton Resources Corporation Ltd
7. Ezra Holdings Limited (In Compulsory Liquidation)

Attachments

Appendix A-Board comments on appointment_Sebastian.pdf
Appendix B.pdf
Total size =374K