Change - Announcement of Appointment::Redesignation of Director from Executive Director to Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
ELEKTROMOTIVE GROUP LIMITED
Securities
ELEKTROMOTIVE GROUP LIMITED - SG2F80993502 - 5VU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
08-Jul-2016 18:12:10
Status
New
Announcement Sub Title
Redesignation of Director from Executive Director to Non-Executive and Non-Independent Director
Announcement Reference
SG160708OTHRENLJ
Submitted By (Co./ Ind. Name)
Ng Kai Man
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Please see attached.

This announcement has been prepared by Elektromotive Group Limited (the "Company") and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of the 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 person for the Sponsor is Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Date Of Appointment
08/07/2016
Name Of Person
Ang Gee Hing
Age
65
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee after having reviewed Mr Ang Gee Hing's ("Mr Ang") working experience and suitability, is satisfied that Mr Ang possesses the requisite qualifications and competencies for the position of Non-Executive and Non-Independent Chairman. The Board accepted recommendation from the Nominating Committee and approved the appointment of Mr Ang.
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 and Non-Independent Chairman.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NA.
Conflict of interests (including any competing business)
NA.
Working experience and occupation(s) during the past 10 years
From 1994 to 8 July 2016 - Executive Vice-Chairman and Managing Director of Elektromotive Group Limited
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
16,726,548 ordinary shares in Elektromotive Group Limited
As Mr Ang owns 50% of Fontana Investments Pte. Ltd. ("Fontana"), he is deemed to be interested in 4,793,538 shares in the Company held by Fontana.
# 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)
Panpac Marketing & Circulation Pte Ltd
Lifestyle Magazines Publishing Pte Ltd
TLG Specialist Magazines Pte Ltd
TLG Properties Pte Ltd
Smartinvestor Pte Ltd
Lexicon F&B Pte Ltd
E-Motive (Asia) Pte Ltd
MOB Holdings Pte Ltd
Romulus Holdings Pte Ltd
Tom N Toms International Pte Ltd
Tom N Toms Retail Pte Ltd
Boardroom Venture Pte. Ltd.
Present
Auston Technology Group Pte Ltd
Elektromotive Group Limited
Elektromotive Limited
Inovatif Media Asia Sdn Bhd
Fontana Investments Pte Ltd
Wine & Dine Experience Pte Ltd
Panpac Tech Strategic 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 a listed company?
Yes
If Yes, Please provide details of prior experience
Mr Ang was the Managing Director of Elektromotive Group Limited from its listing on 29 July 1998 to 8 July 2016.