Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
OEL (HOLDINGS) LIMITED
Securities
OEL (HOLDINGS) LIMITED - SG0584008601 - 584
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Jun-2020 20:58:20
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG200630OTHRZLHY
Submitted By (Co./ Ind. Name)
Zhao Xin
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Chong Eng Wee as an Independent Director of the Company.

This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined 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 details of the contact person for the Sponsor are:

Name: Mr Shervyn Essex (Registered Professional, RHT Capital Pte. Ltd.)
Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619
Tel: 6381 6966

Additional Details

Date Of Appointment
30/06/2020
Name Of Person
Chong Eng Wee
Age
40
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 has reviewed the qualifications and experience of Mr Chong Eng Wee, and has recommended to the Board of Directors his appointment as Independent Director of the Company.

The Board of Directors of the Company, having reviewed and considered Mr Chong Eng Wee's qualifications and the experience and the Nominating Committee's recommendation, has approved his appointment as Independent Director of the Company.
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 Director, AC Member, NC Member and RC Chairman
Professional qualifications
Barrister and Solicitor - High Court of New Zealand
Advocate and Solicitor - Supreme Court of Singapore
Legal Practitioner - Supreme Court of New South Wales, Australia
Solicitor - High Court of Hong Kong
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
October 2017 to Present - Kennedys Legal Solutions Pte. Ltd. - Partner and Head of Corporate
July 2015 to October 2017 - RHTLaw Taylor Wessing LLP (now known as RHTLaw Asia LLP) - Partner and Deputy Head, Capital Markers and International China Practice
April 2011 to June 2015 - Duane Morris & Selvam LLP - Associate Director and Representative of Shanghai Representative Office
December 2009 to March 2011 - KhattarWong LLP (now known as Withers KhattarWong LLP) - Associate
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)
1. RHTLaw Taylor Wessing LLP (now known as RHTLaw Asia LLP)
2. Duane Morris & Selvam LLP
3. Innopac Holdings Limited
4. CW Group Holdings Limited
Present
1. Partner and Head of Corporate of Kennedys Legal Solutions Pte. Ltd.
2. Director of Legal Solutions LLC
3. Lead Independent & Non-Executive Director of Heatec Jietong Holdings Ltd.
4. Lead Independent & Non-Executive Director of GS Holdings Limited
5. Independent & Non-Executive Director of KTL Global Limited
(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 Chong Eng Wee is a Lead Independent Director of Heatec Jietong Holdings Limited (SGX Catalist Listing), GS Holdings Limited (SGX Catalist Listing) and Independent Director of KTL Global Limited (SGX Mainboard Listing).

Mr Chong Eng Wee was previously an Independent Director of CW Group Holdings Limited (SGX Mainboard Listing and Hong Kong Stock Exchange Mainboard Listing) and Innopac Holdings Limited (SGX Mainboard Listing).