Change - Announcement of Appointment::APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Issuer & Securities
Issuer/ Manager
FEDERAL INTERNATIONAL (2000) LTD
Securities
FEDERAL INT(2000) LTD - SG1BF9000004 - BDU
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Nov-2018 17:55:26
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG181101OTHRNTBH
Submitted By (Co./ Ind. Name)
Noraini Latiff
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please see below.
Additional Details
Date Of Appointment
01/11/2018
Name Of Person
Loh Eu Tse Derek
Age
52
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors of Federal International (2000) Ltd (the "Company") has reviewed the Nominating Committee's recommendation and the qualifications, experiences, suitability and independence of Mr Loh Eu Tse Derek ("Mr Derek Loh"), and accordingly, the Board has approved the appointment of Mr Derek Loh as an Independent Non-Executive Director, a member of Audit Committee and Nominating Committee of the Company.
The Board has considered that Mr Derek Loh is independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
The appointment is a non-executive position.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director and a member of Audit Committee and Nominating Committee of the Company.
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
Nov 2003 to current date
Executive Director, TSMP Law Corporation
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)
Nil
Present
TSMP Law Corporation, Vietnam Enterprise International Ltd, Vibrant Group Limited, Metech International Limited, Adventus Holdings Limited, Disa Limited, St Joseph's Institution International Elementary School Ltd., St Joseph's Institution International Ltd., St Joseph's Institution Foundation for the Lasallian Mission Ltd. and Camembert Holdings 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
Yes
If Yes, Please provide full details
Mr Derek Loh was a director of Flextech Holdings Ltd (now known as Dragon Group International Limited ("DGIL")), when DGIL and its board of directors (including Mr Derek Loh) were called up for questioning by CAD due to a technical non-compliance involving no dishonesty or fraud on the part of the Board. No charges were proceeded with and the Board members received a warning from CAD in relation to the aforementioned incident. Mr Derek Loh resigned from the DGIL Board about 6 years ago.
(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?
Yes
If Yes, Please provide full details
Mr Derek Loh was a director of Flextech Holdings Ltd (now known as DGIL), when DGIL and its board of directors (including Mr Derek Loh) were called up for questioning by CAD due to a technical non-compliance involving no dishonesty or fraud on the part of the Board. No charges were proceeded with and the Board members received a warning from CAD in relation to the aforementioned incident. Mr Derek Loh resigned from the DGIL Board about 6 years ago.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Independent Non-Executive Director of Vibrant Group Limited, Adventus Holdings Limited, Metech International Limited, Vietnam Enterprise International Ltd and Disa Limited.
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