Change - Announcement of Appointment::APPOINTMENT OF INDEPENDENT DIRECTOR OF THE COMPANY

Issuer & Securities

Issuer/ Manager
ANCHUN INTERNATIONAL HOLDINGS LTD.
Securities
ANCHUN INTERNATIONAL HLDGS LTD - SG1CI5000000 - BTX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
09-Apr-2024 21:28:16
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT DIRECTOR OF THE COMPANY
Announcement Reference
SG240409OTHRAHK8
Submitted By (Co./ Ind. Name)
ZHENG, ZHIZHONG
Designation
EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
APPOINTMENT OF MR. SAN MENG CHEE AS INDEPENDENT DIRECTOR OF THE COMPANY

Additional Details

Date Of Appointment
25/04/2024
Name Of Person
San Meng Chee
Age
59
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)
The Board having considered, among others, the recommendation of Nominating Committee who has reviewed and assessed Mr. San Meng Chee's ("Mr. San") credentials, qualification, skills and experience, is satisfied that Mr. Chris San has the requisite experience, capabilities and knowledge to assume the duties and responsibilities as Independent Director of the Company.

Mr. San is considered independent for the purposes of Rule 704(8) of the Listing Manual of Singapore Exchange Securities Trading Limited.

Mr. San will also be appointed as Chairman of Audit Committee and Member of Nominating Committee.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
(a) Independent Director
(b) Chairman of Audit Committee
(c) Member of Nominating Committee
Professional qualifications
(a) Bachelor of Business, Major in Accountancy from Edith Cowan University
(b) Member of CPA Australia
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
(a) Chief Financial Officer of Mencast Holdings Ltd (May 2017 to present)
(b) Chief Financial Officer of New Toyo International Holdings Ltd (May 2015 to February 2017)
(c) Group Financial Director of Ademco (Far East) Pte Ltd (May 2014 to October 2014)
(d) Chief Financial Officer of Trilogy Hospitality Pte Ltd (September 2013 to February 2014)
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)
(a) Mencast Energeers Pte Ltd (16 October 2017 to 5 February 2024)
(b) Unidive Marine Services (Malaysia) Sdn Bhd (3 August 2020 to 28 September 2022)
(c) Unidive Subsea Pte Ltd (formerly known as Mencast Subsea Pte Ltd) (22 May 2020 to 30 June 2022)
(d) KSE Development Pte Ltd (formerly known as Mencast-KSE Pte Ltd) (26 May 2018 to 12 November 2020)
(e) Unidive Offshore Private Limited (22 May 2020 to 30 June 2022)
(f) Astaka Holdings Limited (19 November 2015 to 5 February 2020)
(g) Vac-Tech Engineering Pte Ltd (16 October 2017 to 24 September 2019)
(h) Forise International Limited (formerly known as Great Group Holdings Limited) (13 March 2014 to 29 April 2019)
Present
(a) Mencast Holdings Ltd (from May 2017)
(b) Mencast Energy Pte Ltd (from 16 October 2017)
(c) Mencast Offshore & Marine Pte Ltd (from 16 October 2017)
(d) Mencast Procurement (Singapore) Pte Ltd (from 16 October 2017)
(e) S&W Pte Ltd (from 16 October 2017)
(f) Top Great Engineering & Marine Pte Ltd from 16 October 2017)
(g) Top Great Holdings Pte Ltd (from 16 October 2017)
(h) Mencast Investment Holdings Pte Ltd (from 24 May 2018)
(i) Menji Pte Ltd (from 13 March 2020)
(j) Chin Yee Engineering & Machinery Pte Ltd (from 30 May 2022)
(k) Virestorm Pte Ltd (from 26 August 2020)
(l) Menji International Pte Ltd (from 30 March 2023)
(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?
Yes
If Yes, Please provide full details
Mr. San was informed by his previous employer by letter dated 12 April 2021 that he was disqualified from being re-appointed as a director of an Indian company (which Mr. San represented for his previous employer) or in other Indian companies for a period of five years from 1 November 2016, even though Mr. San had resigned from the post of director on 18 May 2013. The reason for the disqualification was primarily due to Mr. San s former employer's failure to submit his resignation to the Indian Registrar of Companies after his departure in August 2013, as well as failure to file annual returns for a continuous period of 3 financial years after 2013. Mr. San was further informed that his former employer had deregistered the said Indian company on 25 October 2019, but the disqualification could not be lifted and therefore remains in force until 31 October 2021. At the request of Mr. San, his former employer had engaged a recognised accounting firm to review and comment on the above matter, which concluded in a letter dated 7 April 2021 that there is no remedy to remove his disqualification which can be described as a disqualification on technical grounds. There has not been any further development since then.
(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?
Yes
If Yes, Please provide full details
When Mr. San was the Independent and Non-Executive director and Member of the Audit Committee of Astaka Holdings Limited ("Astaka"), SGX-ST had in 2020 issued a show-cause letter to the Board of Astaka to make representations for potential breaches of the Catalist Rules following the fact-finding report dated 3 April 2020 issued by Ernst & Young Advisory Pte Ltd. Astaka and the relevant persons engaged in correspondences with the SGX-ST in relation to this matter. Subsequently, the SGX Listings Disciplinary Committee ("SGX-LDC") had on 17 August 2021 issued its grounds of decision to Astaka in relation to the aforesaid matter which includes the public reprimand issued to Astaka, its former Chief Executive Officer/Executive Director and former Chief Financial Officer for breaching the Catalist Rules (the "Public Reprimand").

For the avoidance of doubt, Mr. San was not named in the Public Reprimand and has not been implicated in any breach of the Catalist Rules. In its grounds of decision, the SGX-LDC found that the Audit Committee of Astaka was misled by its management. The Board (excluding the Executive Director / CEO at the material time) of Astaka was not informed about the matter that eventually led to the Public Reprimand.

There has not been any further development from the SGX-ST since then.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
(a) Non-Executive and Independent Director of Astaka Holdings Limited from 19 November 2015 to 5 February 2020
(b) Non-Executive and Independent Director of Forise International Limited (formerly known as Great Group Holdings Limited) from 13 March 2014 to 29 April 2019