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

Issuer & Securities

Issuer/ Manager
CREATIVE TECHNOLOGY LTD.
Securities
CREATIVE TECHNOLOGY LTD - SG1A98006814 - C76
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
06-Jan-2023 19:15:07
Status
New
Announcement Sub Title
Redesignation from Non-Executive Independent Director to Non-Executive Independent Acting Chairman
Announcement Reference
SG230106OTHRBJPW
Submitted By (Co./ Ind. Name)
Tan Shao Mieng
Designation
Corporate Finance
Description (Please provide a detailed description of the event in the box below)
Redesignation of Mr Lee Kheng Nam from Non-Executive Independent Director to Non-Executive Independent Acting Chairman with effect from 4 January 2023.

Additional Details

Date Of Appointment
04/01/2023
Name Of Person
Lee Kheng Nam
Age
75
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 of Directors of the Company has reviewed the qualifications, experiences, suitability and independence of Mr Lee, and accordingly, the Board has approved the appointment of Mr Lee as the Acting Chairman of the Company.
Whether appointment is executive, and if so, the area of responsibility
This appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Acting Chairman of the Company
Chairman of the Audit Committee
Member of the Nominating Committee and the Remuneration Committee
Professional qualifications
Master of Science Degree in Operations Research and System Analysis from the U.S. Naval Postgraduate School
Bachelor of Science degree in Mechanical Engineering (First Class Honours) from Queen s University, Canada
Diploma in Business Administration, University of Singapore
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
GGV Capital
(Jan 2005 to present)
Venture Partner

Advantec Pte Ltd
(Feb 2004 to present)
Chairman

Vertex Venture Holdings Ltd
(May 2012 to present)
Deputy Chairman

Vertex Venture Holdings Ltd
(Aug 2008 to May 2012)
Chairman
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?
Yes
Shareholding Details
Direct Interest - 45,000 shares in Creative Technology Ltd.
Deemed Interest - 10,000 shares in Creative Technology Ltd.
# 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)
Heptagon Advanced Micro Optics, Chairman
Blaize Inc, Director
L F Logistics, Director
Present
Thunes, Director
Structo 3D Pte Ltd, Chairman
Vertex Venture Holdings Ltd, Deputy Chairman
XMems Lab Inc, Director
Zero2.5 Biotech Pte Ltd, Chairman
(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 Lee is currently Independent Director of the Company.