Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
POLLUX PROPERTIES LTD.
Securities
POLLUX PROPERTIES LTD. - SG1I77884290 - 5AE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Aug-2024 18:57:47
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG240816OTHRDKNB
Submitted By (Co./ Ind. Name)
Nico Purnomo Po
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Ivan Kanel as an Independent Director

This announcement has been prepared by Pollux Properties Ltd. (the "Company") and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved 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 contact person for the Sponsor is Mr. Pong Chen Yih, Chief Operating Officer, at 7 Temasek Boulevard #04-02 Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Date Of Appointment
16/08/2024
Name Of Person
Ivan Kanel
Age
44
Country Of Principal Residence
Indonesia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Remuneration and Nominating Committee, after reviewing and considering the qualifications, work experience and independence of Mr Ivan Kanel, has recommended to the Board of Directors (the "Board") the appointment of Mr Ivan Kanel as an Independent Director of the Company. Mr Ivan Kanel will also take on the role of Chairman of the Audit Committee and a member of the Remuneration and Nominating Committee. The Board has approved the appointment. The Board considers Mr Ivan Kanel to be independent for the purpose of Rule 704(7) of the SGX-ST Listing Manual Section B: Rules of Catalist.
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, Chairman of the Audit Committee, and member of the Remuneration and Nominating Committee.
Professional qualifications
ASEAN Chartered Professional Accountant, ASEAN Chartered Professional Accountant Coordinating Committee
Chartered Accountant, Indonesian Institute of Accountants
Certified Public Accountant, Institute of Certified Public Accountants Indonesia
Master of Management, University of Tarumanagara Jakarta
Bachelor of Economics (SE), University of Tarumanagara Jakarta
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
2023 to Present: Member of International Business and Networking, Institute of Indonesia Chartered Accountant
2016 to Present: Management Partner, Indonesia Global Law Firm
2012 to Present: Managing Partner and Director, PT Prodigi Konsultan
2009 to Present: Managing Partner, KJA CV SK & Co
2009 to Present: Managing Partner, KAP Kanel & Partner
2002 to Present: Lecturer, Tarumanagara University
2019 to 2023: Member of Quality Department, Institute of Indonesia Chartered Accountant
2018 to 2019: Member of Region Coordinator DKI Jakarta, Institute of Indonesia Chartered Accountant
2011 to 2021: Partner, Public Accounting Firm Herman Dody Tanumihardja & Partners
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)
2017 to 2020: Director, Intercontinental grouping of Accountants & Lawyers
Present
2018 to Present: Commissioner, PT Mahakarya Cipta Sentosa
2017 to Present: Director, PT Analis Advis Indonesia
2016 to Present: Director, PT Asia Global Investasi
2012 to Present: Managing Partner and Director, PT Prodigi Konsultan
2008 to Present: Director, KJA CV SK & Co
(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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Upon appointment as Director of Pollux Properties Ltd, Mr Ivan Kanel will attend training on the roles and responsibilities as a director of a listed issuer as prescribed by the SGX-ST within 1 year from the date of his appointment.