Change - Announcement of Appointment::Appointment of Non-Independent Non-Executive Director - Mr Wong Kok Khun

Issuer & Securities

Issuer/ Manager
PROCURRI CORPORATION LIMITED
Securities
PROCURRI CORPORATION LIMITED - SG1DA4000006 - BVQ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Jun-2022 06:31:21
Status
New
Announcement Sub Title
Appointment of Non-Independent Non-Executive Director - Mr Wong Kok Khun
Announcement Reference
SG220616OTHR5J3P
Submitted By (Co./ Ind. Name)
Thomas Sean Murphy
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Wong Kok Khun as Non-Independent Non-Executive Director of the Company.

Additional Details

Date Of Appointment
15/06/2022
Name Of Person
Wong Kok Khun
Age
56
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 the recommendation of the Nominating Committee, and assessed Mr Wong's qualifications and experience, is of the view that he has the requisite experience and capabilities to assume the duties and responsibilities as Group Chairman and Non-Independent Non-Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Independent Non-Executive Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director, Group Chairman, Member of Audit, Nominating, Remuneration and Strategy Committees.
Professional qualifications
Diploma in Electronics & Communication Engineering from Singapore Polytechnic
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
Mr. Wong is the Group CEO and a director of DeClout Pte. Ltd. ("DeClout"). DeClout is a substantial shareholder of the Company.
Conflict of interests (including any competing business)
Mr. Wong is the Group CEO and a director of DeClout.

The services offering of DeClout's subsidiary, ARCO Pte. Ltd. ("ARCO"), has some overlaps with certain parts of the Company. Mr. Wong was previously a director (but not an employee) of ARCO and has resigned from that position on 15 June 2022.

To further mitigate any potential conflicts of interest with ARCO, for so long as Mr. Wong is the Group CEO and/or a director of DeClout and the service offerings of ARCO has overlaps with the Company, Mr. Wong will not participate in any proceedings of the Board, and shall in any event abstain from voting, in respect of any contract, arrangement, proposal, transaction or matter where there would be a material conflict of interest with ARCO. Mr. Wong is cognisant that, as a director of the Company, he must act in the best interest of the Company and must not make improper use of his position or any information acquired by virtue of his position to gain, directly or indirectly, an advantage for himself or for any other person or to cause detriment to the Company.
Working experience and occupation(s) during the past 10 years
2011 - Present: Group CEO of DeClout Pte. Ltd.
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)
ARCO Pte. Ltd.
Asia Wiring Systems Pte Ltd
CamelOne Pte. Ltd.
Corous360 Pte. Ltd.
Epicsoft Asia Pte. Ltd.
FundTier Pte. Ltd.
FundTier Holdings Pte. Ltd.
Guud (Africa) Pte. Ltd.
Guud (Source) Pte. Ltd.
Intelledox Australia Pty Ltd
Pacific Wave Pte Ltd
Play-E Pte. Ltd.
Play-E (Taiwan) Pte. Ltd.
Play-E Corporation Pte. Ltd.
Playworks Pte. Ltd.
Present
3rd Space Pte. Ltd.*
Aeqon Pte. Ltd.
Ascent Solutions Pte. Ltd.
DeClout Pte. Ltd.
DeClout Investments Pte. Ltd.
DeClout Ventures Pte. Ltd.
Guud Pte. Ltd.
Hexaton Capital Pte. Ltd.
Mise En Plas Private Limited
vCargo Cloud Pte. Ltd.

* Appointment as Chief Executive Officer (i.e. not Directorship)
(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?
Yes
If Yes, Please provide full details
Please refer to the announcements released by DeClout Limited (as it was then known) dated 11 July 2017, 18 July 2017, 24 October 2017, 7 November 2017, 20 March 2018 and 4 February 2019 on SGXNET in relation to the litigation. The matter was fully settled in 2019 with no admission of liability whatsoever.
(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
Previously served as:
Executive Director and Group Chairman of DeClout Limited (as it was then known).
Non-Independent Non-Executive Director and Chairman of Procurri Corporation Limited.