Change - Announcement of Appointment::Appointment of Non-Executive Independent Director

Issuer & Securities

Issuer/ Manager
RENAISSANCE UNITED LIMITED
Securities
RENAISSANCE UNITED LIMITED - SG1C67001091 - I11
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-Jan-2019 17:31:59
Status
New
Announcement Sub Title
Appointment of Non-Executive Independent Director
Announcement Reference
SG190131OTHRV5PW
Submitted By (Co./ Ind. Name)
Allan Tan Poh Chye
Designation
Company Secretary
Effective Date and Time of the event
31/01/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive Independent Director

Additional Details

Date Of Appointment
30/01/2019
Name Of Person
Sazali Bin Mohd Nor
Age
61
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Sazali has extensive working experience since 1983 in the various fields in bio-pharmaceuticals, green technology and entrepreneurship.

In the area of entrepreneurship, he has driven multiple start-ups, pharmaceutical trading and distribution.

Among other achievements, he has in the capacity, acquired multiple grants from the government for pre-commercialization of biotechnology products and the setup of the Centre of Proteomic Research in FRIM with a matching grant of RM12.5million. The Centre was a recipient of the Sun Microsystems Education & Research Grant.

He recently served as the Chief Executive Officer of Pahang Technology Resources Sdn Bhd, a state-owned entity focusing in the area of technology development and Chief Executive Officer of Silk Road Development Sdn Bhd in the area of Sea Ports and Infrastructure. Now, he is assuming the role as Strategic Advisor for Mutiara Smart Sdn Bhd, a wholly owned entity of the Ministry of Finance, Inc. Malaysia within the areas of information technology business and market development.

The Nominating Committee through its industry contacts interviewed several candidates and the Board has approved his appointment and he will be replacing Ms. Chai Siew Hoon as the new Non-Executive Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive Independent Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Member of the Audit, Nominating and Remuneration Committees
Professional qualifications
Mr Sazali has attended entrepreneurship programmes under the Malaysian National Economics Policy, Bumiputra National Productivity and Mara Entrepreneurs Development.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
2012 to 2013 Pahang Technology Resources Sdn Bhd Chief Executive Officer
2014 to 2016 Swift Port Sdn Bhd Chief Executive Officer
2016 to 2017 Silk Road Development Sdn Bhd - Chief Executive Officer
2016 to 2018 Seven Seas Global Sdn Bhd - Executive Director
2018 to current Muitiara Smart Sdn Bhd Strategic Business Advisor
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)
Matapena Trading Corp Sdn Bhd

Bosa Sdn Bhd

Medik Penawar Sdn Bhd

Afo Sdn Bhd

Selamat Credit Sdn Bhd

Copyright Patent & Design Management Sdn Bhd

Syarikat Bandar Neon (M) Sdn Bhd
Present
Beyond Today Sdn Bhd

Energy Capital Consortium Sdn Bhd

Skala Ventures Sdn Bhd

Energy Today Sdn Bhd

Argo Today Sdn Bhd

Biopharma Today Sdn Bhd

Skala H2O Sdn Bhd

Swift Port Sdn Bhd

Medical Today Sdn Bhd

PowerH2O Sdn Bhd

H2OEnergy Sdn Bhd

Jumpclass Malaysia Sdn Bhd

Green Power Integration Sdn Bhd

East West Catalyst Sdn Bhd

Seven Seas Global Sdn Bhd

Digital Tijarah Sdn Bhd

Swift Capital Holdings Sdn Bhd

Solutions Research Intertech Sdn Bhd
(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
The Company, will be enrolling Mr. Sazali Bin Mohd Nor for prescribed courses.