Change - Announcement of Appointment::REDESIGNATION OF JACOB LEUNG KWOK KUEN AS INDEPENDENT NON-EXECUTIVE CHAIRMAN

Issuer & Securities

Issuer/ Manager
VASHION GROUP LTD.
Securities
VASHION GROUP LTD. - SG1DI5000008 - 1F4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-Mar-2018 18:39:35
Status
New
Announcement Sub Title
REDESIGNATION OF JACOB LEUNG KWOK KUEN AS INDEPENDENT NON-EXECUTIVE CHAIRMAN
Announcement Reference
SG180315OTHRNJOX
Submitted By (Co./ Ind. Name)
Christian Kwok-Leun Yau Heilesen
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ('Sponsor'), Asian Corporate Advisors Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ('Exchange'). The Company's Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange 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 Ms Foo Quee Yin.
Telephone number: 6221 0271

Additional Details

Date Of Appointment
15/03/2018
Name Of Person
Mr Leung Kwok Kuen Jacob
Age
53
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board with the concurrence of the Nominating Committee has assessed and approved the redesignation of Mr Leung Kwok Kuen Jacob as the Independent Non-Executive Chairman of the Board as the Board is of the view that Mr Leung Kwok Kuen Jacob has extensive experience in securities, financial and corporate management, and hence he is suitable to become the Independent Non-Executive Chairman of the Board.
Whether appointment is executive, and if so, the area of responsibility
The appointment is non-executive. The responsibility for Independent Non-Executive Chairman are overseeing the overall management and strategic development of the Company, inter alia, leading the Board to ensure its effectiveness on all aspects of its role; Chairing meetings on key strategic development and investment plans Ensuring that the directors receive complete, adequate and timely information
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Chairman, Independent Director (Chairman of Nominating and Remuneration Committees, member of Audit Committee)
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2003 till October 2017: Eternal Pearl Securities Limited, Administrative Manager
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)
Success Richly Finance Limited
Industronics Berhad
Present
Eternal Pearl Immigration Consultant Service Limited
Echo International Holdings Group Limited
Industronics Technology Limited
Itronic Management Limited
Brilliant Communications Technology Company Limited
Itronic Services Limited
Ademco (Malaysia) Sdn Bhd
Industrial Electronics Pte Ltd
Sukitronics 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?
Yes
If Yes, Please provide full details
A tax claim by Inland Revenue of HKSAR in 2009. Have been settled on 13 August 2009 after settlement.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Mr. Leung was appointed as an Independent Non-Executive Director of Industronics Berhad, listed on main market of the Bursa Malaysia Securities Berhad in December 2013. In addition, he has been appointed as an Executive Director of Echo International Holdings Group Limited, listed on Growth Enterprise Market of the Stock Exchange of Hong Kong from August 2017.