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

Issuer & Securities

Issuer/ Manager
YOMA STRATEGIC HOLDINGS LTD.
Securities
YOMA STRATEGIC HOLDINGS LTD - SG1T74931364 - Z59
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
19-May-2016 07:46:37
Status
New
Announcement Sub Title
Appointment of Non-Executive Independent Director
Announcement Reference
SG160519OTHR4VKB
Submitted By (Co./ Ind. Name)
Melvyn Pun
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Dato Timothy Ong Teck Mong as a Non-Executive Independent Director and a member of the Audit and Risk Management Committee.

Additional Details

Date Of Appointment
20/05/2016
Name Of Person
Dato Timothy Ong Teck Mong
Age
62
Country Of Principal Residence
Brunei Darussalam
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Dato Ong was nominated through personal contacts. The Nominating and Governance Committee ("NGC") had reviewed the qualifications, working experience, capabilities and other relevant factors of Dato Ong and the NGC is satisfied that the selection criteria has been met. Dato Ong also undertook an assessment of independence. Upon the recommendation of the NGC, the Board of Directors approved Dato Ong's appointment as a Non-Executive Independent Director of the Company. The Board considers Dato Ong to be independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.
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 and Member of Audit and Risk Management Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Dato Timothy Ong Teck Mong is a leading Brunei businessman who served as the Acting Chairman of the Brunei Economic Development Board (BEDB) from 2005 to 2010.

Dato Ong is a member of a number of leading Brunei and regional boards including Asia Inc Forum, Baiduri Bank Group, National Insurance of Brunei, Hotel Associates Sdn Bhd and the Asian Advisory Board of Prudential Financial. He is also a member of the Board of Governors of the Asian Institute of Management (AIM) and a Trustee of the Ramon Magsaysay Awards Foundation.

Dato Ong represented Brunei in a number of regional councils including the APEC Business Advisory Council (ABAC) which he chaired in 2000, the APEC Eminent Persons Group, ASEAN-Japan Business Meeting and the Pacific Economic Cooperation Council. Other former appointments include being a board member of Singapore Petroleum Company Limited, the East-West Centre and The Nature Conservancy.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
925,000 shares in the Company
Other Directorships
# 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)
Araco Sdn Bhd
Jebsen & Jessen (SEA) Pte Ltd
Rich Terrain Investments Limited
SPA ASEAN Frontier Fund I (Cayman)
Present
Asia Inc Capital Sdn Bhd
Asia Inc Forum Sdn Bhd
Baiduri Bank Bhd
Baiduri Finance Bhd
BruCapital Holdings Sdn Bhd
Brunei Hotel Sdn Bhd
Cemerjaya Sdn Bhd
Clarity Sdn Bhd
Everon Sdn Bhd
Hexalink Investment Pty Ltd
Hotel Associates Sdn Bhd
Jebsen & Jessen (Brunei) Sdn Bhd
National Insurance Co. Bhd
Pansar Company Sdn Bhd
Praxis Energy Sdn Bhd
Quest Sdn Bhd
Sumber Mulia Holdings Sdn Bhd
TEE Land Limited
Wawasan Holdings Pty Ltd
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Independent Director of Singapore Petroleum Company Limited
Non-Executive Director of TEE Land Limited