Change - Announcement of Appointment::Appointment of a person who is a substantial shareholder and a relative of a director of the Company

Issuer & Securities

Issuer/ Manager
PAN ASIAN HOLDINGS LIMITED
Securities
PAN ASIAN HOLDINGS LIMITED - SG1Q04920423 - 5EW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-Mar-2022 12:20:05
Status
New
Announcement Sub Title
Appointment of a person who is a substantial shareholder and a relative of a director of the Company
Announcement Reference
SG220331OTHR68ZV
Submitted By (Co./ Ind. Name)
Richard Koh Chye Heng
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Koh Eddie as Managing Director of Wuhu Duvalco Valves & Fittings Co. Ltd ( "WHDVC"), a wholly-owned subsidiary of the Company incorporated in China and Director of the Company's wholly-owned subsidiary, Pan Asian Water Solutions (HK) Limited ("PAHK") with effect from 30 March 2022.

In addition to the above new roles, Mr Koh Eddie currently holds the following positions in the Group:

Managing Director of Duvalco Valves and Fittings Pte. Ltd.

Sales Director of Wuhu Duvalco Valves & Fittings Co Ltd

Director of PA Flow Technology (HK) Ltd (currently dormant)

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Date Of Appointment
30/03/2022
Name Of Person
Koh Eddie
Age
55
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has accepted the Nominating Committee's recommendation which has reviewed Mr Koh Eddie's qualifications, suitability, working experience with and contributions to the Company and its subsidiaries.

The Board is of the view that Mr Koh has the relevant experience and competency for the positions.
Whether appointment is executive, and if so, the area of responsibility
Executive.

Mr Koh Eddie will be responsible for performance and development of PAHK. Mr Koh Eddie will also be responsible for sales and marketing of valves, fittings and other associated products and overall growth of WHDVC.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director of WHDVC

Director of PAHK


Professional qualifications
Bachelor of Engineering from the National University of Singapore.
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
1. Son of Mr Richard Koh Chye Heng, Executive Chairman and Substantial Shareholder of the Company.

2. Brother of Ms Kelly Koh, Managing Director of Pan Asian Flow Technology Pte. Ltd., a wholly-owned subsidiary of the Company.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2020 to Current - Managing Director of Duvalco Valves & Fittings Pte. Ltd. and Sales director of Wuhu Duvalco Valves & Fittings Co Ltd

1989 to 2020 - Executive Director and Managing Director cum Chief Executive Officer of Pan Asian Holdings Limited.
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?
Yes
Shareholding Details
Deemed interest of 109,137,500 ordinary shares of Pan Asian Holdings Limited (representing 50.95% interest) held by Xu Jia Zu Holdings Pte. Ltd. ("XJZ") by virtue of his holding more than 20% of the total issued shares in XJZ.
# 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)
Pan Asian Flow Technology Pte. Ltd.
Sacha Inchi Pte. Ltd.
PA Tech (Asia) Pte. Ltd.
Present
Duvalco International Pte. Ltd.
Duvalco UK Limited
Duvalco Valves & Fittings Pte. Ltd.
Duvalco Valves (Wuxi) Co., Ltd.
PA Water Solutions (Shanghai) Limited
Xu Jia Zu Holdings Pte. Ltd.
Wuhu Duvalco Valves & Fittings Co. Ltd
PA Flow Technology (HK) Limited (currently dormant)
(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?
Yes
If Yes, Please provide details of prior experience
1989 to 2020 - Executive Director and Managing Director cum Chief Executive Officer of Pan Asian Holdings Limited.