Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
MUN SIONG ENGINEERING LIMITED
Securities
MUN SIONG ENGINEERING LIMITED - SG2C34962861 - MF6
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
04-Mar-2020 18:21:30
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG200304OTHRBDO6
Submitted By (Co./ Ind. Name)
Cheng Woei Fen
Designation
Executive Chairlady
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below.

Additional Details

Date Of Appointment
04/03/2020
Name Of Person
Mah Kai Leong
Age
67
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The nomination of Mr Mah Kai Leong ("Mr Mah") as a non-executive independent Director was duly reviewed by the Company's Nominating Committee ("NC") and the Board of Directors (the "Board"). Taking guidelines from the revised Corporate Governance Code 2018 and also the total aggregate payments paid to Mr Mah as a part time consultant was less than $50,000 (threshold), the NC is of the view, and concurred by the Board, that Mr Mah is considered a non- executive independent Director. The Board is also of the view that Mr Mah's qualifications and work experience will enhance the core competencies of the Board.
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, members of the Audit Committee, Remuneration Committee and Nominating Committee
Professional qualifications
Bachelor of Engineering (Mechanical), University of Western Australia
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
The Board of Directors have appointed Mr Mah as an independent consultant between December 2019 and February 2020 to review work procedures undertook by the Group at a client's site in Singapore. The appointment was on the Company's own accord. Between June to October 2019, Mr Mah was appointed as a consultant when the Company undertook the Taiwan project.

The Nominating Committee took into consideration the Practice Guidance 2 of the Code of Corporate Governance 2018 (the "Code"). The total fees paid to Mr Mah was S$47,500, which is below the threshold in the above-mentioned Code.

As the date of this announcement, save as disclosed, the Group and the Company's substantial shareholders, have no outstanding commercial contracts or business relationships with Mr Mah or his immediate family members.

Once Mr Mah is appointed as a non-executive independent Director, he will not offer himself as a consultant to the Group.
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
1996 - 2017
Singapore Refining Company. Major Projects and Business Development. His last appointment was that of Deputy General Manager /Chief Executive Officer.

January - May 2018
Singapore Refining Company, part-time Consultant

August 2018 - November 2018
JGC, part-time Consultant

June 2019 - February 2020
Mun Siong Engineering Limited, part-time Consultant
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)
Nil
Present
Nil
(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 is arranging for Mr Mah to attend the Listed Entity Directors Programme organised by the Singapore Institute of Directors.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable.