Change - Announcement of Appointment::Appointment of Non-Independent Non-Executive Chairman
Issuer & Securities
Issuer/ Manager
NERA TELECOMMUNICATIONS LTD
Securities
NERATELECOMMUNICATIONS LTD - SG1I64883495 - N01
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Oct-2024 17:36:13
Status
New
Announcement Sub Title
Appointment of Non-Independent Non-Executive Chairman
Announcement Reference
SG241025OTHRN4AK
Submitted By (Co./ Ind. Name)
Gwendolyn Gn Jong Yuh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Independent Non-Executive Chairman
Additional Details
Date Of Appointment
28/10/2024
Name Of Person
Chu, Fu-Chuan
Age
62
Country Of Principal Residence
Taiwan, Province Of China
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors, having considered the recommendation of the Nominating Committee and having reviewed and considered the qualifications, working experience and suitability of Chu, Fu-Chuan ("Mr Chu"), is of the view that Mr Chu has the requisite experience and capability to assume the responsibility as the Non-Independent Non-Executive Chairman of the Company.
Accordingly, the Board of Directors approved the appointment of Mr Chu as the Non-Independent Non-Executive Chairman of the Company.
Whether appointment is executive, and if so, the area of responsibility
Appointment: Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Chairman, Member of the Audit and Risk Management Committee and Remuneration Committee
Professional qualifications
Bachelor of Electronic Engineering
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2014 till now:
Chairman & CEO, Ennoconn Corporation
Board Director, Management board of Marketech International Corp.
Chairman, CASWell, Inc.
Chairman, GoldTek Technology Co., Ltd.
Chairman, AIS Cayman Technology Group
Chairman, EnnoMech Precision Co., Ltd.
Chairman, Dexatek Technology Ltd.
Chairman, PosLAB Technology Corp.
Chairman, HighAim Technology Inc.
Deputy Chairman / Board Director of Kontron AG
Board Director, Ennoconn Solutions Singapore Pte. Ltd.
Board Director, EnnoAI Solutions Singapore Pte. Ltd.
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)
NA
Present
2014 till now:
Chairman & CEO, Ennoconn Corporation (Taiwan, public)
Board Director, Management board of Marketech International Corp. (Taiwan, public)
Chairman, CASWell, Inc. (Taiwan, public)
Chairman, GoldTek Technology Co., Ltd. (Taiwan, public)
Chairman, AIS Cayman Technology Group (Cayman, Private)
Chairman, EnnoMech Precision Co., Ltd. (Taiwan, Private)
Chairman, Dexatek Technology Ltd. (Taiwan, Private)
Chairman, PosLAB Technology Corp. (Taiwan, Private)
Chairman, HighAim Technology Inc. (Samoa, Private)
Deputy Chairman / Board Director of Kontron AG
(Germany, public)
Board Director, Ennoconn Solutions Singapore Pte. Ltd. (Singapore, private)
Board Director, EnnoAI Solutions Singapore Pte. Ltd. (Singapore, private)
(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
NA
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)
Notwithstanding the fact that Mr Chu has no prior experience as a director of a listed company on the Exchange, Mr Chu is familiar with the roles and responsibilities of a director as he sits on the boards of various companies in other jurisdictions, including public companies listed in Taiwan and Germany. Further, Mr Chu has attended various training modules and courses held by the Taiwan Corporate Governance Association and the Taiwan Stock Exchange in relation to directorship. Please refer to the attached table for more information. Accordingly, the Nominating Committee believes Mr Chu to possess sufficient relevant experience and expertise to dispense with the requirement for training under Rule 210(5)(a) of the Mainboard Rules.
Attachments
Lists of Directorship courses attended by Mr Chu Fu-Chuan.pdf
Total size =106K
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