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

Issuer & Securities

Issuer/ Manager
BEST WORLD INTERNATIONAL LIMITED
Securities
BEST WORLD INTERNATIONAL LTD - SG1DG3000004 - CGN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-Feb-2019 18:43:34
Status
New
Announcement Sub Title
Appointment of Non-Executive Independent Director
Announcement Reference
SG190215OTHRRSYE
Submitted By (Co./ Ind. Name)
Huang Ban Chin
Designation
Director and Chief Operating Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Fong Chester Po Wai as Non-Executive Independent Director, Nominating Committee Chairman, Remuneration Committee Member and Audit Committee Member.

Additional Details

Date Of Appointment
15/02/2019
Name Of Person
Fong Chester Po Wai
Age
62
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 approves the appointment of Mr Fong Chester Po Wai ("Mr Fong") as a Non-Executive Independent Director of the Company after having considered the recommendation of the Nominating Committee and having reviewed the credentials and experience of Mr Fong.

Please refer to the attachment on changes in the composition of the Board and Board Committees.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Nominating Committee Chairman, Remuneration Committee Member and Audit Committee Member.
Professional qualifications

Graduated from the University of Hong Kong with a bachelor's degree in social sciences in November 1976 and from the University of Derby in the United Kingdom with a master's degree in business administration in November 2014.

Admitted as associate of the Association of Certified Accountants in December 1979 and has been a member of the Hong Kong Institute of Certified Public Accountants (formerly known as Hong Kong Society of Accountants) since March 1982. Also admitted as a member of the Certified General Accountants Association of Ontario in Canada since June 1992.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer 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
Senior Advisor at McKinsey & Company (Present);
Senior Advisor at Actis LLP, a private equity firm (July 2011 to June 2013);
Chairman & CEO of Greater China and CFO of Greater Asia at Colgate-Palmolive (Past).
Mr Fong has more than 30 years of experience in general management and corporate finance roles at Colgate-Palmolive.
He was a part-time lecturer on corporate governance at Polytechnic University of Hong Kong.

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
Huge Cyber Limited
New Era Nutrition Inc.
Bownice Development Limited
(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
Best World International Limited will arrange for Mr Fong Chester Po Wai to receive relevant training on the roles and responsibilities of a director of a listed company in Singapore.

Attachments

2019 02 15 BWIL Ann Change Composition of Board and Board Committees.pdf
Total size =55K