Change - Announcement of Appointment::Redesignation of Independent Director to Non-Executive Independent Chairman of the Board
Issuer & Securities
Issuer/ Manager
CHALLENGER TECHNOLOGIES LIMITED
Securities
CHALLENGER TECHNOLOGIES LTD - SG1O97915910 - 573
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-Feb-2022 17:57:30
Status
New
Announcement Sub Title
Redesignation of Independent Director to Non-Executive Independent Chairman of the Board
Announcement Reference
SG220210OTHRKUDV
Submitted By (Co./ Ind. Name)
Chia Foon Yeow
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Redesignation of Independent Director to Non-Executive Independent Chairman of the Board of the Company.
Additional Details
Date Of Appointment
10/02/2022
Name Of Person
Max Ng Chee Weng
Age
51
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
29/04/2019
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of the Company (the "Board"), having reviewed and considered the Nominating Committee's ("NC's") assessment of Mr Ng's qualifications and work experience, is of the view that Mr Ng possesses the requisite experience and capabilities to assume the responsibilities as the Non-Executive Independent Chairman of the Board.
The Board therefore approves the redesignation of Mr Ng from his current position as the Independent Director of the Company to the Non-Executive Independent Chairman of the Board (the "Redesignation").
Mr Ng has abstained from the deliberation of the NC as well as that of the Board pertaining to his Redesignation.
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 Chairman of the Board, Chairman of the Nominating Committee and Remuneration Committee, and Member of the Audit Committee
Professional qualifications
Bachelor of Laws, National University of Singapore
Master of Laws, National University of Singapore
Fellow with the Singapore Institute of Arbitrators
Fellow with the Asian Institute of Alternative Dispute Resolution
Associate with the Chartered Institute of Arbitrators
Associate Mediator with the Singapore Mediation Centre
Associate Mediator with the Panel of Mediators for the Law Society Mediators Scheme
Panel of Arbitrators and Mediators for the Law Society Mediators Scheme
Panel of Arbitrators and Mediators of the Asian International Arbitration Centre
Commissioner for Oaths and Notaries Public
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
Managing Director of Gateway Law Corporation
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
Mr Ng has direct interest in 17,500 shares in the Company
# 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)
Past Directorships:
AquaAgro Projects Pte. Ltd.
Adamas Pharmaceuticals Asia Pte. Ltd.
Almond Innovations Pte. Ltd.
BelleKimia Singapore Pte. Ltd.
Bloom Aqua Pte. Ltd.
Discoperi Pte. Ltd.
Hillmorton Pte. Ltd.
Infoserve Holdings Pte. Ltd.
Mitik Nature Pte. Ltd.
Phyto Medichem Singapore Pte. Ltd.
Pay All Lifestyle Network Pte. Ltd.
Quang Minh Vietnam-Singapore Pte. Ltd.
Sea Aquaculture Pte. Ltd.
Sintech CLC Pte. Ltd.
Techjet Aviation Pte. Ltd.
Tradeways Pte. Ltd.
Laumes International Resorts Pte. Ltd.
Present
Present Directorships:
Alpha DX Group Limited
Achilles Sports Pte. Ltd.
Advantage Property Services Pte. Ltd.
Amaroo Blackdown Investments Pte. Ltd.
Aryaka Networks Singapore Pte. Ltd.
Cronus Sports Pte. Ltd.
Dawei LNG Terminal Holding Pte. Ltd.
Dawei Power Holding Pte. Ltd.
Dawei Residence Holding Pte. Ltd.
Dawei Telecom Holding Private Limited
DMPH Holdings Pte. Ltd.
Euro Moto Sport Pte. Ltd.
Eurobikes Trading Company Pte. Ltd.
Finscore Pte. Ltd.
Full Prospect (IP) Pte. Ltd.
Gateway Corporate Services Pte. Ltd.
Gateway IP Services Sdn. Bhd.
Gateway Law Corporation
Hebe Fashions Pte. Ltd.
HGB Region Pte. Ltd.
Kingkow (IP) Pte. Ltd.
Kolon Sport China (IP) Pte. Ltd.
La Plantation Management Pte. Ltd.
LNG Plus International (Singapore) Pte. Ltd.
Lukela Pte. Ltd.
Marine Stewardship Council Asia Ltd.
McLarty Asia Pte. Ltd.
MOBH Holding Pte. Ltd.
Motive Force Sports Products (Singapore) Pte. Ltd.
Myandawei Industrial Estate Holding Pte. Ltd.
Oatly APAC Pte. Ltd.
Oatly Pte. Ltd.
Oatly Singapore Operations & Supply Pte. Ltd.
Osotspa Enterprises Singapore Pte. Ltd.
Oventure Pte. Ltd.
SLTI Pte. Ltd.
Thai International Industrial Estate
Development Private Limited
Thai Power Development Private Limited
Thai Telecom Development Private Limited
Wing (Cambodia) Pte. Ltd.
Xcoal Energy & Resources Sing
(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
Alpha DX Group Limited - Independent Non-Executive Director
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
Related Announcements
Related Announcements
18/02/2022 18:02:14