Change - Announcement of Appointment::Appointment of Chief Financial Officer
Issuer & Securities
9R LIMITED - SGXE45420721 - 1Y1
Change - Announcement of Appointment
Date &Time of Broadcast
Announcement Sub Title
Appointment of Chief Financial Officer
Submitted By (Co./ Ind. Name)
Lai Kuan Loong, Victor
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms Chong Meng Fong as Chief Financial Officer
This announcement has been prepared by 9R Limited (formerly known as Viking Offshore and Marine Limited) (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Lance Tan, Senior Vice President at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.
Date Of Appointment
Name Of Person
Chong Meng Fong
Country Of Principal Residence
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The appointment of Ms Chong Meng Fong as Chief Financial Officer has been recommended by the Nominating Committee and Audit and Risk Committee of the Company and approved by the Board of Directors of the Company ("Board") after taking into consideration Ms Chong's qualifications, expertise and work experience. The Board is satisfied that Ms Chong has the requisite experience and capabilities to assume the role and responsibilities of Chief Financial Officer.
Whether appointment is executive, and if so, the area of responsibility
This is an executive appointment and Ms Chong is responsible for overseeing the financial, accounting and corporate secretarial matters of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
The Association of Chartered Certified Accountants
Malaysia Institute of Accountants
Master of Business Administration, University Sains Malaysia
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
Conflict of interests (including any competing business)
Working experience and occupation(s) during the past 10 years
Jan 2023 to Mar 2023:
Sime Darby Properties Berhad - General Manager - Finance (Accounts & Reporting)
Aug 2022 to Jan 2023:
DKMY Properties Sdn Bhd - Financial Controller
Feb 2014 to Jul 2022:
Aspen (Groups) Holding Ltd - Divisional Director, Finance (last position held)
Jun 2006 to Feb 2014:
Hunza Properties Berhad - Group Accountant
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Shareholding interest in the listed issuer and its subsidiaries?
# 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)
(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?
(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?
(c) Whether there is any unsatisfied judgment against him?
(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?
(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?
(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?
(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?
(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?
(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?
(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
If Yes, Please provide full details
Ms Chong was the Financial Controller/Divisional Director of Finance at Aspen (Group) Holdings Limited ("AGH") from 1 February 2019 to 31 July 2022.
On 26 August 2022, the SGX-ST Listings Disciplinary Committee (the "LDC") reprimanded AGH for breaching Mainboard Rules 703 and 719(1) by:
a) releasing an announcement on SGXNET, disclosing that one of the subsidiaries of AGH had entered into a Master Supply Agreement ("MSA") with Honeywell International Inc ("Honeywell"), which was non-factual, false and misleading;
b) failing to promptly disclose (i) the non-consummation of the MSA by Honeywell, and (ii) that negotiations with Honeywell on the MSA had been officially terminated, material information known to AGH which was necessary to avoid the establishment of a false market in AGH's securities; and
c) failing to have in place adequate and effective systems of internal controls and risk management systems.
The LDC also reprimanded the Group Chief Executive Officer and the Executive Directors of AGH, under Mainboard Rule 1402, for causing AGH to breach Mainboard Rules 703 and 719(1). A private warning was also issued to the other relevant directors of AGH.
For clarity, the finance team of AGH was not involved in the process of entering the MSA with Honeywell. Hence, Ms Chong was not a subject of the abovementioned disciplinary proceedings. For further details on the disciplinary proceedings, please refer to the grounds of decision published by the LDC on 26 August 2022.
(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
(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
(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?
(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?
Any prior experience as a director of an issuer listed on the Exchange?
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
N/A. The appointment is not as a Director of the Company.