Change - Announcement of Appointment::Appointment of Lead Independent Director and Chairman of the Audit Committee

Issuer & Securities

Issuer/ Manager
FAR EAST GROUP LIMITED
Securities
FAR EAST GROUP LIMITED - SG2D48972988 - 5TJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Sep-2020 12:18:35
Status
New
Announcement Sub Title
Appointment of Lead Independent Director and Chairman of the Audit Committee
Announcement Reference
SG200901OTHR5ZOE
Submitted By (Co./ Ind. Name)
Loh Mun Yew
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Lee Khai Yinn (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
01/09/2020
Name Of Person
Ho Boon Chuan Wilson
Age
50
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has reviewed and considered the qualifications and work experience of Mr Ho Boon Chuan Wilson and approved his appointment as a Lead Independent Director, Chairman of the Audit Committee, and member of the Nominating Committee and Remuneration Committee of the Company. The Board considers Mr Ho Boon Chuan Wilson to be independent for the purpose of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit Committee, and member of the Nominating Committee and Remuneration Committee of the Company
Professional qualifications
Bachelor of Accountancy (Hons) at Nanyang Technological University
Chartered Financial Analyst, Singapore
Chartered Accountant, Singapore
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
December 2013 - present: Kim Heng Offshore & Marine Holdings Limited (Listed on Catalist board of SGX-ST) - Audit Committee Chairman and Lead Independent Director
July 2012 - February 2018: Sysma Holdings Limited (Listed on Catalist board of SGX-ST) - Independent Director
December 2011 - Present: Westcon-Comstor - Managing Director, Asia
April 2005 - June 2011: Multi-Chem Limited (Listed on the Main board of SGX-ST) - Executive Director
November 2003 - April 2013: Challenger Holdings Limited - Audit Committee Chairman and Independent Director
May 2002 - May 2011: M.Tech Group of companies - Deputy Managing Director
March 2000 - May 2011: Multi-Chem Limited - Chief Financial Officer & Company Secretary
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)
Directorships:
Sysma Holdings Limited

Other Principal Commitments:
Legal representative of
Westcon Group (Vietnam) Co. Ltd
Westcon Solutions China Shenzhen Branch
Present
Directorships:
Kim Heng Offshore & Marine Holdings Limited
PT Westcon Solutions
Westcon Group (Thailand) Co. Ltd
Westcon Solutions (HK) Limited
Westcon Solutions IMH Pte. Limited
Westcon Solutions (M) Sdn. Bhd.
Westcon Solutions Philippines Inc.
Westcon Solutions Pte. Limited
Westconcomstor International (India) Private Limited
WHOM Pte. Ltd.

Other Principal Commitments:
Please refer to "Working experience and occupation(s) during the past 10 years" section above.

Legal representative of
Westcon Solutions China Jing An Branch
Westcon Solutions China Beijing Branch
(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
Please refer to "Working experience and occupation(s) during the past 10 years" section above. Mr Ho has years of experience as a director in SGX Main board and Catalist board listed companies.