Change - Announcement of Appointment::APPOINTMENT OF GROUP FINANCIAL CONTROLLER

Issuer & Securities

Issuer/ Manager
KLW HOLDINGS LIMITED
Securities
KLW HOLDINGS LTD - SG1G23864448 - 504
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Apr-2020 19:02:02
Status
New
Announcement Sub Title
APPOINTMENT OF GROUP FINANCIAL CONTROLLER
Announcement Reference
SG200429OTHRBIRU
Submitted By (Co./ Ind. Name)
KLW Holdings Limited
Designation
Board of Directors
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, R & T Corporate Services Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement including the accuracy or completeness of any of the figures used, statements, opinions or other information made or disclosed.

This announcement has not been examined or approved by the SGX-ST. 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 Mr Howard Cheam Heng Haw (Telephone: +65 6232 0685) at R & T Corporate Services Pte. Ltd., 9 Straits View, Marina One West Tower, #06-07, Singapore 018937.

Additional Details

Date Of Appointment
29/04/2020
Name Of Person
Ng Yui Wei
Age
46
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee, having reviewed and considered Mr Ng's qualifications and working experience, is of the view that he has the requisite experience and capabilities for the position and recommended his appointment. The Board of Directors, having considered the Nominating Committee's recommendation, approved the appointment.
Whether appointment is executive, and if so, the area of responsibility
Executive position. Responsible for the Group's financial and accounting matters and its compliance with financial reporting and regulatory requirements.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Financial Controller
Professional qualifications
Certified Public Accountant of Australia and Chartered Accountant, Institute of Chartered Accountants 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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
March 2019 to April 2020
Mary Chia Holdings Limited-Group Chief Financial Officer

February 2018 to February 2019
Pacific Star Development Limited-Group Financial Controller

June 2014 to February 2018
Acesian Partners Limited-Group Chief Financial Officer

March 2014 to June 2014
Metallic Refinering Enterprise Pte Ltd (Taka Jewellery Pte Ltd)-Group Financial Controller

September 2012 to March 2014
TEE Land Limited-Financial Controller

June 2011 to August 2012
Overseas in the United States of America for Spouse's medical fellowship

October 2007 to June 2011
Alstom Transport (S) Pte Ltd / Alstom Power Singapore Pte Ltd-Finance Manager Asia Pacific / Project Controller DTL1 & 2 and NEL Extension


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)
June 2018 to January 2019
Durabeau Industries Pte Ltd (Under creditors' voluntary liquidation from May 2019)

June 2018 to January 2019
LH Aluminium Industries Pte Ltd (Under creditors' voluntary liquidation from May 2019)
Present
None
(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?
Yes
If Yes, Please provide full details
1. During his tenure as Group Chief Financial Officer of Acesian Partners Limited ("APL"), APL's wholly-owned subsidiary of APL, Acesian Star (S) Pte Ltd, was placed under judicial management in January 2017. Please refer to the announcement dated 24 January 2017 by APL for further details.
2. During his tenure as Group Financial Controller of Pacific Star Development Limited ("PSDL"), he was a director of PSDL's wholly-owned subsidiaries, Durabeau Industries Pte Ltd and LH Aluminium Industries Pte Ltd, from June 2018 to January 2019. On 22 May 2019 and 31 May 2019, as announced by PSDL, the two aforementioned entities were placed under creditors' voluntary liquidation.
(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
Not Applicable.
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.