Change - Announcement of Appointment::APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
ADDVALUE TECHNOLOGIES LTD
Securities
ADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
04-Nov-2022 19:40:29
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG221104OTHR2XCT
Submitted By (Co./ Ind. Name)
DR CHAN KUM LOK COLIN
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms Goh Liang Choo as an Independent Non-Executive Director of the Company.

Additional Details

Date Of Appointment
10/11/2022
Name Of Person
GOH LIANG CHOO
Age
56
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board, having accepted the recommendation of its NC to appoint Ms Goh Liang Choo as an Independent Non-Executive Director of the Company, is of the opinion that Ms Goh brings with her more than 30 years of management experience with her career in Shell, UBS Warburg (London), General Electric Company (USA) and Ernst and Young Singapore on roles encompassing financial management board governance, acquisitions and business integrations, external audit, process and business transformation. The Company will be able to tap on her expertise and experience, particularly, on matter relating to finance. In addition, Ms Goh being a CPA will not only strengthen the Board composition but also improve Board s independence and add gender diversity to enhance corporate governance
Whether appointment is executive, and if so, the area of responsibility
Non-Executive and Independent
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Chairman of Audit Committee, Member of the Nominating & Remuneration and Risk Committees
Professional qualifications
Ordinary member (Singapore Institute of Directors)
Chartered Accountant (Institute of Singapore Chartered Accountants)
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Vice President Controller Shell Finance & Data Operations (Dec 2015- Dec 2021)
Shell Downstream East Controller & Singapore Country controller (Aug 2012-Nov 2015)
Shell Chemicals Global Joint Ventures Finance Manager (July 2008-July 2012)
Vice President Finance & Planning Asia Pacific - Shell Gas & Power (June 2006-June 2008)
Vice President Finance & Planning Africa & Americas Shell Gas & Power (May 2002- May 2006)

Prior to Shell, Ms Goh worked in diverse roles with UBS Warburg (London), General Electric Company (USA)and Ernst & Young Singapore which include investment banking Operational Risk; Acquisitions & Business Integrations, Process and Business transformation and External audit.

Summary
- Experienced Executive and non-Executive Board Director of more than 10 Shell wholly owned companies and joint ventures
- Chartered accountant with 34 years experience in diverse finance & non-finance expertise areas
- Global experience in Americas, Europe, Africa, Asia Pacific and Middle East
- Diverse industries experience (including Oil & Gas, Chemicals, Power, Investment banking, Shared Services)
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)
Director roles in various Shell Companies as described above
Present
Retired on 1st January 2022
(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
No prior experience as listed companies director, though has regional controller responsibilities for Shell operated listed companies in Korea, Oman, Pakistan and Malaysia.
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)
Ordinary member of Singapore Institute of Directors; will be attending the Listed entities directors core modules and at least 2 electives (Board audit committee and Board risk committee )