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

Issuer & Securities

Issuer/ Manager
OCEANUS GROUP LIMITED
Securities
OCEANUS GROUP LIMITED - SG1M80907371 - 579
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Oct-2019 17:34:19
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG191002OTHRANIK
Submitted By (Co./ Ind. Name)
PETER KOH HENG KANG
Designation
EXECUTIVE DIRECTOR AND CEO
Description (Please provide a detailed description of the event in the box below)
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Additional Details

Date Of Appointment
02/10/2019
Name Of Person
EUGEN CHUA
Age
40
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Upon the recommendation of the Nominating Committee, which had reviewed the qualifications and experiences of Mr Chua, the Board of Directors approved his appointment as an Independent Non-Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of Remuneration Committee and a member of the Nominating Committee
Professional qualifications
1) ASEAN CPA, ASEAN Chartered Professional Accountant Coordinating Committee
2) Chartered Valuer and Appraiser, Institute of Valuers and Appraisers of Singapore
3) Chartered Accountant (Singapore), Institute of Singapore Chartered Accountants
4) Certificate in General Insurance, Singapore College of Insurance
5) Certificate in Reinsurance, Singapore College of Insurance
6) Energy Innovation and Emerging Technologies Professional Certificate, Stanford Center for Professional Development
7) Professional Certificate - Mergers & Acquisitions, New York Institute of Finance
8) Professional Chinese in Finance and Accounting Certificate , Confucius Institute, Nanyang Technological University
9) Capital Markets and Financial Advisory Services Modules 3, 4A, 5, 8 and 8A
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
September 2002 to September 2010
Chief Financial Officer, D'League Pte. Ltd.

April 2005 to September 2010
Chief Financial Officer/ Finance Director, Richard Mille (Asia) Limited

July 2012 to March 2013
Executive Director and Deputy Chief Executive Officer, YZJ Offshore Engineering Pte. Ltd.

July 2012 to March 2013
Executive Director and Chief Financial Officer, PPL Holdings Pte. Ltd.

October 2010 to March 2013
Executive Director and Chief Financial Officer , Fulton Capital Management Limited

March 2013 to present
Director, Cap 1 Financial Pte. Ltd.

August 2019 to present
Chief Investment Officer, CFAM Pte. Ltd.
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
Direct Interest of 3,000,000 shares and deemed interest of 258,292,452 shares held by EMEC Holdings Pte. Ltd.
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Cap 1 Financial Pte. Ltd.- Executive Director C1 Investments Pte. Ltd. - Executive Director EMEC Holdings Pte. Ltd. - Director
Autovisa Pte. Ltd. - Director
JCXY69 Pte. Ltd. - Director
Present
CFAM Pte. Ltd. - Chief Investment Officer
Cap 1 Financial Pte. Ltd.- Director
C1 Investments Pte. Ltd. - Director
EMEC Holdings Pte. Ltd. - Director
Autovisa Pte. Ltd. - Director
JCXY69 Pte. Ltd. - Director
(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
Will be attending the Listed Entity Director (LED)
Programme organised by the Singapore
Institute of Directors in October 2019:
LED 1 - Listed Entity Director Essentials (9 Oct 2019)
LED 2 - Board Dynamics (10 Oct 2019)
LED 3 - Board Performance (10 Oct 2019)
LED 4 - Stakeholder Engagement (11 Oct 2019)
LED 5 - Audit Committee Essentials (16 Oct 2019)
LED 7 - Nominating Committee Essentials (17 Oct 2019)
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)
NA