Change - Announcement of Appointment::Appointment of Chua Siong Kiat as Independent Director
Issuer & Securities
Issuer/ Manager
CHINA STAR FOOD GROUP LIMITED
Securities
CHINA STAR FOOD GROUP LIMITED - SG1CE1000003 - 42W
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Sep-2019 18:01:26
Status
New
Announcement Sub Title
Appointment of Chua Siong Kiat as Independent Director
Announcement Reference
SG190926OTHR2M4I
Submitted By (Co./ Ind. Name)
Lim Kok Meng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and reviewed by the sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "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 correctness of any of the statements or opinions made, or reports contained in this announcement.
The contact person for the Sponsor is Mr Pong Chen Yih, Chief Operating Officer, at 9 Raffles Place, #17-05 Republic Plaza Tower 1, Singapore 048619, telephone (65) 6950 2188.
Additional Details
Date Of Appointment
26/09/2019
Name Of Person
Chua Siong Kiat
Age
48
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 considered and accepted the Nominating Committee's recommendation to appoint Mr Chua Siong Kiat as an Independent Director of the Company, after reviewing his educational background, professional qualifications and extensive working experience.
The Board considers Mr Chua Siong Kiat to be independent for the purposes of Rule 704(7) of the Catalist Rules.
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 Director
RC Chairman
AC Member
NC Member
Professional qualifications
Master of Business Administration and Diploma of the Imperial College in Management with Imperial College London Business School (MBA, DIC)
Fellow Member of Association of Chartered Certified Accountants (FCCA)
Certified Internal Auditor (CIA)
Chartered Accountant, Singapore (CA, Singapore)
Associate Member of Singapore Institute of Directors (SID)
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
Yes, I am currently a director as well as a shareholder of Starwork Vision Pte Ltd ("Starwork"), holding approximately 4% of the shares of Starwork. The majority and controlling shareholder of Starwork is PTS Capital Pte Ltd, a substantial shareholder of the Company.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
November 2015 to Present
Director of Lighthouse Business Consulting Pte Ltd
July 2017 to January 2018
Appointed Chief Financial Officer, Global Hospitality Trust Project, of Amare Investment Management Group Pte Ltd
February 2017 to July 2017
Executive Director and Head of Non-Property division of Pacific Star Development Limited
March 2016 to February 2017
Alternate Director of LH Group Limited (now known as Pacific Star Development Limited)
July 2016 to February 2017
Interim Group Chief Operating Officer of LH Group Limited (now known as Pacific Star Development Limited)
July 2013 to September 2015
Executive Director and Chief Financial Officer of Libra Group Limited
February 2011 to May 2013
Director, Finance & Control, Asia, ex-China, of Imtech Marine BV
July 2009 to December 2010
Sub-Regional Controller, China, Sri Lanka and India, of AES Corporation
May 2008 to June 2009
Deputy Finance Director, North China Region, based in Beijing, China, of British Sugar Group 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?
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)
Omni Sharing Pte Ltd
Pacific Star Development Limited
Durabeau Industries Pte Ltd
LH Aluminium Industries Pte Ltd
Autotrax Industries Pte Ltd
Autovox Korea Co., Ltd
V Capital Investment Pte Ltd
Libra Group Limited
Amare Investment Management Group Pte Ltd
Present
Lighthouse Business Consulting Pte Ltd
National Arthritis Foundation
Starwork Vision Pte Ltd
Robotic Vision Inc. Pte Ltd
(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
Executive Director and Head of the Non-Property division of Pacific Star Development Limited from Feb 2017 to July 2017.
Alternate Director of LH Group Limited (now known as Pacific Star Development Limited) from March 2016 to February 2017.
Executive Director and Chief Financial Officer of Libra Group Limited from July 2013 to September 2015.
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