Change - Announcement of Appointment::RE-DESIGNATION OF EXECUTIVE CHAIRMAN TO FOUNDER AND EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
INTERNATIONAL PRESS SOFTCOM LIMITED
Securities
INTERNATIONAL PRESS SOFTCOM - SG1G93873220 - 571
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
05-Jan-2018 18:41:50
Status
New
Announcement Sub Title
RE-DESIGNATION OF EXECUTIVE CHAIRMAN TO FOUNDER AND EXECUTIVE DIRECTOR
Announcement Reference
SG180105OTHRTCQ5
Submitted By (Co./ Ind. Name)
Teh Eng Chai
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 its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship (Mailing address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Date Of Appointment
05/01/2018
Name Of Person
Low Song Take
Age
82
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr. Low Song Take ("Mr. Low") has expressed his intention to relinquish his Chairman role. Having given due consideration, the Nominating Committee and the Board has approved the re-designation of Mr. Low as Founder of the Company and continue to serve on the Board as an Executive Director.
Whether appointment is executive, and if so, the area of responsibility
Executive. Responsible for overseeing the overall operations of the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Founder and Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr. Low is the father of Mr. Low Ka Choon Kevin, who is the Managing Director/Chief Executive Officer of the Company.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
International Press Softcom Limited - Chairman and Executive Director
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 - 29,541,600 ordinary shares

Indirect Interest - 286,839,480 ordinary shares

Mr. Low Song Take and Mr. Low Ka Choon Kevin are deemed to have an interest in the 286,839,480 shares held by Ze Hua Holdings Pte. Ltd. in International Press Holdings Pte. Ltd. and its subsidiaries.

Mr. Low Ka Choon Kevin is the son of Mr. Low Song Take.
# 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)
Nil
Present
1. Enterprise Promotion Centres Pte Ltd
2. IP Softcom (Xiamen) Co., Ltd
3. International Press Holdings Pte Ltd
4. IP Softcom (Shanghai) Co., Ltd
5. IP Softcom (Malaysia) Sdn Bhd
6. IP Media (Xiamen) Co., Ltd
7. IP Softcom (Shenzhen) Co., Ltd
8. IP Softcom (Australia) Pty Ltd
9. Ze Hua Holdings Pte Ltd
10. IP Ventures Pte Limited
11. InPac Ventures Pte Ltd
12. Greenfield Ventures (M) Sdn Bhd
13. IPS Trading (Shanghai) Co., 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 a listed company?
Yes
If Yes, Please provide details of prior experience
International Press Softcom Limited