Change - Announcement of Appointment::Appointment of Independent Non-Executive Director - Ms Chan Lai Fung

Issuer & Securities

Issuer/ Manager
SATS LTD.
Securities
SATS LTD. - SG1I52882764 - S58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Feb-2024 19:17:52
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director - Ms Chan Lai Fung
Announcement Reference
SG240226OTHRAS05
Submitted By (Co./ Ind. Name)
Low Siew Tian
Designation
Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms Chan Lai Fung as an Independent Non-Executive Director of SATS Ltd.

Additional Details

Date Of Appointment
28/02/2024
Name Of Person
Chan Lai Fung
Age
60
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)
Ms Chan Lai Fung is currently Deputy Chairman of NTUC Health. Ms Chan had served in various appointments across several ministries and agencies since 1987 before she retired from the Singapore Public Service in Oct 2023. In 2002, she was appointed as the Deputy Secretary of the then-Ministry of Environment and subsequently Deputy Secretary of Ministry of Trade and Industry in 2004. In 2005, Ms Chan assumed her first Permanent Secretary ("Perm Sec") appointment in the Ministry of Law. She was appointed as the Perm Sec (Finance Performance) of Ministry of Finance from 2009 to 2012. From 2012 to 2019, Ms Chan served as the Perm Sec of the Ministry of Education. Since 2019, Ms Chan has held concurrent roles as the Board Member of National Research Foundation, the Perm Sec of National Research & Development, National Research Foundation, the Perm Sec of Science & Technology Policy and Plans Office, Prime Minister's Office and the Chairman of Agency for Science, Technology and Research.

With her extensive experience and background in education and national research, particularly in the areas of talent development and innovation, her expertise will bring added value and synergy to the Board and enhance the existing competencies and skills within the Board. The Board has approved the appointment of Ms Chan as an Independent Non-Executive Director of the Company after having considered the recommendation of the Nominating Committee and having reviewed her experience and skillset.
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
Member, Safety, Sustainability and Risk Committee
Professional qualifications
Bachelor of Economics (First Class Honours), Monash University, Australia
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
Ms Chan was appointed as the Permanent Secretary of the Ministry of Education from 2012 to 2019. Ms Chan has held concurrent roles as the Board Member of National Research Foundation, the Permanent Secretary of National Research & Development, National Research Foundation, the Permanent Secretary of Science & Technology Policy and Plans Office, Prime Minister's Office and the Chairman of Agency for Science, Technology and Research from 2019 to 2023, before she retired from the Singapore Public Service in October 2023.
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)
2010 to 2019: Board Member, PSA International Pte Ltd

2012 to 2019: Board Member, Nanyang Technological University

2012 to 2019: Permanent Secretary (Education), Ministry of Education

2012 to 2019: Board Chairman, National Institute of Education

2019 to 2023: Permanent Secretary (Science & Technology Policy and Plans Office), Prime Minister's Office

2019 to 2023: Permanent Secretary (National Research & Development), National Research Foundation

2019 to 2023: Board Chairman, Agency for Science, Technology & Research

2019 to 2023: Board Member, National Research Foundation
Present
2022 to Present: Board Member, NTUC Health

2024 to Present: Deputy Chairman, NTUC Health
(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
Ms Chan will attend the prescribed trainings within one year from the date of her appointment to the Board.