Change - Announcement of Appointment::Appointment of Non-Executive and Independent Director and Member of the ESG Committee

Issuer & Securities

Issuer/ Manager
KEPPEL INFRASTRUCTURE FUND MANAGEMENT PTE LTD
Securities
KEPPEL INFRA TRUST WEF 2015 - SG1U48933923 - A7RU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Jul-2024 07:04:55
Status
New
Announcement Sub Title
Appointment of Non-Executive and Independent Director and Member of the ESG Committee
Announcement Reference
SG240701OTHRSZWJ
Submitted By (Co./ Ind. Name)
Darren Tan / Chiam Yee Sheng
Designation
Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Khor Poh Hwa as a Non-Executive and Independent Director and member of the Environmental, Social and Governance Committee of Keppel Infrastructure Fund Management Pte. Ltd. (Trustee-Manager of Keppel Infrastructure Trust).

Additional Details

Date Of Appointment
01/07/2024
Name Of Person
Khor Poh Hwa
Age
74
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)
After reviewing the NRC's recommendation, review of independence and Mr Khor's qualifications and experience (as set out below), it was noted that Mr Khor is a non-executive director of Keppel Sakra Cogen Pte Ltd and Harmony Holdco Pte Ltd (collectively, Keppel Associated Entities), each of which are associated companies of Keppel Ltd. (a substantial shareholder of the Trustee-manager). After review, the Board is of the view that the above relationships will not interfere with Mr Khor's independent judgment and ability to act with regard to the interests of the unitholders of Keppel Infrastructure Trust as a whole. The Board reached its conclusion on the basis that (a) Mr Khor's directorships on the Keppel Associated Entities is an independent non-executive role, (b) Mr Khor serves on the Board in his personal capacity, not as Keppel Ltd.'s representative, (c) Mr Khor is not an employee of Keppel and does not act in accordance with the instructions of Keppel Ltd., and (d) Mr Khor does not derive any compensation from Keppel Ltd. other than remuneration received for his service as a non-executive director of the Keppel Associated Entities.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director
Member of Environmental, Social and Governance Committee
Professional qualifications
Degree in Civil Engineering, University of Singapore
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Non-Executive Director
Keppel Sakra Cogen Pte Ltd (2023 - Present)
Harmony Holdco Pte Ltd (2022 - Present)
Jilin Food Zone Pte Ltd (2013 - Present)
Sino-Singapore Jilin Food Zone Development and Management Co., Ltd (2013 - Present)
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)
Hock Lian Seng Holdings Limited
Present
1. Jilin Food Zone Pte Ltd
2. Sino-Singapore Jilin Food Zone Development and Management Co., Ltd
3. Harmony Holdco Pte Ltd
4. Keppel Sakra Cogen 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
Mr Khor was a director of various SGX-listed companies including Hock Lian Seng Holdings Limited and Keppel Land Limited (latter of which delisted on 2015).

Attachments

240701_MREL_Trustee-Manager of KIT appoints Mr Khor Poh Hwa as new Independent Director.pdf
Total size =146K