Change - Announcement of Appointment::Appointment of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
FORELAND FABRICTECH HLDS LTD
Securities
FORELAND FABRICTECH HLDS LTD - BMG3658Z1041 - B0I
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
09-May-2019 20:51:54
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG190509OTHR68D2
Submitted By (Co./ Ind. Name)
Huang Min
Designation
Executive Chairman and Director
Effective Date and Time of the event
09/05/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Non-Executive Director.

Additional Details

Date Of Appointment
09/05/2019
Name Of Person
Soh Yong Soon
Age
38
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 reviewed Mr Soh's background, qualifications and experience, and is satisfied with the value that he can contribute to the Board.
The Board considered Mr Soh to be independent for the purpose of Rule 704(8) of the Listing Manual of SGX-ST.
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 Audit Committee, Nominating Committee and Remuneration Committee.
Professional qualifications
Chartered Accountant.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Soh previously worked as CFO for China Environment Ltd. ("CEL") from May 2015 to April 2016. Our Group Executive Chairman, Mr Huang Min was also director of CEL till March 2016.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
2008-2010 - Group Accounting Manager - Tiong Seng Holdings Limited
2010-2010 - Senior Finance Manager - China Healthcare Limited
2010-2012 - Financial Controller - China Healthcare Limited
2013-2015 - Group Financial Controller - Infocomm Asia Holdings Pte Ltd
2015-2016 - Chief Financial Officer - China Environment Ltd
2016-Current - Executive Director - Anton Management Solutions Pte Ltd, Anton Corporate Advisory 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
1825000
# 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)
Gates Engineering Pte Ltd
Anton Management Solutions Pte Ltd
Anton Gourmet Investment Pte Ltd
Anton Corporate Advisory Pte Ltd
Present
Anton Management Solutions Pte Ltd
Anton Corporate Advisory 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
Yes
If Yes, Please provide full details
On 21 August 2015, a warning letter under Section 201(3A) of the Companies Act was issued by ACRA to CEL's directors pertaining to CEL's FY2013 financial statements. Mr Soh was the CFO of CEL at that point of time when the letter was issued.
(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
Yes
If Yes, Please provide full details
Same as above.
(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
The Company will arrange for him to attend appropriate training courses to familiarise himself with the role and responsibilities of a
director of a listed company.