Change - Announcement of Appointment::ANNOUNCEMENT OF APPOINTMENT OF INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
A-SONIC AEROSPACE LIMITED
Securities
A-SONIC AEROSPACE LIMITED - SG1CH8000009 - BTJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Oct-2023 18:06:24
Status
New
Announcement Sub Title
ANNOUNCEMENT OF APPOINTMENT OF INDEPENDENT DIRECTOR
Announcement Reference
SG231002OTHRDM6T
Submitted By (Co./ Ind. Name)
Hue Su Li
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Director

Additional Details

Date Of Appointment
02/10/2023
Name Of Person
Lim Soon Hock
Age
73
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)
Mr Lim was appointed in view of his business and corporate experience as an independent director on other international companies.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive Independent Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
1. Member of Board of Directors
2. Member of Audit and Risk Management Committee
3. Member of Remuneration Committee
Professional qualifications
- Bachelor of Engineering (Hons), National University of Singapore
- Diploma in Business Administration, National University of Singapore
- Graduate Certificate in International Arbitration, National 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
Not applicable
Conflict of interests (including any competing business)
Not applicable
Working experience and occupation(s) during the past 10 years
1. Non-Executive and Independent Director of China Fishery Group Limited and Disa Limited
2. Non-Executive and Non-Independent Director of Heatec Jietong Holdings Ltd
3. Founder and Managing Director of PLAN-B ICAG Pte Ltd
4. Mediator, State Courts Singapore
5. Mediator, Singapore International Mediation Institute & Singapore Mediation Centre
6. Deputy Chairman and Senior Advisor of Tru-Marine Pte Ltd
7. Adjunct Professor, National University of Singapore
8. Deputy Chairman and Executive Director, Stratech System Ltd (2010 to 2013)
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
1. Centre for Fathering Ltd.
2. National Volunteerism and Philanthropy Centre
3. The Asian Patrons of the Arts in Vatican Museums Ltd.
4. Invictus Group Pte. Ltd.
5. Solustar Pte. Ltd.
6. Accu Healthcare Pte. Ltd.
7. Halogen Foundation Singapore
8. Verita Healthcare Group Limited
Present
Directorships:
1. China Fishery Group Limited
2. Heatec Jietong Holdings Ltd.
3. Plan-B ICAG Pte. Ltd.
4. REDA Industrial Materials (Holding) Ltd.
5. Tru-Marine Pte. Ltd.
6. REDA Pte. Ltd.
7. Archer (S) Pte. Ltd.
8. Institution of Engineers (Singapore) Fund Ltd.
9. Mundipharma Singapore Holding Pte. Limited

Other Principal Commitments:
1. Raffles Girls Secondary School
2. Singapore Heart Foundation
3. Centre for Fathering Ltd.
4. Honour Singapore
5. National University of Singapore
6. State Courts Singapore
7. Singapore Mediation Centre
8. Singapore International Mediation Institute
(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?
Yes
If Yes, Please provide full details
1. China Fishery Group Limited, of which Mr. Lim was the non-executive independent director, filed for judicial provisional liquidation in Hong Kong by its bank creditors. The Company won the case and subsequently filed for Chapter 11 in the United States of America.

2. Globalroam Group Ltd, of which Mr. Lim was the chairman, filed for judicial management after he stepped down on 4 August 2017.

The provisional liquidator and liquidator was appointed on 22 November 2017 and 5 February 2018 respectively.
(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
1. In February 2006, while Mr. Lim was an independent director of Stratech Systems Limited (Stratech), Stratech was investigated by the Commercial Affairs Department (CAD) in relation to a possible breach of the Securities and Futures Act, Chapter 289 of Singapore (SFA) in relation to a past announcement made relating to the civil litigation brought against it by a former director. The relevant announcement was released by the management without prior approval from the board of directors of Stratech. To the best of Mr. Lim's knowledge, the investigation has been closed and no charges were made against any director of Stratech. However, Stratech was subsequently issued a warning by the SGX-ST for the relevant announcement.

2. In August 2015, China Fishery Group Limited and its subsidiaries were investigated by Monetary Authority of Singapore and the CAD into an offence under the SFA pursuant to the provisions of the Criminal Procedure Code (Chapter 68, 2012 Revised Edition). This investigation arose out of investigation into the parent company in Hong Kong. None of the independent directors (including Mr Lim) was investigated. In October 2019, China Fishery was informed that the investigation by the authorities had been concluded without any further action being taken with respect to China Fishery and its parent company.
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Currently a Non-Executive Director of three other listed companies on SGX.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Mr Lim had attended some SID courses. As a Fellow, he had often been invited as a Panelist of Training Courses for Directors, for example the Listed Entities Director Essentials.