Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
MARY CHIA HOLDINGS LIMITED
Securities
MARY CHIA HOLDINGS LIMITED - SG1Y51946677 - 5OX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
06-Aug-2022 00:32:23
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG220806OTHR8MRR
Submitted By (Co./ Ind. Name)
Ho Yow Ping (He YouPing)
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Lead Independent Director.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Charmian Lim (Tel: (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
08/08/2022
Name Of Person
Chay Yiowmin
Age
48
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)
The Nominating Committee has reviewed and considered the qualifications, work experience and independence of Mr. Chay Yiowmin and is satisfied that he possesses the requisite competencies to assume the position as Lead Independent Director of the Company. The Board of Directors has approved Mr. Chay Yiowmin's appointment upon recommendation by the Nominating Committee. Mr. Chay Yiowmin will also take up the position of Chairman of the Audit Committee and member of the Nominating and Remuneration Committee.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Non-Executive Director, Chairman of Audit Committee, and a member of Remuneration Committee and Nominating Committee of the Company
Professional qualifications
Bachelor of Accountancy and Master of Business from Nanyang Technological University

Master of Business Administration from the University of Birmingham

Fellow Chartered Accountant (FCA Singapore) of the Institute of Singapore Chartered Accountants (ISCA)

Associate Chartered Accountant (ACA) of Chartered Accountants in England and Wales (ICAEW)

Chartered Valuer and Appraiser (CVA) of the Institute of Valuers and Appraisers of Singapore (IVAS)
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
November 2012 to March 2019 - BDO Advisory Pte Ltd, Advisory Partner, Corporate Finance Practice

March 2019 to Current - Chay Corporate Advisory Pte Ltd, Chief Executive Officer

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)
R.S. Platou Finans Singapore Pte. Ltd. (Struck Off)
Libra Group Limited (In Liquidation - Compulsory Winding Up (Insolvency))
Voxpace Pte. Ltd.
TSU Investment Pte. Ltd.
Nelson G Advisory Pte. Ltd. (Struck Off)
Ksenja Pte Ltd
Wanglongxingye Holdings Pte Ltd
Vanfo Hino Holdings Pte Ltd
Vanfoankang Investment Pte Ltd (In the midst of striking off)
Vanbo Investments Pte Ltd
Vanbo Management Pte Ltd
American Ethane Capital Pte Ltd
CCA Fund Services Pte Ltd
Present
UMS Holdings Limited
Metech International Limited
8I Holdings Limited
Watches.com Limited
Raffles Infrastructure Holdings Limited
Xemaco Group Pte Ltd
Roxana Shipping Pte Ltd
2YSL Pte Ltd
Moon Pay Pte Ltd
United Power Corporation (Singapore) 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?
Yes
If Yes, Please provide full details
Mr. Chay Yiowmin was a Non-Executive Director of Libra Group Limited from 12 June 2019 to 17 July 2020. A winding-up petition was filed on 29 June 2022.
(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?
Yes
If Yes, Please provide full details
Mr. Chay Yiowmin was appointed to the Board of Metech International Limited ("Metech") on 3 April 2019. He is currently the Independent Non-Executive Chairman of the Board. Metech was issued a Notice of Compliance from SGX Regulation ("SGX Regco") dated 27 December 2019 ("Metech NOC") relating to Metech's former Chairman and CEO's failure to disclose a public reprimand he received for various breaches of the listing rules in respect of his role as Chairman and CEO of Advance SCT Limited. The Company was required by SGX Regco to re-convene an Extraordinary General Meeting to re-elect the director.

On 5 June 2020, Metech received a letter from SGX Regco and was given an opportunity to make representations in respect of the matters set out in the Metech NOC. The matter has concluded following a private decision issued by SGX Regco to the board of Metech on 7 April 2021.

Mr Chay Yiowmin was appointed to the Board of Watches.com Limited ("Watches.com") on 10 September 2021. He is currently the Independent Non-Executive Chairman of the Board. Watches.com received a Notice of Compliance from SGX Regco dated 27 June 2022 instructing for the appointment of a joint independent reviewer to carry out a review of certain transactions and corporate actions. The joint independent reviewer has been appointed and the independent review is currently in progress.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Present Directorship:

UMS Holdings Limited
Metech International Limited
8I Holdings Limited
Watches.com Limited
Raffles Infrastructure Holdings Limited

Past Directorship:

Libra Group Limited