Change - Announcement of Appointment::APPOINTMENT GROUP CHIEF DEVELOPMENT OFFICER

Issuer & Securities

Issuer/ Manager
SINGAPORE EDEVELOPMENT LIMITED
Securities
SINGAPORE EDEVELOPMENT LTD - SG1AE2000006 - 40V
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
11-Aug-2020 18:10:41
Status
New
Announcement Sub Title
APPOINTMENT GROUP CHIEF DEVELOPMENT OFFICER
Announcement Reference
SG200811OTHRFPM0
Submitted By (Co./ Ind. Name)
Chan Heng Fai
Designation
Executive Chairman, Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange 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 Vera Leong, Vice President, Hong Leong Finance Limited, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, telephone (+65) 6415 9881.

Additional Details

Date Of Appointment
11/08/2020
Name Of Person
CHAN TUNG MOE
Age
41
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors, having considered the qualifications and working experience of Mr Chan Tung Moe, is of the view that he has the requisite experience and capabilities to assume the responsibilities as the Group Chief Development Officer of the Company.

Accordingly, the Board of Directors has approved the appointment of Mr Chan Tung Moe as the Group Chief Development Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive

Mr Chan Tung Moe has overall responsibility of the Group's global property business.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Development Officer
Professional qualifications
Masters of Business Administration - The University of Western Ontario, Richard Ivey School of Business

Masters of Engineering - The University of British Columbia

Bachelors of Applied Science - The University of British Columbia
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
Mr Chan Tung Moe is the son of Mr Chan Heng Fai, the Executive Chairman, an Executive Director, the Chief Executive Officer and a controlling shareholder of the Company and Mrs Chan Yoke Keow, an Administrative Officer of the Company.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2020 to Present American Medical REIT Inc. (USA) - Vice President and Director of Corporate Development
2017 to Present LiquidValue Development Inc. (f.k.a. SeD Intelligent Home Inc.) (USA) - Director and Co-Chief Executive Officer
2015 to Present Alset iHome Inc. (f.k.a. SeD Home & REITs Inc.) (USA) - Director and Chief Executive Officer (International)
2018 to 2020 Pop Motion Consulting Pte. Ltd. (Singapore) - Chief Executive Officer
2015 to 2018 Singapore eDevelopment Limited (Singapore) - Director and Group Chief Development Officer
2007 to 2016 RSI International Systems Inc. (Canada) - Director
2002 to 2015 Xpress Finance Limited (Hong Kong) - Director and Chief Executive Officer
2001 to 2015 Zensun Enterprises Limited (Hong Kong) - Director and Chief Operating Officer
2006 to 2014 SingHaiyi Group Limited (Singapore) - Director and Chief Development Officer

Mr Chan Tung Moe has experience in the fields of property development, property investment, property management, project syndication, REIT establishment and management, hospitality, technology and finance.
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)
Please refer to Appendix A.
Present
Please refer to Appendix A.
(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 Chan Tung Moe was formerly a director of Xpress Travel Limited, which was formerly a Japanese subsidiary of Zensun Enterprises Limited. In 2008, the board of directors of Xpress Travel Limited filed a petition for the voluntary liquidation of Xpress Travel Limited. The voluntary liquidation process was completed in July 2010.
(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 Chan Tung Moe has attended the course conducted by the Singapore Institute of Directors titled "Listed Company Directors Essentials". Mr Chan Tung Moe was also previously an Executive Director of Singapore eDevelopment Limited (Singapore), an Executive Director of SingHaiyi Group Limited (Singapore), an Executive Director of Zensun Enterprises Limited (Hong Kong) and a Non-Executive Director of RSI International Systems Inc. (Canada).

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