Change - Announcement of Appointment::Appointment of President

Issuer & Securities

Issuer/ Manager
HONG LEONG FINANCE LIMITED
Securities
HONG LEONG FINANCE LIMITED - SG1M04001939 - S41
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
23-Sep-2016 17:44:24
Status
New
Announcement Sub Title
Appointment of President
Announcement Reference
SG160923OTHRCJRB
Submitted By (Co./ Ind. Name)
Yeo Swee Gim, Joanne
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Ang Tang Chor as the President of the Company

Additional Details

Date Of Appointment
01/10/2016
Name Of Person
Ang Tang Chor
Age
68
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment of Mr Ang Tang Chor as the President was recommended by the Nominating Committee ("NC") and approved by the Board of Directors ("Board"). The NC has reviewed and considered amongst other factors, Mr Ang's capabilities and performance over the years with the Company especially in his position as Deputy President.
Whether appointment is executive, and if so, the area of responsibility
Yes, Mr Ang will have overall executive responsibility for and direct oversight of the Company's operations, including responsibility for the implementation of the strategic directives set by the Board.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
President
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
From December 2014 till present:
- Deputy President of Hong Leong Finance Limited

From 2003 to November 2014:
- Senior Executive Vice President (Corporate & Consumer Business) of Hong Leong Finance Limited
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
139,810 shares
1,223,690 options granted pursuant to the Hong Leong Finance Share Option Scheme 2001
Other Directorships
# 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)
ST Electronics (Data Centre Solutions) Pte. Ltd.
Present
Defence Science Organisation National Laboratories
ST Electronics (Info-Software System) Pte. Ltd.
ST Electronics (Enterprise 1) Pte. Ltd.
Wizvision 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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Was a director of Tat Lee Bank Ltd from 1987 to 1996.