Change - Announcement of Appointment::Appointment of Executive Chairman

Issuer & Securities

Issuer/ Manager
SAMKO TIMBER LIMITED
Securities
SAMKO TIMBER LIMITED - SG1W64939547 - E6R
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Jun-2016 17:56:32
Status
New
Announcement Sub Title
Appointment of Executive Chairman
Announcement Reference
SG160628OTHRGQF0
Submitted By (Co./ Ind. Name)
Kelly Kiar Lee Noi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Aris Sunarko @ Ko Tji Kim as the Executive Chairman of the Company.

Additional Details

Date Of Appointment
27/06/2016
Name Of Person
Aris Sunarko @ Ko Tji Kim
Age
58
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board, having reviewed and considered Mr Aris Sunarko @ Ko Tji Kim's extensive work experiences both in Singapore and Indonesia, approved his appointment as the Executive Chairman of the Company.

Mr Aris Sunarko @ Ko Tji Kim has provided the undertaking (in the format set out in Appendix 7.7) to the Company as required under Rule 720(1) of the Listing Manual of Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Aris Sunarko @ Ko Tji Kim will be responsible for the effective function of the Board and charting the strategic direction of the Group business and exercise control over quality, quantity and timeliness of information between Management and the Board.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman, member of the Board Risk Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Mr Koh Tji Kiong @ Amir Sunarko, substantial shareholder of the Company, is the brother of Mr Aris Sunarko @ Ko Tji Kim;

Mr Koh Tji Beng @ Ambran Sunarko, Non-Independent and Non-Executive Director of the Company and substantial shareholder of the Company, is the brother of Mr Aris Sunarko @ Ko Tji Kim; and

Ms Cindy Sunarko, substantial shareholder of the Company, is the niece of Mr Aris Sunarko @ Ko Tji Kim.
Conflict of interests (including any competing business)
Mr Aris Sunarko @ Ko Tji Kim owns 50% equity interest in PT Wijaya Triutama Plywood Industry, a company dealing in timber products. He is also a Commissioner in PT Wijaya Triutama Plywood Industry.
Working experience and occupation(s) during the past 10 years
December 2005 to current: Samko Timber Limited and its subsidiaries (Director)
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Aris Sunarko @ Ko Tji Kim has direct interest in 34,698,231 shares held in the Company and is deemed to be interested by virtue of Section 7 of the Companies Act, Cap. 50, in the following shares:-
(a) 5,657,000 shares held by Noah Shipping Pte Ltd;
(b) 33,846,346 shares held by Hasan Holdings Pte Ltd; and
(c) 150,597,000 shares held by First Fortuna Holdings Pte Ltd.
# 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)
PT Pelayaran Nelly Dwi Putri Tbk
Present
1. PT Fortuna Sumber Rejeki
2. PT Buana Semesta Alam
3. First Fortuna Holdings Pte Ltd
4. PT Wijaya Triutama Plywood Industry
5. PT Mandiri Sejahtera Jaya Abadi
(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
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Mr Aris Sunarko @ Ko Tji Kim has served on the Board of Samko Timber Limited since December 2005.