Change - Announcement of Appointment::Appointment of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
ELEC & ELTEK INTERNATIONAL COMPANY LIMITED.
Securities
ELEC & ELTEK INT CO LTD - SG1B09007736 - E16
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
27-Jul-2017 21:25:16
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG170727OTHRB4S7
Submitted By (Co./ Ind. Name)
Marian Ho
Designation
Company Secretary
Effective Date and Time of the event
27/07/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Elec & Eltek International Company Limited (the "Company") and its contents have been reviewed by the board of directors of the Company (the "Board") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The announcement has not been examined or approved by 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.

Additional Details

Date Of Appointment
27/07/2017
Name Of Person
Kong Tze Wing
Age
65
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has approved the appointment of Kong Tze Wing as an Independent Non-Executive Director after considering the current composition and the size of the Board and that he has the suitable profile of expertise, skills, attributes and abilities for the appointment.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director and a member of Nomination Committee, Audit Committee and Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Mr Kong has over 45 years of experience in the accounting industry. Mr. Kong is a sole practitioner of the firm Messrs. James T. W. Kong & Co., Certified Public Accountants since 1982. Since 2003, he has been a supervisor of the Foundation program at the CED School of Business in Hong Kong.

Mr Kong was the Independent non-executive director of DT Capital Limited (formerly known as Incutech Investments Limited) up to 28 May 2008, a company listed on The Stock Exchange of Hong Kong Limited. He was an independent non-executive director of Sing Pao Media Enterprises Limited from March 2007 to June 2015.

He holds a Bachelor s degree in Accounting and a Bachelor s degree in Business Administration. He is a fellow member of the Association of Chartered Certified Accountants since 1985 and became a fellow of the Hong Kong Institute of Certified Public Accountants (formerly known as the Hong Kong Society of Accountants) in 1995. He is also a fellow member of the Institute of Financial Accountants in the United Kingdom since 1995 and a fellow of CPA Australia since 2010. He is also a fellow-professional accountant of the Institute of Public Accountants in Australia since 2001. Mr. Kong has been a Certified Public Accountant since 1981.
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)
Sing Pao Media Enterprises Limited - independent non-executive director - 2007 to 2015
Institute of Financial Accountants Social Enterprise (Hong Kong) Limited - 2010 to 2014
Centre for Educational Development Limited - 1996 to 2016
Institute of Financial Accountants, UK & HK - 1998 to 2012
Present
DMS International Limited - since 1992
Causeway Bay Victoria Educational Organisation Limited - since 2016
The Causeway Bay Kai-fong Welfare Advancement Association - since 2012
Eastern District Arts Council Limited - since 2013
Eastern District Industries and Commerce Association Limited - since 2000
Eastern District Recreation and Sports Advancement Association Limited - since 2005
Eastern District Sports Association Limited - since 2009
The Hong Kong Eastern District Community Association Limited - since 1992
Hong Kong You Oi Education Foundation Limited - since 2003
International Association of Registered Financial Planners (Hong Kong and South China Region) Limited - since 2015
The North Point Kai-fong Welfare Advancement Association - since 1991
OISCA International Limited - since 2015
(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. Kong was an independent non-executive director of Sing Pao Media Enterprises Limited from March 2007 to June 2015. Based on publicly available information, Sing Pao Media Enterprises Limited ("Sing Pao"), a company incorporated in the Cayman Islands whose shares was listed on the Growth Enterprise Market of the
Hong Kong Stock Exchange Limited (stock code: 8010), was put into liquidation by a winding-up petition dated 14 April 2015 filed by Korchina Culture Investments Limited. According to Mr. Kong, he was no knowledge of the amount involved in the winding up petition. Based on information published by Sing Pao, Sing Pao was principally engaged in the newspaper publication business in Hong Kong. Pursuant to the announcement made by Sing Pao dated 12 August 2015, it was ordered to be wound up by the High Court of Hong Kong Special Administrative Region on 12 August 2015. Neither Sing Pao nor any of its subsidiary is related to the Company and its subsidiaries. As Mr. Kong was an independent non-executive director of Sing Pao from March 2007 to June 2015, the winding up of Sing Pao falls under an event described in Rule 13.51(2)(l) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
(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 Kong was an independent non-executive director and an audit committee member of DT Capital Limited (formerly known as Incutech Investments Limited) up to 28 May 2008, a company listed in The Stock Exchange of Hong Kong Limited.