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

Issuer & Securities

Issuer/ Manager
SING INVESTMENTS & FINANCE LIMITED
Securities
SING INVESTMENTS & FINANCE LTD - SG1S02002305 - S35
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
27-Apr-2023 00:08:15
Status
New
Announcement Sub Title
Appointment of Non-Executive and Independent Director
Announcement Reference
SG230427OTHR2J42
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive and Independent Director who is also the Chairman of Remuneration Committee and a member of Audit Committee and Loan Committee.

Please refer to the attachment for additional information.

Additional Details

Date Of Appointment
27/04/2023
Name Of Person
Kuah Boon Wee
Age
56
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 Board of the Company, having reviewed and considered the Nominating Committee's assessment of Mr Kuah Boon Wee's qualifications and work experience, is of the view that Mr Kuah Boon Wee possesses the requisite experience and capabilities to assume the responsibilities as an Independent Director of the Company.

Mr Kuah Boon Wee is considered independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
No, the appointment is not executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director
Chairman of the Remuneration Committee
Member of the Audit Committee and Loan Committee
Professional qualifications
1. Bachelor of Engineering Degree (1st Class Honours) from Imperial College of Science and Technology, London;
2. Fellow of the Institute of Chartered Accountants of England and Wales; and
3. Advanced Management Programme at the Wharton School, University of Pennsylvania.
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
1. Director (since 2006) and Group Chief Executive Officer (since 2010) of MTQ Corporation Limited;
2. Audit Committee Chairman of UOB-Kay Hian Holdings Limited (since May 2016);
3. Director of The Hour Glass Limited (since 2011);
4. Council member of Singapore National Employers Federation and sits on the National Wages Council;
5. Chairman of the Migrant Workers Assistance Fund (since 2018);
6. Vice President of the Singapore Chinese Chamber of Commerce and Industry (2017 to 2022);
7. Chairman of NTUC Learning Hub (2013 to 2020); and
8. Director of Business China (2016 to 2019).
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)
1. Vice President, Singapore Chinese Chamber of Commerce and Industry (March 2017 to March 2022);
2. Chairman of NTUC Learning Hub (August 2013 to May 2020);
3. Director of Business China (October 2016 to December 2019); and
4. Chairman, Neptune Marine Services (2011 to 2020)
Present
Please see attached 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?
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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
1. Director (since 2006) and Group Chief Executive Officer (since 2010) of MTQ Corporation Limited;
2. Director of the The Hour Glass Limited (since 2011); and
3, Audit Committee Chairman of UOB-Kay Hian Holdings Limited (since 2016)
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable

Attachments

Appendix A - List of Present Principal Commitments.pdf
Total size =30K