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

Issuer & Securities

Issuer/ Manager
YEO HIAP SENG LTD
Securities
YEO HIAP SENG LTD - SG1I10878425 - Y03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Feb-2024 18:12:48
Status
New
Announcement Sub Title
Appointment of Non-Independent & Non-Executive Director
Announcement Reference
SG240229OTHRUUSZ
Submitted By (Co./ Ind. Name)
Heng Hee Choo
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Edward Averrill Ng Yong Sheng as a Non-Independent & Non-Executive Director

Additional Details

Date Of Appointment
01/03/2024
Name Of Person
Edward Averrill Ng Yong Sheng
Age
32
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 Directors has accepted the recommendation of the Nominating Committee which has reviewed the appointment of Mr. Edward Averrill Ng Yong Sheng ("Mr. Edward Ng") as a Non-Independent & Non-Executive Director on the Board of Yeo Hiap Seng Limited.
Whether appointment is executive, and if so, the area of responsibility
Non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent & Non-Executive Director
Professional qualifications
Bachelor of Science in Civil Engineering (Architectural Design) from Stanford University, USA
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. Edward Ng is the son of Mr. Ng Chee Tat Philip and nephew of Mr. Ng Chee Siong, beneficiaries of the Estate of the late Ng Teng Fong, a substantial shareholder of Yeo Hiap Seng Limited ("YHS"). Mr. Edward Ng is also the grandson of Mdm. Tan Kim Choo who is a substantial shareholder of YHS and the spouse of the late Mr. Ng Teng Fong.

Mr. Edward Ng is also the brother of Mr. Jonathan James Yong Ze Ng ("Mr. Jonathan Ng"), a Non-Independent and Non-Executive Director of YHS and the cousin of Mr. Ng Win Kong, Daryl, Chairman of YHS. Mr. Jonathan Ng will retire by rotation at the upcoming Annual General Meeting of YHS on 26 April 2024 ("2024 AGM") and has signified that he is not offering himself for re-election as a Director of YHS at the 2024 AGM. Mr. Jonathan Ng will cease as Director of YHS at the conclusion of the 2024 AGM.

Mr. Edward Ng is a Director of Glory Realty Co. Private Ltd, Transurban Properties Pte. Ltd., and Far East Spring Pte. Ltd., substantial shareholders of YHS.
Conflict of interests (including any competing business)
As above.
Working experience and occupation(s) during the past 10 years
- July 2017 - Present: Far East Organization
- Executive Director (Projects & Operations)
- Director, Development Projects and Central Engineering
- Assistant Director, Property Services
- Assistant Director, Central Engineering
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 Annex 1.
Present
(1) Executive Director (Projects & Operations, Property Services Division), Far East Organization

(2) Please refer to Annex 2.
(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
Mr. Edward Ng is the Alternate Director of YHS from 19 May 2023 to 29 February 2024. YHS has arranged for Mr. Edward Ng to attend the relevant training courses offered by the Singapore Institute of Directors as prescribed by the Exchange.

Attachments

2.1 Annex 1_EN_Past Directorships.pdf
2.2 Annex 2_EN_Present Directorships.pdf
Additional Disclosure.pdf
Total size =193K