Change - Announcement of Appointment::Change - Announcement of Appointment

Issuer & Securities

Issuer/ Manager
INTERNATIONAL HEALTHWAY CORPORATION LIMITED
Securities
INTL HEALTHWAY CORP LIMITED - SG2F86994413 - 5WA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
17-Jul-2017 19:38:53
Status
New
Announcement Sub Title
Change - Announcement of Appointment
Announcement Reference
SG170717OTHRG40U
Submitted By (Co./ Ind. Name)
Tay Eng Kiat Jackson
Designation
Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, email: sponsorship@ppcf.com.sg

Additional Details

Date Of Appointment
17/07/2017
Name Of Person
Lee Yi Shyan
Age
55
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors having reviewed and considered the expertise and past experience of Mr. Lee Yi Shyan and all information received to-date, is of the view that he is suitable for the appointment of Non-Independent and Non-Executive Chairman of the Company and, has approved his 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.)
Non-Independent and Non-Executive Chairman, Nominating and Remuneration Committee Member.
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)
Mr. Lee Yi Shyan is a director of Vysion Star Pte Ltd which provides business advisory services. Luye Medical Pte Ltd which owns hospitals in Australia, South Korea, China and Singapore, is a client of Vysian Star Pte Ltd.
Working experience and occupation(s) during the past 10 years
November 2016 to date: Chairman and Director, ICE Singapore Holdings Pte. Ltd.
November 2016 to date: Chairman and Director, ICE Futures Singapore Pte. Ltd.
November 2016 to date: Chairman and Director, ICE Clear Singapore Pte. Ltd.
January 2016 to date: Deputy Chairman and Non-Independent and Non-Executive Director, OUE Hospitality REIT Management Pte. Ltd.
January 2016 to date: Deputy Chairman and Non-Independent and Non-Executive Director, OUE Hospitality Trust Management Pte. Ltd.
January 2016 to date: Executive Adviser, Chairman's Office, OUE Limited
May 2006 to date: Member of Parliament (East Coast GRC), Parliament of Singapore (Electoral Division of East Coast GRC)
August 2012 to September 2015: Senior Minister of State, Ministry of National Development
August 2012 to September 2015: Senior Minister of State, Ministry of Trade and Industry
May 2011 to July 2012: Minister of State, Ministry of National Development
April 2009 to May 2011: Minister of State, Ministry of Manpower
May 2006 to July 2012: Minister of State, Ministry of Trade and Industry
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
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)
Nil
Present
OUE Hospitality REIT Management Pte. Ltd.
OUE Hospitality Trust Management Pte. Ltd.
Vysion Star Pte. Ltd.
OUE USA Services Corp.
Business China
ICE Singapore Holdings Pte. Ltd.
ICE Futures Singapore Pte. Ltd.
ICE Clear Singapore 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
Mr Lee Yi Shyan is the Deputy Chairman and Non-Independent Non-Executive Director of OUE Hospitality REIT Management Pte. Ltd , (the REIT Manager) and OUE Hospitality Trust Management Pte. Ltd. (the Trustee-Manager) of OUE Hospitality Business Trust, which is listed on the Mainboard of Singapore Exchange.