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

Issuer & Securities

Issuer/ Manager
SINGAPORE KITCHEN EQUIPMENT LIMITED
Securities
SINGAPORE KITCHEN EQUIPMENTLTD - SG2F97994568 - 5WG
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-May-2018 18:52:36
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG180518OTHRRRHS
Submitted By (Co./ Ind. Name)
Chua Chwee Choo
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Please see attached.

Additional Details

Date Of Appointment
18/05/2018
Name Of Person
Lui Hin Weng Samuel
Age
43
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee ("NC") has assessed and considered Mr Lui Hin Weng Samuel's qualification and experience and recommended Mr Lui Hin Weng Samuel to be appointed as Independent Non-Executive Director ("INED") and member of the Audit Committee ("AC"), NC and Remuneration Committee ("RC") of the Company. Based on the recommendation of the NC, the Board is of the view that Mr Lui Hin Weng Samuel has the requisite experience and capabilities to assume the role of the INED and as member of the AC, NC and RC and considers him to be independent. His appointment will be beneficial to the Board and the Company.
Whether appointment is executive, and if so, the area of responsibility
No.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director and member of the Audit Committee, Nominating Committee and Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.
Conflict of interests (including any competing business)
No.
Working experience and occupation(s) during the past 10 years
Mr Lui Hin Weng Samuel worked as a director within the investment banking group at Merrill Lynch from 2007 to 2009. Mr Lui also served as the chief financial officer at Feres Pte Ltd from 2009 to 2011. From 2011 to 2013, Mr Lui was a director within the private equity funds business at Rockstead Capital Private Limited. From 2014 to 2015, Mr Lui was the chief financial officer of ELL Environmental Holdings Limited, a company listed on Main Board of The Stock Exchange of Hong Kong Limited ("HKEX"). Mr Lui is currently the owner and operator of a business advisory firm, namely LV Capital Limited, providing consulting services relating to strategic planning, business development, investor relations, capital management, risk control management and compliance. In November 2016, Mr Lui has been appointed as an independent non-executive director and later in August 2017, re-designated as a non-executive director of EFT Solutions Holdings Limited, a company listed on GEM of HKEX.
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)
None
Present
EFT Solutions Holdings Limited
(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 Lui Hin Weng Samuel was appointed as independent non-executive director of EFT Solutions Holdings Limited in November 2016 and re-designated as a non-executive director in August 2017.

Attachments

SKE-ApptINED_ChgBoardComposition.pdf
Total size =72K