Change - Announcement of Appointment::Appointment of Group Financial Controller
Issuer & Securities
JAWALA INC. - MYA013922002 - 1J7
Change - Announcement of Appointment
Date &Time of Broadcast
Announcement Sub Title
Appointment of Group Financial Controller
Submitted By (Co./ Ind. Name)
Datuk Jema Khan
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Kevin Chia Tshen Hui as Group Financial Controller.
This announcement has been prepared by Jawala Inc. (the "Company") and its contents have been reviewed by UOB Kay Hian Private Limited (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.
This 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 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 Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.
Date Of Appointment
Name Of Person
Kevin Chia Tshen Hui
Country Of Principal Residence
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The promotion of Mr Kevin Chia Tshen Hui from Finance Manager to Group Financial Controller was recommended by the Nominating Committee.
The Board of Directors, after considering the recommendation of the Nominating Committee, is of the view that Mr Chia, whom has been the Finance Manager in the Company since 15 October 2018, has the requisite qualifications and experience for the role of Group Financial Controller of the Company and its subsidiaries ("Group") and that he will be able to contribute positively to the Group.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. The Group Financial Controller is responsible for the overall accounting, finance and tax, risk management and internal control, HR and other functions. The key functions performed are as follow:
- prepare monthly management accounts and yearly financial statement and reporting to the Board;
- prepare annual budgets and overseeing budgetary control activities for the Company to achieve its financial targets;
- liaising with third party internal auditors to improve financial and operational internal control systems and governance processes in the Company;
- evaluate the risk management of the Company as well as to propose a plan to mitigate these risks;
- liaising with external auditors and responding to queries raised, as well as overseeing the implementation of audit's recommendations;
- overseeing and monitoring cash flow movements; and
- developing and implementing HR policies, procedures and code of conduct for the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Financial Controller
- Member of the Association of Chartered Certified Accountants
- Member of the Malaysian Institute of Accountants
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
Conflict of interests (including any competing business)
Working experience and occupation(s) during the past 10 years
2018 - Present
Jawala Plantation Industries Sdn Bhd - Finance Manager
2017 - 2018
Bina PYK (Sabah) Sdn Bhd - Finance Manager
2015 - 2017
Gleneagles Kota Kinabalu - Finance Manager
2011 - 2015
Deloitte - Audit Senior
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Shareholding interest in the listed issuer and its subsidiaries?
# 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)
(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?
(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?
(c) Whether there is any unsatisfied judgment against him?
(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?
(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?
(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?
(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?
(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?
(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?
(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
(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
(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
(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?
(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?
Any prior experience as a director of an issuer listed on the Exchange?
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Not applicable as this announcement is not in relation to the appointment of director.
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)