Change - Announcement of Appointment::APPOINTMENT OF CHIEF OPERATING OFFICER
Issuer & Securities
ADVANCED SYSTEMS AUTOMATION LIMITED
ADVANCED SYSTEMS AUTOMATION - SG2E65980228 - 5TY
Change - Announcement of Appointment
Date &Time of Broadcast
Announcement Sub Title
APPOINTMENT OF CHIEF OPERATING OFFICER
Submitted By (Co./ Ind. Name)
DATO' KHOR GARK KIM
Lead Independent Director
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of the Company, together with its subsidiaries, wishes to announce the appointment of Mr. Seah Chong Hoe as the Chief Operating Officer of the Company.
The announcement has been prepared by the Company and its contents have been reviewed by the sponsor, SAC Capital Private Limited (Sponsor), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (SGX-ST). The Sponsor has not independently verified the contents of this announcement.
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 correctness of any of the statements or opinions made, or reports contained in this announcement.
The contact person for the Sponsor is Ms Tay Sim Yee (Tel: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.
Date Of Appointment
Name Of Person
SEAH CHONG HOE
Country Of Principal Residence
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Based on the credentials and working experience of Mr Seah, the Nominating Committee made the recommendation to the Board of Directors for his appointment as Chief Operating Officer of the Company. The Board considered the recommendation and is confident of his capabilities to assume the role and approved the appointment of Mr Seah as Chief Operating Officer.
Whether appointment is executive, and if so, the area of responsibility
Mr Seah will be responsible for overseeing the ongoing operations of the organisation and responsible for improving the efficiency of the business.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Conflict of interests (including any competing business)
The Company is nearing the completion for the acquisition of the entire issued and paid-up share capital of (i) Yumei Technologies Sdn Bhd., (ii) Yumei REIT Sdn. Bhd. and (iii) Pioneer Venture Pte. Ltd. (the Target Companies) (the Acquisition), where Mr Seah is currently the Managing Director and shareholder. The Company is of the view that the appointment will not constitute a conflict of interest. Mr Seah has also undertaken that he and his associates will not carry out any business activities and/or engage in any form of employment that may give rise to a potential conflict of interest with the Group.
Working experience and occupation(s) during the past 10 years
Feb 1984 to Feb 1987
Matsushita Electronics (S) Pte Ltd. Engineer
- Project Head
Mar 1987 to Apr 1990
Daimei Plastic (S) Pte Ltd Engineer
- Process Engineering, Technician and Quality
1989 to Current - Yumei Plastic Pte Ltd
1996 to Current - Yumei Mould Pte Ltd
2001 to Current - Yumei Holdings Pte Ltd
Pioneer Venture Pte. Ltd.
2005 to Current - Yumei Technologies Sdn. Bhd.
2006 to Current - Yumei Reit Sdn. Bhd.
- Managing Director
- Leading, planning and implementing long term business strategies and directions and guiding senior members of the Company
2011 to Current - Airsanz (SEA) Pte Ltd
2014 to Current JGS Holdings Pte Ltd
- Non-executive Director
- Monitor and contribute to the development strategy
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?
None. There will be an issuance and allotment of 6,500,000,000 new ordinary shares of the Company as part of consideration to Mr Seah upon the completion of the Acquisition.
# 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. Jati Yumei Sdn. Bhd.
2. Singasia Myanmar Access Resources Trading Pte. Ltd.
1.Yumei Holdings Pte Ltd
2. Yumei Plastic Pte Ltd
3. Yumei Mould Pte Ltd
4. Yumei Technologies Sdn Bhd
5.Yumei Reit Sdn Bhd
6. Pioneer Venture Pte. Ltd.
7. Airsanz (SEA) Pte. Ltd.
8. JGS Holdings 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?
(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 a listed company?
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Total size =96K