Change - Announcement of Appointment::Appointment of Finance Manager (Energy) who is related to a Director/CEO/Substantial Shareholder

Issuer & Securities

Issuer/ Manager
P5 CAPITAL HOLDINGS LTD.
Securities
P5 CAPITAL HOLDINGS LTD. - SG1I98885227 - 5AI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Sep-2020 19:57:48
Status
New
Announcement Sub Title
Appointment of Finance Manager (Energy) who is related to a Director/CEO/Substantial Shareholder
Announcement Reference
SG200929OTHRMC9M
Submitted By (Co./ Ind. Name)
Ong Bee Hoon
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Finance Manager (Energy) who is related to a Director/CEO/Substantial Shareholder

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "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:
Name: Mr Shervyn Essex, Registered Professional, RHT Capital Pte. Ltd.
Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619
Telephone: (65) 6381 6966

Additional Details

Date Of Appointment
29/09/2020
Name Of Person
Leow Sau Wan
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Ms Leow Sau Wan ("Ms Leow") was previously working part-time as Deputy Group Finance Manager since 1 October 2019 and was appointed to be Finance Manager for the Energy Business from 1 July 2020. Following the proposed diversification of P5 Capital Holdings Ltd. (the "Company", together with its subsidiaries, the "Group") of its existing core business to include the Energy Business which was approved by shareholders at an extraordinary general meeting ("EGM") held on 29 September 2020, Ms Leow would be deemed to be holding a managerial position in the principal business of the Group.

The Board of Directors has reviewed and considered Ms Leow's qualifications and work experiences and is of the opinion that she is suitable for the role of Finance Manager to oversee the Energy Business of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive position. Oversees the finance function of the Energy Business and leading the corporate digitalisation program.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Finance Manager (Energy)
Professional qualifications
Master of Business Administration (joint program of Deakin University and CPA Australia)
Certified Practising Accountant (Australia)
Chartered Accountant (Singapore)
Bachelor of Business (Accounting) (Charles Sturt University)
Association of Taxation Technicians Singapore Specialist (2nd Placing)
Advanced Diploma in Business Administration (Distinction, validated by local delegacy, University of Oxford)
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
Spouse of Mr Lim Shao-Lin (Controlling Shareholder, CEO and Executive Director of the Company).
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2004-2019: Finance Manager of New Ocean Shipmanagement Pte Ltd

October 2019-June 2020: Deputy Group Finance Manager (part-time basis) of P5 Capital Holdings Ltd.
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)
Asiabase Constructors and Engineering Private Limited
Present
Gashub United Malaysia LNG Sdn Bhd
(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?
No
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
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)
Not Applicable