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

Issuer & Securities

Issuer/ Manager
GLOBAL PALM RESOURCES HOLDINGS LIMITED
Securities
GLOBAL PALM RESOURCES HLGS LTD - SG1CD3000003 - BLW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Jan-2022 18:14:09
Status
New
Announcement Sub Title
Redesignation of Independent Non-Executive Director to Non-Independent Non-Executive Director
Announcement Reference
SG220125OTHRH034
Submitted By (Co./ Ind. Name)
Dr Tan Hong Kiat @ Suparno Adijanto
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Mr Guok Chin Huat Samuel has been redesignated from Independent Non-Executive Director to Non-Independent Non-Executive Director with effect from 1 January 2022

Additional Details

Date Of Appointment
16/03/2010
Name Of Person
Guok Chin Huat Samuel
Age
66
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
28/03/2019
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Guok Chin Huat Samuel has served on the Board of the Company for more than nine years. He will therefore not be considered independent under Rule 210(5)(d)(iii) of the Listing Manual of the SGX-ST which took effect from 1 January 2022. As such, the Board, upon recommendation of the Nominating Committee, approved the re-designation of Mr Guok Chin Huat Samuel from Independent Non-Executive Director to Non-Independent Non-Executive Director of the Company with effect from 1 January 2022.

Mr Guok Chin Huat Samuel had abstained from the deliberations and decision-making in relation to the aforesaid re-designation. Following his redesignation, Mr Guok will remain as member of Remuneration, Audit and Nominating Committees. Mr Yee Kit Hong has been appointed chairman of the Remuneration Committee.

At the upcoming general meeting, the Company intends to seek approval of Mr Guok's appointment as an independent director of the Company from (a) all shareholders; and (b) all shareholders, excluding directors, chief executive officer and their associates, in accordance with Rule 210(5)(d)(iii). Upon receipt of the aforesaid approval, Mr Guok will be redesignated as Independent Director of the Company and reinstated as Chairman of the Remuneration Committee.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Member of RC, AC and NC
Professional qualifications
Bachelor of Science degree in Business Administration from Boston University with Majors in Finance and International Economics, Minor in Chemistry.
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
He has been the CEO of Starhealth Pte. Ltd a Singapore based importer and distributor of health and medical products since 1995 and has over 20 years of experience in investment banking, venture capital and private equity businesses.
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)
-
Present
-
(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
-