Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
NIPPECRAFT LIMITED
Securities
NIPPECRAFT LIMITED - SG1A83000921 - N32
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Oct-2016 17:42:35
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG161026OTHRCYTN
Submitted By (Co./ Ind. Name)
Connie Oi Yan Chan
Designation
Chief Executive Officer and Executive Director
Effective Date and Time of the event
26/10/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Chow Wai San as an Independent Director of the Company

Additional Details

Date Of Appointment
26/10/2016
Name Of Person
Chow Wai San
Age
45
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee had considered the track record, age, working experience, capability and the working knowledge of Mr Chow and recommended his appointment as Independent Director of the Company.

The Board approved Chow Wai San's appointment as Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Member of Audit Committee and Chairman of Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Mr Chow currently holds the position of Managing Director at Aquifer Consulting Pte Ltd

His Working Experience Were As Follows:-

October 2001 to September 2014
Director at NTan Corporate Advisory Pte Ltd

December 1999 to September 2001
Associate Director at Global Corporate Finance, Arthur Andersen Singapore

July 1995 to November 1999
Assistant Manager at Financial Advisory Services at PricewaterhouseCoopers, Singapore
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
# 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)
Mavericks Financial Group Pte Ltd
Present
1 Aquifer Consulting Pte Ltd
2 Universal Resource and Services Ltd
3 Abelton Capital Ltd
4 Amarilla Investments Pte Ltd
5 Apex Asia Opportunites Pte Ltd
6 Asia Everbright Pte Ltd
7 Asia Five Star Quality Investment Pte Ltd
8 Charto Global Inc
9 Cormorant Pte Ltd
10 East Gate Commodities Pte Ltd
11 Energy Mega Persada Pte Ltd
12 Fiorenza Pte Ltd
13 Flamingo Corporation Pte Ltd
14 Fortune Asia Pacific Investment Pte Ltd
15 Fountainvest Partners International Pte Ltd
16 Great Asia Global Investments Pte Ltd
17 Jade Lotus Development Pte Ltd
18 Kwok Shing Investments Limited
19 LMOC Services (L) Berhad
20 Presidio Equator Pte Ltd
21 Royalvale Pte Ltd
22 Silver Vantage Trading Limited
23 Skybeau Investments Pte Ltd
24 Storage King (Singapore) Pte Ltd
25 Trans Asia Mining Pte Ltd
26 Triump Star Ltd
27 U.S. Flow Control Group Pte Ltd
28 Wymer 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?
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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Independent Director of Universal Resource and Services Limited since April 2015