Change - Announcement of Appointment::Re-designation of Independent Director to Lead Independent Director

Issuer & Securities

Issuer/ Manager
GLOBAL DRAGON LIMITED
Securities
GLOBAL DRAGON LIMITED - SG1H06873795 - 586
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
22-Dec-2022 17:39:33
Status
New
Announcement Sub Title
Re-designation of Independent Director to Lead Independent Director
Announcement Reference
SG221222OTHR586L
Submitted By (Co./ Ind. Name)
Koh Kian Soo
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Re-designation of Independent Director to Lead Independent Director

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Lee Khai Yinn (Telephone no.: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542

Additional Details

Date Of Appointment
22/12/2022
Name Of Person
Kwan Chee Wai
Age
51
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
28/10/2022
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Dr Kwan Chee Wai ("Dr Kwan") is currently an Independent Director, Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee. The Board having reviewed and considered Dr Kwan's qualifications and experience, concurred with the recommendation of the Nominating Committee and approved the re-designation of Dr Kwan as the Lead Independent Director of the Board and Chairman of the Audit Committee.
Whether appointment is executive, and if so, the area of responsibility
Appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee.
Professional qualifications
Doctor of Philosophy (Finance) from the University of Western Australia
Master of Science in Educational Assessment from the Oxford University
Master of Science in Marketing from King's College London
Master of Science in Applied Positive Psychology and Coaching Psychology from the University of East London
Master of Business Research from the University of Western Australia
Master of Research in Higher Education: Research, Evaluation and Enhancement from the Lancaster University
Master of Business Administration (Investment and Finance) from the University of Hull
Master of Business Administration from the University of Strathclyde
Master of Science in Digital Education from the University of Edinburgh
Bachelor of Accountancy from the Nanyang Technological University
Fellow Chartered Accountant of the Institute of Singapore Chartered Accountants
Fellow Certified Practising Accountant of CPA Australia
ASEAN Chartered Professional Accountant
Fellow (Academic) Association of International 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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2021 to present: Adjunct Professor (Accounting and Finance) at SP Jain Global School of Management
2020 to present: Corporate Trainer, Relevance Learning, Netherlands
2019 to present: Assistant Professor (Accounting and Finance) at Embry-Riddle Aeronautical University
2018 to present: Consultant, Lee Hecht Harrison
2018 to present: Executive Coach and Facilitator, MindGym, UK
2016 to present: Lecturer and Senior Career Fellow at Nanyang Business School, Nanyang Technological University, Singapore
2016 to 2019: Lecturer at University of Newcastle
2014 to 2017: Lecturer at Singapore Institute of Technology
2014 to 2016: Lecturer at National University of Singapore
2004 to 2016: Lecturer at Kaplan Higher Education
2003 to 2015: Lecturer at Singapore Institute of Management
1996 to 2013: Lecturer at SAA Global Education
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
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Directorship:
Independent Director, Global Premium Hotels Limited

Principal Commitments:
Lecturer, Singapore Institute of Technology
Lecturer, National University of Singapore
Lecturer, Kaplan Higher Education
Lecturer, University of Newcastle
Present
Directorship:
Independent Director, Global Dragon Limited

Principal Commitments:
Adjunct Professor (Accounting and Finance) at SP Jain Global School of Management
Corporate Trainer, Relevance Learning, Netherlands
Assistant Professor (Accounting and Finance) at Embry-Riddle Aeronautical University
Consultant, Lee Hecht Harrison
Executive Coach and Facilitator, MindGym, UK
Lecturer and Senior Career Fellow at Nanyang Business School, Nanyang Technological University, Singapore
(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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Independent Director of the Board of Global Dragon Limited
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