Change - Announcement of Appointment::Appointment of Mr Eugene Paul Lai Chin Look as Non-Executive Independent Director

Issuer & Securities

Issuer/ Manager
CAPITALAND INVESTMENT LIMITED
Securities
CAPITALAND INVESTMENT LIMITED - SGXE62145532 - 9CI
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Dec-2024 17:34:35
Status
New
Announcement Sub Title
Appointment of Mr Eugene Paul Lai Chin Look as Non-Executive Independent Director
Announcement Reference
SG241202OTHRKSZ3
Submitted By (Co./ Ind. Name)
Michelle Koh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Eugene Paul Lai Chin Look as Non-Executive Independent Director and a Member of the Executive Resource and Compensation Committee ("ERCC") and the Risk Committee ("RC"), respectively.

Additional Details

Date Of Appointment
01/01/2025
Name Of Person
Eugene Paul Lai Chin Look
Age
61
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Based on the recommendation of the Nominating Committee, the Board is satisfied that Mr Eugene Paul Lai Chin Look will bring invaluable insights beneficial to the Company and the Board. Mr Lai's credential, experience, background, knowledge and expertise will provide and complement the diversity of skill sets which are relevant to the Company and his perspectives contribute to the Board's deliberations.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, ERCC Member, RC Member
Professional qualifications
Bachelor of Laws (First Class Honours), The London School of Economics & Political Science, University of London, UK
Master of Laws, Harvard University, USA
Masters in Christian Studies (Cum Laude), Biblical Graduate School of Theology, Singapore
Admitted to the Roll of Solicitors, England & Wales
Admitted to New York State Bar
Admitted to the Singapore Bar
Admitted to the Malaysian Bar
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
Director of various listed and non-listed companies (2022 - present)
Managing Director and Co-Managing Partner of Southern Capital Group (2007 - 2022)
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)
Please see Appendix attached.
Present
Please see Appendix attached.
(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?
Yes
If Yes, Please provide full details
Mr Lai was a non-executive director of Universal EC Investments Pte. Ltd. ("UECI") from September 2014 to August 2021 and its wholly owned subsidiary, Greatearth Pte. Ltd. ("GEPL"), from January 2015 to August 2021. He was not part of the management of UECI or GEPL. UECI and GEPL were placed in a creditors' voluntary winding up and a liquidator was appointed on 30 August 2021 for the companies. UECI has been dissolved in a creditors' voluntary winding up on 5 June 2024.

UECI was an investment holding company incorporated for the purpose of investing in the shares of GEPL, which was a group holding company. Two of GEPL's subsidiaries were construction companies and their business was badly affected by the covid-19 pandemic and, as a result, UECI and GEPL were unable to continue as going concerns. UECI and GEPL were not insolvent before the covid-19 pandemic. These companies took steps to try to avoid insolvency during the covid-19 pandemic such as disposing assets, cost control and rescheduling their debts. To Mr Lai's knowledge, there have been no subsequent investigations conducted by regulatory authorities on whether there was any wrongdoing by these companies.
(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?
Yes
If Yes, Please provide details of prior experience
Raffles Holdings Limited (2001 - 2003)
The Ascott Group Limited (2003 - 2004)
AIMS AMP Capital Industrial REIT Management Limited (2010 - 2019)
Perennial Real Estate Holdings Limited (2014 - 2020)
Paragon REIT Management Pte. Ltd. (the Manager of Paragon REIT) (2022 - present)

Attachments

EL_Appendix.pdf
Total size =41K