Change - Announcement of Appointment::Re-designation of Non-Executive and Non-Independent Director to Executive Director

Issuer & Securities

Issuer/ Manager
KEONG HONG HOLDINGS LIMITED
Securities
KEONG HONG HOLDINGS LIMITED - SG2D92977651 - 5TT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Aug-2022 17:32:25
Status
New
Announcement Sub Title
Re-designation of Non-Executive and Non-Independent Director to Executive Director
Announcement Reference
SG220829OTHRSIFS
Submitted By (Co./ Ind. Name)
Heng Michelle Fiona/Lim Guek Hong
Designation
Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr Xu Quanqiang from Non-Executive and Non-Independent Director to Executive Director.

Additional Details

Date Of Appointment
01/09/2022
Name Of Person
Xu Quanqiang
Age
44
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
25/03/2022
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
On the recommendation of the Nominating Committee, the Board has approved the re-designation of Mr Xu Quanqiang ("Mr Xu") as Executive Director, taking into consideration his credentials and experience, as well as the current Board composition of the Company. The Board is of the view that Mr Xu will be in a good position to oversee the investment portfolios of the Group.
Whether appointment is executive, and if so, the area of responsibility
Mr Xu will oversee the investments of the Group which include developing and implementing effective investment processes and strategies, as well as performing regular investment reviews.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Professional qualifications
Master of Business Administration from the University of South Australia
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
Mr Xu is a Director of a substantial shareholder, LJHB Capital (S) Ptd Ltd and also a Chief Executive Officer of the other substantial shareholders, LJHB Holdings (S) Pte Ltd and Forevertrust International (S) Pte Ltd. Except as disclosed, he is not related to any other existing Director, executive officer or substantial shareholder of the Company or any of its principal subsidiaries.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
June 2017 to Present
- Chief Executive Officer of LJHB Holdings (S) Pte Ltd, LJHB USA Inc, and Forevertrust International (S) Pte Ltd.

January 2017 to May 2017
- Chief Executive Officer of Ronghua Group Pte Ltd

June 2016 - December 2016
- Regional General Manager of GIC Group Pte Ltd,

October 2013 - May 2016
- Country General Manager of BSI Group Singapore Pte Ltd,

July 2012 - October 2013
- Sales and Marketing Director of BSI Group Singapore Pte Ltd

March 2006 - July 2012
- Assistant Vice President (Sales) of TUV SUD PSB Pte 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)
BSI Group Singapore Pte Ltd
Present
Directorships:
1. Innotrust Pte Ltd
2. Wisestone Pte Ltd
3. PT Forevertrust International Indonesia
4. Grandwood Holdings Pte Ltd
5. Grandwood (Japan) Pte Ltd
6. LJHB Capital (S) Pte Ltd
7. Forevertrust International (S) Pte Ltd

Other Principal Commitments:
1. LJHB Holdings (S) Pte Ltd - Chief Executive Officer
2. LJHB USA Inc - Chief Executive Officer
3. Forevertrust International (S) Pte Ltd - Chief Executive Officer
(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?
Yes
If Yes, Please provide details of prior experience
Director of Keong Hong Holdings Limited since March 2021.
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)
NA