Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
OUE COMMERCIAL REIT MANAGEMENT PTE. LTD.
Securities
OUE COMMERCIAL REIT - SG2G60000004 - TS0U
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Dec-2022 17:53:04
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG221230OTHRZ5XY
Submitted By (Co./ Ind. Name)
Kelvin Chua
Designation
Company Secretary, OUE Commercial REIT Management Pte. Ltd. (as Manager of OUE Commercial REIT)
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Tan Huay Lim as Independent Director of OUE Commercial REIT Management Pte. Ltd. (the "Manager").

Additional Details

Date Of Appointment
01/01/2023
Name Of Person
Tan Huay Lim
Age
66
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)
The Nominating and Remuneration Committee of the Manager has reviewed the qualifications and experience of Mr Tan Huay Lim and has recommended his appointment as Independent Director.

The Board of Directors of the Manager, having reviewed and considered Mr Tan Huay Lim's qualifications and experience, has approved his appointment as Independent Director.
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 and Chairman of the Audit and Risk Committee
Professional qualifications
Bachelor of Commerce (Accountancy) from Nanyang University Singapore, Fellow Member of the Institute of Singapore Chartered Accountants, the Association of Chartered Certified Accountants (United Kingdom) and the Certified Practising Accountants (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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Mr Tan Huay Lim has 40 years of experience in audit, accounting and finance. He served as a partner of KPMG Singapore for 23 years until his retirement in September 2015.
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)
1. ASL Marine Holdings Ltd.
2. Green Link Digital Bank Pte. Ltd.
3. Hong Leong Asia Ltd.
4. Koufu Group Pte. Ltd. (formerly known as Koufu Group Limited)
5. Ren Ci Hospital
6. Singapore Hokkien Huay Kuan
7. Xihe Capital (Pte.) Ltd. (in liquidation pursuant to a members' voluntary winding up since 22 October 2020 and in liquidation pursuant to a creditors' voluntary winding up since 19 November 2021)
8. Xihe Holdings (Pte) Ltd (under judicial management since 13 November 2020 and in liquidation pursuant to a compulsory winding up since 24 March 2022)
9. Zheneng Jinjiang Environment Holding Company Limited
Present
1. Elite Commercial REIT Management Pte. Ltd. (the Manager of Elite Commercial REIT) (A)
2. Dasin Retail Trust Management Pte. Ltd. (the Trustee-Manager of Dasin Retail Trust) (A)
3. Linklogis Inc. (B)
4. SF REIT Asset Management Limited (the Manager of SF Real Estate Investment Trust) (B)
5. Sheng Siong Group Ltd. (A)

(A) Listed on Singapore Stock Exchange
(B) Listed on Hong Kong Stock Exchange
(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 Tan Huay Lim was:
(i) an Independent Non-executive Director of Xihe Holdings (Pte) Ltd ("XHPL") from 1 July 2020 to 28 August 2020. XHPL was placed under interim judicial management on 13 August 2020 and under judicial management on 13 November 2020. XHPL has been in liquidation pursuant to a compulsory winding up since 24 March 2022; and

(ii) an Independent Non-executive Director of Xihe Capital (Pte.) Ltd. ("XCPL") from 1 July 2020 to 28 August 2020. XCPL has been in liquidation pursuant to a members' voluntary winding up since 22 October 2020 and in liquidation pursuant to a creditors' voluntary winding up since 19 November 2021.
(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
Yes
If Yes, Please provide full details
On 29 March 2009, Mr Tan Huay Lim was interviewed by the Commercial Affairs Department ("CAD") in his capacity as a member of the Management Committee of Ren Ci Hospital & Medicare Centre ("RCHMC") in connection with CAD's investigations in the affairs of RCHMC. For the avoidance of doubt, Mr Tan Huay Lim was not the subject of the foregoing investigations and following the interview, Mr Tan Huay Lim has not been required by the CAD to provide any further assistance in the matter for which he was interviewed. RCHMC, which was registered as a society under the Societies Act 1966 of Singapore, was voluntarily dissolved on 31 March 2013.
(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
Mr Tan Huay Lim is currently the Independent Non-Executive Director of the following companies listed on the Main Board of the SGX-ST:
1. Dasin Retail Trust Management Pte Ltd (the Trustee-Manager of Dasin Retail Trust)
2. Elite Commercial REIT Management Pte Ltd (the Manager of Elite Commercial REIT)
3. Sheng Siong Group Ltd