Change - Announcement of Appointment::APPOINTMENT OF MR WEE EE LIM AS CHAIRMAN

Issuer & Securities

Issuer/ Manager
UOL GROUP LIMITED
Securities
UOL GROUP LIMITED - SG1S83002349 - U14
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
27-Feb-2024 17:30:22
Status
New
Announcement Sub Title
APPOINTMENT OF MR WEE EE LIM AS CHAIRMAN
Announcement Reference
SG240227OTHR9RWB
Submitted By (Co./ Ind. Name)
Yeong Sien Seu
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of UOL Group Limited (the "Company") wishes to announce the appointment of Mr Wee Ee Lim as Chairman of the Company.

Additional Details

Date Of Appointment
27/02/2024
Name Of Person
Wee Ee Lim
Age
62
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)
Mr Wee Ee Lim is the Deputy Chairman, a Non-Executive and Non-Independent Director of the Company. The Nominating Committee ("NC") reviewed Mr Wee's experience, skillset and contributions to the Group, and has recommended his appointment as Chairman to the Board of Directors.

The Board has considered the recommendation of the NC and has approved the appointment of Mr Wee Ee Lim as Chairman of Board with effect from 27 February 2024.

Mr Wee Ee Lim will also be appointed as Chairman of the Executive Committee.

Please refer to the Company's other announcement today relating to the subject matter.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Board and Executive Committee
Professional qualifications
Bachelor of Arts (Economics), Clark University, USA
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 Wee Ee Lim is the brother of Mr Wee Ee-chao, Director and substantial shareholder of the Company, Mr Wee Ee Cheong, substantial shareholder of the Company and Ms Wee Wei Ling, Executive Director (Sustainability Partnerships, Lifestyle and Asset) of Pan Pacific Hotels Group Limited. He is also the uncle of Mr Eu Zai Jie, Jonathan, Executive and Non-Independent Director, and Chief Executive Officer, of Singapore Land Group Limited.
Conflict of interests (including any competing business)
None, other than his position as Chairman and Director of Singapore Land Group Limited and his shareholding interest (direct and deemed interest) of approximately 15.74% of the shares of the Company.
Working experience and occupation(s) during the past 10 years
Mr Wee Ee Lim is the President & Chief Executive Officer of Haw Par Corporation Limited ("HPC"), a mainboard-listed company with businesses in the healthcare, leisure, property and investment sectors. Mr Wee joined HPC in 1986. He was appointed to the board of HPC in 1994 and to his current role of President and Chief Executive Officer in 2003.
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?
Yes
Shareholding Details
UOL Group Limited
Direct - 260,975 shares
Deemed - 132,728,315 shares
# 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 attached Appendix A
Present
Please see attached Appendix A
(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
Please see attached Appendix A
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

Attachments

WEL_Appendix A.pdf
Total size =15K