Change - Announcement of Appointment::Appointment of Executive Officer - Head, Marine & Offshore Division

Issuer & Securities

Issuer/ Manager
SALT INVESTMENTS LIMITED
Securities
SALT INVESTMENTS LIMITED - SG1W79939920 - FQ7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
17-Nov-2024 21:26:03
Status
New
Announcement Sub Title
Appointment of Executive Officer - Head, Marine & Offshore Division
Announcement Reference
SG241117OTHR32P6
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)

Following the completion of the acquisition of a majority stake in Prosper Excel Engineering Pte. Ltd., details of which can be found in the Circular dated 15 October 2024 issued by the Company to Shareholders, the Company has appointed Mr. Johnny Lian Tian Yong as the Group's Head, Marine & Offshore Division, including his continuing role and responsibility of overseeing the operations of Prosper Excel Engineering Pte. Ltd..

Additional Details

Date Of Appointment
15/11/2024
Name Of Person
LIAN TIAN YONG JOHNNY
Age
58
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)
Following the completion of the acquisition of a majority stake in Prosper Excel Engineering Pte. Ltd., details of which can be found in the Circular dated 15 October 2024 issued by the Company to Shareholders, the Company has appointed Mr. Johnny Lian Tian Yong as the Group's Head, Marine & Offshore Division, including his continuing role and responsibility of overseeing the operations of Prosper Excel Engineering Pte. Ltd..

The Board, having considered the experience, track record, his business network and contacts in the maritime industry as well as Prosper Excel Engineering Pte. Ltd. being now a principal subsidiary of the Company, accepts the recommendation of the Management to appoint Mr. Lian to the position of Head, Marine & Offshore Division, and approves his appointment as an Executive Officer of the Group.
Whether appointment is executive, and if so, the area of responsibility
Executive. Apart from continuing his role and responsibility of overseeing the operations and growth of the businesses of Prosper Excel Engineering Pte. Ltd., Mr. Lian will assist the Chief Executive Officer with the strategic charting and planning of the Group's expansion and growth of its Marine & Offshore Division, and support the Group's diversification into the Digital Transformation Business in the maritime industry (as more particularly explained in the Circular dated 15 October 2024 issued by the Company to Shareholders).
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Head, Marine & Offshore Division
Professional qualifications
Bachelor of Business (BBA)
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
None.
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Managing Director / Chief Executive Officer - Prosper Excel Engineering Pte. Ltd. (2015 - present)
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
Mr. Lian is a direct shareholder of 1,666,666,667 ordinary shares of the Company.
# 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)
JAS Medical Screening Centre Pte. Ltd.
Present
JAS Medical Centre Pte. Ltd.

Kinross Pte. Ltd.

Jastrol Pte. Ltd.

Prosper Excel Engineering Pte. Ltd.
(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?
Yes
If Yes, Please provide full details
Mr. Lian was fined on 31 March 2014 for an offence under the Securities and Futures Act 2001 relating to offering securities in Singapore without a licence in connection with an entity which was then working on a foreign listing.
(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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Not Applicable
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.