Change - Announcement of Appointment::Appointment of Executive Director

Issuer & Securities

Issuer/ Manager
RAFFLES UNITED HOLDINGS LTD.
Securities
RAFFLES UNITED HOLDINGS LTD. - SG1C10012922 - K22
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
24-Feb-2016 17:46:58
Status
New
Announcement Sub Title
Appointment of Executive Director
Announcement Reference
SG160224OTHR6B6P
Submitted By (Co./ Ind. Name)
Teh Geok Koon
Designation
Executive Director cum Chief Operating Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms Teo Xian-Hui Amanda Marie as Executive Director who is a substantial shareholder and a relative of a director.

Additional Details

Date Of Appointment
24/02/2016
Name Of Person
Teo Xian-Hui Amanda Marie
Age
33
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board noted a proposal from the Managing Director, Mr Teo Teng Beng, to consider the appointment of Ms Teo Xian-Hui Amanda Marie ( TXH ) as an Executive Director of the Company. The Nominating Committee and the Board assessed and considered TXH's academic qualifications, working experience and capabilities and the Board approved her appointment as an Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive Director, oversees property investment division and reviews bank financing and corporate issues for the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Daughter of Teo Teng Beng, Managing Director of RUH.
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
1. Nov 2006 to Mar 2008: Personal Banker of United Overseas Bank
2. Apr 2008 to Apr 2010: Executive Secretary, Group Operations of Kian Ho Bearings Ltd (former name of Raffles United Holdings Ltd)
3. 2008-present: Overseeing the management of private investment holding/property companies
4. Apr 2010-Present: Head Business Development of Raffles Money Change Pte Ltd
5. Aug 2014-Present: Executive Secretariat of Raffles United Holdings Ltd
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
0.05% direct interest and 65.55% deemed interest in the Company through Raffles United Pte Ltd ( RU ) because of her 52% shareholding in RU.
# 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)
N/A
Present
1. Raffles Acres Pte Ltd (Director)
2. Raffles Majestic Investments Pte Ltd (Director)
3. Raffles Property Management Pte Ltd (Director)
4. Raffles Global Investments Pte Ltd (Director)
5. Raffles Majestic Realty Pte Ltd (Director)
6. Raffles Land & Investments Pte Ltd (Director)
7. Raffles Capital Enterprise Pte Ltd (Director)
(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 a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
TXH has attended Corporate Governance training conducted by Singapore Institute of Directors in November 2014.

TXH had been the Executive Secretary, Group Operations of the Company from Apr 2008 to Apr 2010. She had been the Executive Secretariat of the Company since Aug 2014 overseeing the property division of the Group and being involved in Group management and corporate issues of the listed company. She was appointed director for several Singapore entities of the Group as well. As such, TXH has the necessary pre-requisite on-the-job training to fulfil her role as a director of a listed company.