Change - Announcement of Appointment::Appointment of Chief Financial Officer

Issuer & Securities

Issuer/ Manager
ZHONGMIN BAIHUI RETAIL GROUP LTD.
Securities
ZHONGMIN BAIHUI RETAIL GRP LTD - SG2C76966531 - 5SR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Apr-2022 20:48:21
Status
New
Announcement Sub Title
Appointment of Chief Financial Officer
Announcement Reference
SG220426OTHR4K3I
Submitted By (Co./ Ind. Name)
LEE SWEE KENG
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Financial Officer

Additional Details

Date Of Appointment
04/05/2022
Name Of Person
Serine Yeo Ngen Huay
Age
53
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has reviewed and considered Ms. Serine Yeo Ngen Huay's qualifications and work experience and has approved the appointment of Ms. Yeo on the recommendation of the Nominating Committee.
Whether appointment is executive, and if so, the area of responsibility
Executive. Ms. Serine Yeo Ngen Huay will lead the finance team and act as a business partner to the management, assess the organizational performance against both the annual budget and the Group's long-term strategy.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Professional qualifications
Fellow Certified Public Accountant (FCPA), Bachelor of Commerce, Accredited Tax Practitioner (ATP) (Income Tax; Goods and Service Tax), Diploma in Computer Studies
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
Nil.
Conflict of interests (including any competing business)
Nil.
Working experience and occupation(s) during the past 10 years
Ms. Serine Yeo Ngen Huay had held the position of Chief Financial Officer over the years at reputable companies. She held the position at Singapore Kitchen Equipment Ltd (SKE) from 4 June 2021 to 18 February 2022, at Uniseal Global Pte Ltd from June 2020 to May 2021, and at Matex International Ltd from February 2013 to June 2020. Prior to this, she held the position of Regional Financial Controller at Q Lifestyle (S) Pte Ltd from June 2012 to January 2013 and held the position of Group Financial Controller at Pathway Wellness Pte Ltd from August 2009 to June 2012. She is experienced in performing financial analysis and forecasts to recommend strategies for business planning, and working with the management team to support decision making.

On 11 April 2022, SKE announced that it had received a letter from the Accounting and Corporate Regulatory Authority (ACRA) stating that it is conducting an investigation into possible breaches of Section 402(1) of the Companies Act 1967 and requested a copy of a certain report prepared by Rajah & Tann Singapore (R&T Report). The additional review in respect of the audit of the financial statements for the year ended 31 December 2020 as requested by ACRA, was the period when Ms. Serine Yeo Ngen Huay was not an employee of SKE or any of its subsidiaries.
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)
Nil
Present
Nil
(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?
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