Change - Announcement of Appointment::Re-designation of Independent Non-Executive Director to Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
TALKMED GROUP LIMITED
Securities
TALKMED GROUP LIMITED - SG2G61000003 - 5G3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-Nov-2023 17:58:19
Status
New
Announcement Sub Title
Re-designation of Independent Non-Executive Director to Non-Independent Non-Executive Director
Announcement Reference
SG231110OTHR2S8T
Submitted By (Co./ Ind. Name)
Lee Boon Yong
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr Sitoh Yih Pin from Independent Non-Executive Director to Non-Independent Non-Executive Director of the Company with effect from 1 January 2024.

Additional Details

Date Of Appointment
01/01/2024
Name Of Person
Sitoh Yih Pin
Age
60
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
21/04/2022
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Pursuant to Rule 210(5)(d)(iv) of the Listing Manual of the SGX-ST ("Listing Rule"), Mr Sitoh Yih Pin has served on the board of Directors ("Board") for an aggregate period of more than nine years and will cease to be independent upon the conclusion of the Company's annual general meeting for the financial year ending 31 December 2023. Upon the recommendation of the Nominating Committee, the Board is of the view that Mr Sitoh Yih Pin's re-designation as a Non-Independent Non-Executive Director would be in compliance with the Listing Rule.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director, Member of the Audit and Risk Committee
Professional qualifications
Bachelor of Accountancy (Honours)
National University of Singapore

Member
Institute of Singapore Chartered Accountants

Member
Chartered Accountants Australia and New Zealand
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)
No
Working experience and occupation(s) during the past 10 years
Chartered Accountant
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)
- Yeo Hiap Seng Limited (Listed on SGX)
- ISEC Healthcare Ltd (Listed on SGX)
- PAP Community Foundation
- CLA Global TS Public Accounting Corporation
Present
Directorships in companies within his firm:
- TSA Capital Pte Ltd
- TSA Recruitment Consultants Pte Ltd
- NTS Myanmar Company Limited
- CLA Global TS Holdings Pte Ltd
- CLA Global TS Risk Advisory Pte Ltd
- CLA Global TS Tax Services Pte Ltd
- CLA Global TS Technology Pte Ltd
- CLA Global TS Advisory Pte Ltd
- CLA Global TS Advisory Sdn Bhd

Other directorships and appointments:
- Potong Pasir Grassroots Organisations - Advisor
- PAP Community Foundation - Potong Pasir Branch Chairman
- Jalan Besar Town Council - Vice Chairman
- Central Community Development Council - Council Member
- People's Action Party - Potong Pasir Branch Chairman
- China Taiping Insurance (Singapore) Pte. Ltd. - Director
- Government Parliamentary Committee for Ministry of Culture, Community and Youth - Chairman
- Government Parliamentary Committee for Ministries of Law and Home Affairs - Member
- People's Association - Board of Management
(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
Mr Sitoh has been a director of the Company since 2013. He was previously a director of other listed companies. Please refer to "Other Principal Commitments Including Directorships" section of this announcement.
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)
N.A.