Change - Announcement of Appointment::Appointment of Non-Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
INTERNATIONAL HEALTHWAY CORPORATION LIMITED
Securities
INTL HEALTHWAY CORP LIMITED - SG2F86994413 - 5WA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
27-Apr-2016 20:31:56
Status
New
Announcement Sub Title
Appointment of Non-Independent Non-Executive Director
Announcement Reference
SG160427OTHRRW3Z
Submitted By (Co./ Ind. Name)
Lim Beng Choo
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Independent Non-Executive Director

This announcement has been prepared by International Healthway Corporation Limited (the "Company") and its contents have been reviewed by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Date Of Appointment
27/04/2016
Name Of Person
Lim Thien Su Gerald
Age
58
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Upon the recommendation of the Nominating Committee, which had reviewed the qualifications and experience of Mr Lim Thien Su Gerald ("Mr Lim"), the Board of Directors approved his appointment as Non-Independent Non-Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
No. Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
1999 to 2012 - Chief Executive Officer, Aon Trade Credit Asia, Aon
2005 to 2009 - Chief Executive Officer, Aon Taiwan, Aon
2009 to 2012 - Chief Executive Officer, Aon Singapore, Aon
2012 to date - Chief Executive Officer, Trade Credit Financial and Political Risks, Asia, Marsh
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)
Please see Annexure A
Present
Please see Annexure 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?
Yes
If Yes, Please provide full details
Mr Lim was a non-executive director of Norwest Holdings Pte Ltd ("Norwest") from 23 September 1996 to 27 October 2006. Norwest was an associated company of Hwa Hong Corporation Ltd ("Hwa Hong"). Mr Lim was a nominee director of Hwa Hong on the board of Norwest. Mr Lim was employed by the Hwa Hong Group from 1990 to 1999, but continued as a non-executive director of Norwest until October 2006.

Mr Lim understands that after he ceased to be a director of Norwest, there was a shareholders disagreement and consequently Hwa Hwa Edible Oils Industries (a member of Hwa Hong group, and shareholder of Norwest, and its main creditor) applied for Norwest to be liquidated. Pursuant to an order of court, Norwest was placed under compulsory liquidation on 11 January 2008 and is currently still under liquidation.
(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?
Yes
If Yes, Please provide details of prior experience
Independent Director of Hi-P International Ltd and Blackgold Natural Resources Ltd

Attachments

AnnexureAGerald.pdf
Total size =7K