Change - Announcement of Appointment::Appointment of Mr. Ong Tiew Siam as an Non-Executive Independent Director

Issuer & Securities

Issuer/ Manager
CSC HOLDINGS LIMITED
Securities
CSC HOLDINGS LTD - SG1F84861094 - C06
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
06-Jul-2018 18:10:48
Status
New
Announcement Sub Title
Appointment of Mr. Ong Tiew Siam as an Non-Executive Independent Director
Announcement Reference
SG180706OTHRO92Q
Submitted By (Co./ Ind. Name)
Lee Quang Loong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Ong Tiew Siam ("Mr. Ong") as an Non-Executive Independent Director.

Additional Details

Date Of Appointment
28/07/2018
Name Of Person
Ong Tiew Siam
Age
65
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The board of directors of CSC Holdings Limited (the "Company"), after having reviewed and considered the qualifications, experience and suitability of Mr. Ong and upon the recommendation of the Nominating Committee, has approved the appointment of Mr. Ong as an Non-Executive Independent Director of the Company on 28 July 2018. Following his appointment, Mr. Ong will also be appointed as Chairman of the Audit Committee ("AC"), Chairman of the Risk Management Committee ("RMC") and a Member of the Remuneration Committee ("RC"). The Board considers Mr. Ong to be independent for the purposes of Rule 704(8) of the Listing Manual.
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-Executive Independent Director, Chairman of the AC, Chairman of the RMC and member of the RC.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N/A
Conflict of interests (including any competing business)
N/A
Working experience and occupation(s) during the past 10 years
Executive Director-Finance of Tat Hong Holdings Ltd (year 1999 to 2009)
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
3,000,000 shares & 15,000,000 warrants (Direct Interest)
# 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)
Director of
1. Ace Achieve Infocom Limited
2. Fung Choi Media Group Limited
3. J Chanel Enterprise Pte Ltd
4. Lizhong Wheel Group Ltd
5. Tat Hong Equipment Services Co. Ltd
6. Tat Hong Properties Pte Ltd
7. Tiong Hua Whee Pte Ltd


Present
Director of
1. Design Studio Group Ltd
2. Tat Hong Holding Limited
3. Thomson Ng Chwee Cheng Foundation Limited
4. Valuetronics Holdings Limited
(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. Ong was an independent non-executive director of Fung Choi Media Group Limited ("FCM"), a company incorporated in Bermuda which was previously listed on the mainboard of the SGX-ST. He was not in charge of the day-to-day running of FCM. On 20 March 2015, a winding up petition on the grounds of insolvency was made by BCA Best Business Service Limited (the "Bondholder") with the Supreme Court of Bermuda ("Bermuda Court") in relation to an outstanding debt of USD 43,939,101 due from FCM to the Bondholder. On 25 November 2016, the Bermuda Court heard the winding up petition and made an order for FCM to be wound up. FCM was accordingly delisted from the mainboard of the SGX-ST on 24 July 2017.
(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
Mr. Ong served several years as an independent director of ACE Achieve Infocom Limited, Design Studio Group Ltd, Fung Choi Media Group Limited, Lizhong Wheel Group Ltd, Tat Hong Holdings Limited and Valuetronics Holdings Limited.