Change - Announcement of Appointment::APPOINTMENT OF LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
SOON LIAN HOLDINGS LIMITED
Securities
SOON LIAN HOLDINGS LIMITED - SG1W36938981 - 5MD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-Dec-2020 18:02:44
Status
New
Announcement Sub Title
APPOINTMENT OF LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG201218OTHR51MH
Submitted By (Co./ Ind. Name)
TAN YEE HO
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Yap Kian Peng ("Mr Yap") as the Lead Independent Non-Executive Director, the Chairman of the Remuneration Committee ("RC") and a member of the Audit Committee ("AC") and the Nominating Committee ("NC") of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor.

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Lee Khai Yinn, SAC Capital Private Limited at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone (65) 6232 3210.

Additional Details

Date Of Appointment
18/12/2020
Name Of Person
Yap Kian Peng
Age
54
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Please refer to the attachment.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Non-Executive Director, RC Chairman, AC Member and NC Member
Professional qualifications
Bachelor Degree in Business (Business Administration), RMIT University
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)
None
Working experience and occupation(s) during the past 10 years
December 2011 to Present - Chief Executive Officer, Jackspeed Corporation Limited
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
Direct interest of 50,000 shares in the Company
# 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)
1. Agrow Development Pte. Ltd.
2. Capital Equity Holdings Pte. Ltd.
3. Soon Lian Holdings Limited
Present
1. Better Resources Pte. Ltd.
2. Index Agency Pte. Ltd.
3. Index Credit Pte. Ltd.
4. Jackspeed Corporation Limited
5. Jackspeed Holdings Pte. Ltd.
6. Jackspeed Singapore Pte. Ltd.
7. Leganda Pte. Ltd.
8. M Development Ltd.
9. Newfort Realty Pte. Ltd.
10. Seroja Investments Limited
11. Simply Motor Pte. Ltd.
(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 Yap is an independent director of M Development Ltd. ("MDL") since 26 April 2013. On 26 July 2015 and 4 August 2015, MDL announced that it has placed the following entities under the Winsta Group into creditors' voluntary liquidation:
(a) Katong Hostel Pte. Ltd.;
(b) Evan Hostel Pte. Ltd.;
(c) The Hill Lodge @ Mount Vernon Pte. Ltd.;
(d) Global Residence Pte. Ltd.;
(e) Pearl Hill Hostel Pte. Ltd.;
(f) Queensway Student Hostel Pte. Ltd.; and
(g) Carlisle Hostel Management Pte. Ltd.
(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
Yes
If Yes, Please provide full details
On 9 April 2015, MDL announced that it has taken steps to conduct an inquiry into the operations and affairs of its 51%-owned subsidiary, Winsta Holdings Pte. Ltd. and its group companies ("Winsta Group"), including its procurement processes. On 18 September 2015, MDL announced the findings of KordaMentha, the forensic consulting firm, and the matters disclosed in the report were the subject of the litigation in the High Court of Singapore against certain management members of MDL and their associates. Mr Yap is at no time a subject of the internal inquiry and he was, together with other members of the board of MDL, overseeing the review process conducted by KordaMentha.
(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
- Existing Executive Deputy Chairman and Chief Executive Officer of Jackspeed Corporation Limited
- Existing Independent Non-Executive Director of M Development Ltd.
- Existing Independent Non-Executive Director of Seroja Investments Limited

Attachments

Soon Lian_Additional Disclosures_Appointment of ID.pdf
Total size =95K