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

Issuer & Securities

Issuer/ Manager
JADASON ENTERPRISES LTD
Securities
JADASON ENTERPRISES LTD - SG1I79884330 - J03
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Jul-2021 17:21:12
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG210701OTHRGRGI
Submitted By (Co./ Ind. Name)
Tan Kok Yong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Non-Executive Director.

Additional Details

Date Of Appointment
01/07/2021
Name Of Person
Teng Cheong Kwee
Age
67
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 the Company, upon the review and recommendation of the Nominating Committee, and taking into consideration the qualifications, experience and expertise of Mr. Teng Cheong Kwee, is of the view that the appointment of Mr. Teng Cheong Kwee as an Independent Non-Executive Director of the Board, the Chairman of the Nominating Committee and Remuneration Committee and a member of the Audit Committee of the Company, is appropriate.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Chairman of Nominating Committee
Chairman of Remuneration Committee
Member of Audit Committee
Professional qualifications
Bachelor of Engineering (Industrial) (First Class Honours)
Bachelor of Commerce, University of Newcastle, NSW, Australia
Fellow of Singapore Institute of Directors
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
Served and serving as director of companies, including SGX-listed companies and unlisted companies.
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)
Independent Director of First Resources Ltd (Chairman of Audit Committee)
Independent Director of AVIC International Maritime Holdings Ltd (Lead Independent Director and Chairman of Audit Committee and Nominating Committee)
Independent Director of Memtech International Ltd (Chairman of Nominating Committee)
Independent Director of Techcomp (Holdings) Ltd (Chairman of Nominating Committee)
Director of Kaixin Industrial Pte Ltd
Director of Pheim Asset Management (Asia) Pte Ltd
Present
Independent Director of AEI Corporation Ltd (Lead Independent Director and Chairman of Nominating Committee)
Independent Director of Greenland (Singapore) Trust Management Pte Ltd
Independent Director of CEL Impetus Corporate Finance Pte Ltd
Director of T3Z Advisory & Consultancy Pte Ltd
Director of Pheim SICAV / SIF Fund (Luxembourg-registered fund)
Director of Pheim ASEAN All-Cap Equity Fund (Cayman Islands registered fund)
(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. Teng Cheong Kwee is currently an Independent Director of AEI Corporation Ltd and was an Independent Director of First Resources Ltd, AVIC International Maritime Holdings Ltd, Memtech International Ltd and Techcomp (Holdings) Ltd.
Please refer to the information provided under "Other Principal Commitments Including Directorships".
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