Change - Announcement of Appointment::APPOINTMENT OF CEO AND MANAGING DIRECTOR

Issuer & Securities

Issuer/ Manager
LH GROUP LIMITED
Securities
LH GROUP LIMITED - SG1CB3000007 - BKB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-Feb-2017 21:48:27
Status
New
Announcement Sub Title
APPOINTMENT OF CEO AND MANAGING DIRECTOR
Announcement Reference
SG170215OTHRPRYD
Submitted By (Co./ Ind. Name)
TAN HAI PENG MICHEAL
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
APPOINTMENT OF CEO AND MANAGING DIRECTOR

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the 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 Mr. Sebastian Jones, SAC Capital Private Limited at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542. Telephone number: +65 6532 3829. SAC Capital Private Limited is the parent company of SAC Advisors Private Limited.

Additional Details

Date Of Appointment
15/02/2017
Name Of Person
CHAN FOOK KHEONG ("GLEN CHAN")
Age
53
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Based on the expertise and past experience of Glen Chan, the Board believes that he is able to perform his duties and responsibilities that are in line with his role within the Group.
Whether appointment is executive, and if so, the area of responsibility
Executive

Glen Chan shall oversee and manage all of the Group's investments in real estate development projects in Asia and will also be involved in all key aspects of the operations, business and strategic planning of the Group. He shall also be responsible for the implementation of business strategies and growth of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
CEO and Managing Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.
Conflict of interests (including any competing business)
No.
Working experience and occupation(s) during the past 10 years
Mar 2016 to Present Non-Executive Director with Pacific Star Development Limited (formerly known as LH Group Limited)

Oct 2004 to Present President and CEO with PSD Singapore Pte. Ltd. (formerly known as Pacific Star Development Pte. Ltd.)
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
Deemed interest 48,398,700 ordinary shares

Glen Chan owns 20.0% of the issued and paid-up share capital of Glaxier City Limited. The other 80.0% of the issued and paid-up share capital of Glaxier City Limited is held by Global Century Ltd. The entire issued and paid-up capital of Global Century Ltd is held by Fidelitycorp Limited as trustee of a discretionary trust, of which one of the protectors is Glen Chan.

Glen Chan is also the sole shareholder of Double Blessing Holdings Limited.

Accordingly, Glen Chan is deemed to be interested in the 30,949,350 and 17,449,350 ordinary shares in the Company held by Glaxier City Limited and Double Blessing Holdings Limited respectively.
# 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)
28/06/2006 to 18/04/2016
Director
Real Gold (Labuan) Ltd

05/12/2005 to 08/11/2013
Director
Baitak Asian Real Estate Fund 1 (Labuan) Limited

30/07/2007 to 08/12/2015
Director
PSID Investment (AREPDF) Limited

30/11/2005 to 10/12/2015
Director
PSID Fund Holdings (Labuan) Limited

16/01/2006 to 05/10/2015
Director
PSID Singapore Pavilion (Labuan) Limited

01/08/2008 to 08/12/2015
Director
Real Gold (BVI) Limited

13/08/2008 to 08/12/2015
Director
Rajdamri Holdings Co. Ltd.

17/12/2008 to 08/12/2015
Director
Visceroy Holdings Limited

14/12/2009 to 09/05/2012
Director
PSD Berjaya Ratchadamri Pte. Ltd.

01/11/2010 to 28/08/2012
Director
Pacific Star Operations Pte. Ltd.

01/11/2010 to 28/08/2012
Director
MEAG Pacific Star Asset Management Pte. Ltd.

12/01/2006 to 03/11/2014
Director
PSID Fund Holdings 2 (Labuan) Limited

09/03/2012 to 16/08/2013
Director
Puncak Sejahtera Development Sdn. Bhd.

15/11/2005 to 08/11/2013
Director
KL Pavilion (Labuan) Limited

20/05/2013 to 29/01/2014
Director
Lebaron Holdings Limited

25/03/2013 to 22/09/2014
Director
Pacific Star Japan Co., Ltd.

02/12/2009 to 24/05/2016
Director
Sakti Capital Partners Pte. Ltd.

01/11/2012 to 15/06/2016
Director
Pacific Star International (Thailand) Ltd.

05/06/2012 to 26/09/2016
Director
Sinocrest Holdings Limited



15/06/2012 to 26/09/2016
Director
Pacific Star Fund Management Limited

19/06/2012 to 20/10/2016
Director
Karnkiri Pattana Co., Ltd.

27/06/2012 to 20/10/2016
Director
Kantakiri Pattana Co., Ltd.

31/07/2012 to 26/09/2016
Director
Pacific Star Asia Ltd


14/05/2007 to 26/09/2016
Director
PSID AREPDF Limited

11/04/2008 to 13/10/2016
Director
Paramount Universal Ltd.

31/08/2007 to 13/10/2016
Director
Asia Real Estate Prime Development Fund Holdings Ltd.

17/05/2007 to 01/08/2015
Director
Asia Real Estate Prime Development Fund Ltd.

24/07/2007 to 01/08/2015
Director
Asia Real Estate Prime Development Fund SICAV-FIS

16/04/2008 to 18/08/2015
Director
Paramount Universal Holdings Sdn. Bhd.

21/09/2008 to 29/5/2014
Director
Royal Rajdamri Investment Co. Ltd.

13/08/2009 to 27/03/2016
Director
Paramount Labuan Ltd
Present
25/10/2005 to Present
Director
PSD Singapore Pte. Ltd. (formerly known as Pacific Star Development Pte. Ltd.)

31/01/2012 to Present
Director
Twin Prosperity Group Ltd

31/01/2012 to Present
Director
Tropical Sunrise Development Inc.

28/06/2012 to Present
Director
Pearl Discovery Development Sdn. Bhd.

29/10/2012 to Present
Director
Kanyakorn Pattana Co., Ltd.

01/11/2012 to Present
Director
Kanokkorn Pattana Co., Ltd.

20/05/2013 to Present
Director
Minaret Holdings Limited

24/02/2014 to Present
Director
Pacific Star Development (Thailand) Co., Ltd.

03/03/2015 to Present
Director
Pearl Discovery Property Management Sdn. Bhd.

29/03/2016 to Present
Director
Pacific Star Development Limited (formerly known as LH Group Limited)

25/07/2016 to Present
Director
Pacific Star Development (Malaysia) Sdn. Bhd.

25/07/2016 to Present
Director
Pacific Star Property Sdn. Bhd.

30/07/2010 to Present
Director
PSD Holdings Pte. Ltd.

23/07/2010 to Present
Director
Glaxier City Limited

24/10/2012 to Present
Director
Top Sunny International Enterprise Limited


10/08/2016 to Present
Director
Major Star Holdings Limited

10/08/2016 to Present
Director
Double Blessing 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?
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 a listed company?
Yes
If Yes, Please provide details of prior experience
29/03/2016 to Present
Director
Pacific Star Development Limited (formerly known as LH Group Limited)