Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
POLLUX PROPERTIES LTD.
Securities
POLLUX PROPERTIES LTD. - SG1I77884290 - 5AE
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
07-Dec-2020 20:26:44
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG201207OTHR9OTN
Submitted By (Co./ Ind. Name)
Nico Purnomo Po
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Director.

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Ms. Tay Sim Yee, at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542, telephone (65) 6232 3210.

Additional Details

Date Of Appointment
09/12/2020
Name Of Person
Tan Lye Heng Paul
Age
55
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has reviewed and considered the qualifications, work experience and independence of Mr Tan Lye Heng Paul ("Mr. Paul") and approved his appointment as an Independent Director, Chairman of the Audit Committee and member of the Nominating Committee and Remuneration Committee of the Company.
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 Director, Chairman of the Audit Committee and member of the Nominating Committee and Remuneration Committee of the Company.
Professional qualifications
Master of Business Administration degree, University of Birmingham in United Kingdom
Fellow member of Institute of Singapore Chartered Accountants
Fellow member of Association of Chartered Certified Accountants
Accredited Tax Advisor (Income Tax and GST), Singapore Chartered Tax Professionals
Member of Singapore Institute of Directors
Member of the Institute of Chartered Accountants in England and Wales
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
January 2020 to present: Founder, Kreston Ardent CA Trust PAC
November 2017 to present: Co-Head Business Advisory, In.Corp Global Pte Ltd
2013 to 2019: Managing Director, CA Trust PAC
1995 to 2012: Director, Tan Teo & Partners PAC
June 2011 to present: Independent Director, Serial System Ltd
October 2002 to present: Independent Director, Second Chance Properties 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?
No
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
2007 to 2018: Sin Ghee Huat Corporation Ltd, Independent Director
2007 to 2019: China Sunsine Chemical Holdings Ltd, Independent Director
2013 to 2019: CA TRUST PAC, Managing Director
Present
January 2020 to present: Kreston Ardent CA Trust PAC, Founder
November 2017 to present: In.Corp Global Pte Ltd, Co-Head Business Advisory
June 2011 to present: Serial System Ltd, Independent Director
October 2002 to present: Second Chance Properties Ltd, Independent Director
(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?
Yes
If Yes, Please provide full details
Mr. Paul is an independent director of Serial System Ltd ("Serial System") since June 2011.

It was announced on 28 June 2018 that the Executive Chairman and Group CEO of Serial System had been requested to personally assist in investigations under the Securities and Exchange Act of Taiwan. The investigations had been concluded as announced on 14 April 2020 with no further action being taken on the Executive Chairman and Group CEO of Serial Systems. Mr. Paul is not the subject of the investigation by the Taiwanese authorities.

It was also announced on 13 November 2015 that the Executive Chairman and Group CEO of Serial System had been requested to assist in investigations in his personal capacity concerning Section 197/198 of the Securities and Futures Act, Chapter 289 of Singapore by the Monetary Authority of Singapore ("MAS"). Serial System was not the subject matter of the aforesaid investigations. The review on the Executive Chairman and Group CEO is still ongoing as at the date of announcement. Mr. Paul is not the subject of the investigation by MAS.
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
June 2011 to present: Independent Director, Serial System Ltd, a company listed on the Singapore Stock Exchange
October 2002 to present: Independent Director, Second Chance Properties Ltd, a company listed on the Singapore Stock Exchange