Change - Announcement of Appointment::Appointment of Independent Director - Kwok Meei Ying Monica

Issuer & Securities

Issuer/ Manager
FULL APEX (HOLDINGS) LIMITED
Securities
FULL APEX (HOLDINGS) LIMITED - BMG3687W1148 - BTY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
06-Sep-2021 22:39:53
Status
New
Announcement Sub Title
Appointment of Independent Director - Kwok Meei Ying Monica
Announcement Reference
SG210906OTHRH42I
Submitted By (Co./ Ind. Name)
Guan Lingxiang
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Ms Kwok Meei Ying Monica as Independent Director.

Additional Details

Date Of Appointment
15/09/2021
Name Of Person
Kwok Meei Ying Monica
Age
48
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board, having considered the recommendation of the Nominating Committee, and having assessed the experience of Ms Kwok Meei Ying Monica ("Ms Monica Kwok"), in particular her working experiences on listed companies, is of the view that Ms Monica Kwok has the requisite experience and capabilities to assume the duties and role of an Independent Director of the Company and contribute effectively to the Company.

Upon the appointment of Ms Monica Kwok as an Independent Director of the Company, Ms Monica Kwok will be appointed as a Chairman of Compensation Committee and Nominating Committee as well as a member of the Audit Committee.
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 Compensation Committee and Nominating Committee, Member of the Audit Committee
Professional qualifications
Master of Business Administration
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
Ms Monica Kwok is the Managing Director and sole shareholder of AVI Advisors Pte. Ltd., a company providing corporate and secretarial functions including investor relations, compliance and Group human resource management. Ms Monica Kwok was appointed as the Company Secretary of the Company on 7 June 2021. She has tendered her resignation as Company Secretary with effect from 14 September 2021.

Notwithstanding the above, Ms Monica Kwok is considered independent for purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST") as the Nominating Committee and the Board has considered the following:

(a) there was no fees paid and/or payable to Ms Monica Kwok and/or AVI Advisors Pte. Ltd. for corporate secretarial services for the appointment of Ms Monica Kwok as Company Secretary.
(b) the total ad-hoc services paid and/or payable by the Company to AVI Advisors Pte. Ltd. for the financial year ended 31 December 2020 and current financial year did not exceed S$200,000 in any financial year which is consistent with Practice Guidance 2 of the 2018 Code of Corporate Governance.

Save for the above mentioned, the Group does not have any contracts or business relationship with Ms Monica Kwok or her immediate family members.

Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Ms Monica Kwok is a Co-Founder and Managing Director of AVI Advisors Pte. Ltd. She is a registered Corporate Service Provider under the Accounting and Corporate Regulatory Authority. Currently, she is a Company Secretary of a public listed company. She has extensive experience working on companies listed on SGX-ST since 2007 and possesses professional experience in the corporate secretarial practice and compliance advisory practice involving public listed, private and local companies as well as variable capital companies. She is in charge of the full spectrum of secretarial and corporate functions including investor relations, fundraising, merger and acquisitions, company restructuring, organising Scheme of Arrangements, liquidation and striking off, statutory and regulatory compliance, and Group human resource management.

Prior to this, she was the Managing Director of Singapore-based Money World Group, a leading foreign exchange player for about 12 years.
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)
Assetera Fintech Pte. Ltd (fka Ascendenz Consulting Pte. Ltd.)
Asiapac Recycling Pte. Ltd.
Asiapac Metals Pte. Ltd.
Apzenith Capital Pte. Ltd.
Asia Copper Pte. Ltd.
Present
AVI Advisors Pte. Ltd.
Raffles Financial Asset Management 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?
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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Notwithstanding Ms Monica Kwok's extensive experiences SGX-listed companies, the Company will make the arrangement for Ms Monica Kwok to attend the relevant SID seminar(s) and/or course(s) on the roles and responsibilities of a director of an SGX-listed company.