Change - Announcement of Appointment::APPOINTMENT OF CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
GP INDUSTRIES LIMITED
Securities
GP INDUSTRIES LIMITED - SG1C12012995 - G20
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Feb-2016 19:50:11
Status
New
Announcement Sub Title
APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Announcement Reference
SG160203OTHRBG7P
Submitted By (Co./ Ind. Name)
Kelly Kiar Lee Noi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Victor Lo Chung Wing as Chief Executive Officer of the Company with effect from 3 February 2016.

Additional Details

Date Of Appointment
03/02/2016
Name Of Person
Victor Lo Chung Wing
Age
65
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Lo is currently an Executive Director and Chairman of the Company. In addition, Mr Lo is also the Chairman and Chief Executive of Gold Peak Industries (Holdings) Limited, the Company's holding company, as well as the Chairman and Chief Executive Officer of GP Batteries International Limited, a principal subsidiary of the Company. The Board approved his appointment as the Chief Executive Officer of the Company, in addition to his current appointment as an Executive Director and Chairman of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. He is responsible for the daily running of the Company's business, in addition to his existing responsibility of the overall functioning of the Board.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman and Chief Executive Officer, and a member of the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Mr Lo joined Gold Peak Group in 1972 and has been appointed the Chairman and Chief Executive of Gold Peak Industries (Holdings) Limited, Hong Kong since 1990. He has also been an Executive Director and the Chairman of the Company since 1995, and the Chairman and Chief Executive Officer of GP Batteries International Limited since 2014.

Mr Lo is chairman of the board of directors of Hong Kong Design Centre. He was appointed a non-official member of the Advisory Committee on Innovation and Technology as well as the Economic Development Commission of the Hong Kong Special Administrative Region and is also the convenor of its Working Group on Manufacturing Industries, Innovative Technology, and Cultural and Creative Industries. He is a member of the board of the West Kowloon Cultural District Authority in Hong Kong, and chairman of its Museum Committee. In addition, he is a director of PMQ Management Company Ltd and the chairman of board of directors of The Hotel ICON Limited, the teaching and research hotel under The Hong Kong Polytechnic University.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Lo is holding 300,000 shares in the Company and has a deemed interest in 414,098,443 issued shares of the Company, which arises pursuant to his aggregate direct and deemed interests in the issued shares of Gold Peak Industries (Holdings) Limited ("Gold Peak") of approximately 29.68%, and Gold Peak's direct interest in 414,098,443 issued shares of 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)
Please refer to the attached list of directorships.
Present
Please refer to the attached list of directorships.
(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
Among other prior experience as a director of a listed company, Mr Lo has been an executive director of the Company since it was listed in 1995.

Attachments

VL-List_of_Directorships.pdf
Total size =9K