Change - Announcement of Appointment::Announcement of Promotion of Mr Ng Kian Teck to Chief Logistics Officer

Issuer & Securities

Issuer/ Manager
CHALLENGER TECHNOLOGIES LIMITED
Securities
CHALLENGER TECHNOLOGIES LTD - SG1O97915910 - 573
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Oct-2020 17:46:48
Status
New
Announcement Sub Title
Announcement of Promotion of Mr Ng Kian Teck to Chief Logistics Officer
Announcement Reference
SG201030OTHRARMU
Submitted By (Co./ Ind. Name)
Chia Foon Yeow
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Promotion of Mr Ng Kian Teck from Senior Director (Special Projects) to Chief Logistics Officer

Additional Details

Date Of Appointment
01/11/2020
Name Of Person
Ng Kian Teck
Age
52
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Ng Kian Teck has been with Challenger Technologies Limited (the "Company") since 1996 and is presently the Senior Director (Special Projects). In view of the strengthening of the Company's key management team, the Board would like to promote him to be the Chief Logistics Officer with effect from 1 November 2020. The Remuneration Committee has reviewed his salary adjustment in view of his appointment.
Whether appointment is executive, and if so, the area of responsibility
Executive. He will be responsible for the logistics operations of the Group and will relinquish his existing portfolios.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Logistics Officer
Professional qualifications
Bachelor of Science in Business Administration from the California State University, Los Angeles
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
He is the brother of Mr Ng Leong Hai, substantial shareholder of the Company.
Conflict of interests (including any competing business)
Nil.
Working experience and occupation(s) during the past 10 years
May 2011 to April 2013
Challenger Technologies Limited
Executive Director

May 2013 to January 2015
Challenger Technologies Limited
General Manager of Merchandising and Inventory

February 2015 to June 2017
Challenger Technologies Limited
General Manager of Operations

July 2017 to Present
Challenger Technologies Limited
Senior Director (Special Projects)
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
Direct interest in 1,200,000 ordinary shares of the Company and indirect interest in 157,500 ordinary shares of the Company.
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)
Not applicable.
Present
Not applicable.
(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
Disclosure applicable to the appointment of Director only.
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
Not applicable.