General Announcement::Appointment to Board of Directors and Board Committees

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Apr-2017 18:25:15
Announcement Sub Title
Appointment to Board of Directors and Board Committees
Announcement Reference
Submitted By (Co./ Ind. Name)
Kimberley Lye Chor Mei
Director, Corporate Secretarial
Description (Please provide a detailed description of the event in the box below)
Further to the announcement of Golden Agri-Resources Ltd ("GAR" or the "Company") of 4 April 2017, the Board of Directors of the Company (the "Board") wishes to announce the following:

(1) The appointment of Mr Foo Meng Kee as a Non-Executive Independent Director of the Company effective today; and as a member of each of the Audit Committee, Nominating Committee and Remuneration Committee of the Company effective 1 May 2017; and

(2) The appointment of Mr William Chung Nien Chin as a Non-Executive Independent Director of the Company effective today.

Mr Foo is presently the principal owner of MK Capital Pte Ltd and MK Marine Pte Ltd. Since 2001, he has held various positions in several Singapore listed companies as an independent director. Prior thereto from 1976 to 1998, Mr Foo was with Hitachi Zosen Singapore Limited (now known as Keppel Shipyard Limited) where he led in its listing when he was the Managing Director. Mr Foo holds an MBA from the University of Dubuque, USA; Graduate Diploma in Marketing Management from the Singapore Institute of Management; and Bachelor of Commerce (Honours) from the Nanyang University of Singapore.

Currently, Mr Chung is a Tax Partner of Kemp Chatteris, Chartered Accountants, Mauritius, a position he has held since 2012. Prior to that from 2002 to 2012, he was Tax Partner of Deloitte and Tax Partner of De Chazal du Mee from 1987 to 2002. He is a member of the Institute of Chartered Accountants in England and Wales since 1980.

For the purposes of Rule 704(8) of the listing manual of the Singapore Exchange Securities Trading Limited ("Listing Manual"), Mr Foo is considered independent by the Board.

Details on the above appointments as required under Rule 704(7) of the Listing Manual are set out in separate announcements released today.

By Order of the Board

Rafael Buhay Concepcion, Jr.
25 April 2017