Change - Announcement of Appointment::Appointment of Independent Non-Executive director

Issuer & Securities

Issuer/ Manager
DARCO WATER TECHNOLOGIES LIMITED
Securities
DARCO WATER TECHNOLOGIES LTD - SG1CC9000009 - BLR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-Jul-2023 12:06:26
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive director
Announcement Reference
SG230718OTHRF9EW
Submitted By (Co./ Ind. Name)
Dr. Zhang Zhenpeng
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Non-Executive director

Additional Details

Date Of Appointment
18/07/2023
Name Of Person
Lai Hock Meng
Age
67
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors having considered the qualifications of Mr. Lai Hock Meng, is of the view that he has the requisite experience and capabilities to assume the responsibilities as an Independent Director of the Company and a member of the Audit Committee, Nominating Committee and Remuneration Committee.

Accordingly, the Board of Directors has approved the appointment of Mr. Lai Hock Meng as an Independent Director of the Company and a member of the Audit Committee, Nominating Committee and Remuneration 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 of the Company and a member of the Audit Committee, Nominating Committee and Remuneration Committee.
Professional qualifications
BA (Honours) in Economics, Cambridge University, UK
Chartered Financial Analyst, CFA Institute, USA
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
HML Consulting Group Pte Ltd, Singapore / Chairman (October 2007 - July 2016) (June 2017 - Present)

Success Dragon International Holdings Ltd / CEO & Executive Director (July 2007 - October 2015)

EC World Asset Management Pte Ltd / CEO & Executive Director (May 2015 - May 2017)

PureCircle (Jiangxi) Co., Ltd, Jiangxi, China / Chairman & Legal Representative (May 2017 - May 2020)

Riverside Asia Partners Pte Ltd / Executive Director (November 2017 - February 2020)

PureCircle Ltd / CEO / Executive Director (February 2020 - July 2020)
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)
Directorships
Delong Holdings Ltd (SGX)
PureCircle Ltd (LSE)
PureCircle (Jiangxi) Co., Ltd.
Dragon Group International Ltd (SGX)
Riverside Asia Partners Pte Ltd
Riverside Asia Pacific Fund II Pte Ltd
DCM Asia Pte Ltd
Transcorp Holdings Ltd (SGX)
SB Global Ventures Pte Ltd
Stamford Raffles Consultants Pte Ltd
Global Wellness Group Pte Ltd
Quanshan Capital Management Pte Ltd
Quanshan Investment & Development (Singapore) Pte Ltd
Quanshan Tourism Development Pte Ltd
PureCircle (Shanghai) Co., Ltd.
Tee International Ltd
Champ Singapore HoldCo Pte Ltd
Champ Buyout III Pte Ltd
Universal Joy Pte Ltd
Huanghe Holdings Pte Ltd
Amaara Healthtec Pte Ltd
Debao Property Development Ltd (SGX)
Wellbeing Healthtech Pte Ltd

Principal Commitments
Independent non-executive director on the board of listed and private investment companies. Consultant on corporate investment and business strategy.
Present
Directorships
Char Yong (Dabu) Foundation Ltd
HML Consulting Group Pte Ltd
Playhood Pte Ltd
PT Dexin Steel Indonesia
Cosmic Capital Ltd
Blue Ocean Capital Partners Pte Ltd
PICADS Sdn Bhd
Champ Private Equity Pte Ltd
CPEC 8 Holdings Pte Ltd
HML Acquisitions Pte Ltd
PureCircle Ltd
Casa Holdings Ltd (SGX)
Fantastic Modern Sdn Bhd
Genius Chamber Sdn Bhd
Casa Property Development Sdn Bhd

Principal Commitments
Independent non-executive director on the board of listed and private investment companies. Consultant on corporate investment and business strategy.
(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
Yes
If Yes, Please provide full details
(See Annex A for detail)
(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?
Yes
If Yes, Please provide full details
(See Annex B for detail)
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Delong Holdings Ltd
Koh Brothers Eco Engineering Ltd
China Energy Ltd
China Essence Group Ltd
Accrelist Ltd
Livingstone Health Holdings Ltd
ASTI Holdings Ltd
Express Holdings Ltd
Transcorp Holdings Ltd
Dragon Group International Ltd
Tee International Ltd
CFM Holdings Ltd
EC World Asset Management Pte Ltd
Debao Property Development Ltd
Casa Holdings Ltd

Attachments

Annex_A-Question_j_and_i.pdf
Annex_B-Question_k.pdf
Total size =990K