Change - Announcement of Appointment::Appointment of Non-Executive Non-Independent Director and Deputy Chairman

Issuer & Securities

Issuer/ Manager
CSE GLOBAL LIMITED
Securities
CSE GLOBAL LTD - SG1G47869290 - 544
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-May-2018 17:33:51
Status
New
Announcement Sub Title
Appointment of Non-Executive Non-Independent Director and Deputy Chairman
Announcement Reference
SG180502OTHRVI53
Submitted By (Co./ Ind. Name)
Lai Kuan Loong, Victor
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive Non-Independent Director and Deputy Chairman

Additional Details

Date Of Appointment
02/05/2018
Name Of Person
Dato' Dr. Ir. Mohd Abdul Karim Bin Abdullah
Age
52
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Dato' Karim is the Group Managing Director and Group Chief Executive Officer of Serba Dinamik Holdings Berhad ("Serba"), a substantial shareholder of CSE Global Limited (the "Company"). Serba has requested for two board seats in the Company.

After reviewing the recommendations of the Code of Corporate Governance 2012 and the Nominating Committee as well as Dato' Karim's experience and credentials, the Board approved his appointment as Non-Executive Non-Independent Director and Deputy Chairman.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive Non-Independent Director and Deputy Chairman
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Non-Independent Director and Deputy Chairman
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Group Managing Director and Group Chief Executive Officer, Serba Dinamik Holdings Berhad
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
Serba Dinamik International Ltd. ("SDIL"), a wholly-owned subsidiary of Serba Dinamik Holdings Berhad ("SDHB"), holds 128,166,250 ordinary shares in CSE Global Limited ("CSE Shares"). SDHB is therefore deemed to be interested in the 128,166,250 CSE Shares held by SDIL.

As Dato' Karim is entitled to control not less than 20% of the issued ordinary shares in SDHB, Dato' Karim is deemed to have an interest in the CSE Shares in which SDHB has an interest, pursuant to Section 4 of the Securities and Futures Act.

In addition, Dato' Karim is also deemed to be interested in 2,000,000 CSE shares held by RHB Securities Singapore Pte Ltd.
# 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)
Nil
Present
Refer to attached Appendix I
(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
Group Managing Director and Group Chief Executive Officer of Serba Dinamik Holdings Berhad.

Attachments

Appendix I - Dato.pdf
Total size =20K