Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
UMS HOLDINGS LIMITED
Securities
UMS HOLDINGS LIMITED - SG1J94892465 - 558
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
06-May-2024 17:31:38
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG240506OTHR6CX7
Submitted By (Co./ Ind. Name)
Luong Andy
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Chua Siong Kiat ("Mr Chua") as an Independent Director of the Company with effect from 6 May 2024.

Additional Details

Date Of Appointment
06/05/2024
Name Of Person
Chua Siong Kiat
Age
52
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 recommendation of the Audit Committee and Nominating Committee and assessed Mr Chua's qualifications and experience, approved the appointment of Mr Chua as an Independent Director of the Company, Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees.

The Board considers Mr Chua to be independent for the purpose of Rule 704(8) of the Listing Manual of the SGX-ST.
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, Chairman of Audit Committee and a member of the Nominating Committee and Remuneration Committee.
Professional qualifications
- Master of Business Administration and Diploma of the Imperial College in Management (MBA, DIC) from Imperial College London Business School, University of London
- Fellow Member of Association of Chartered Certified Accountants (FCCA)
- Certified Internal Auditor (CIA), Institute of Internal Auditors
- Chartered Accountant of Singapore (CA Singapore)
- Chartered Valuer and Appraiser (CVA)
- Senior Accredited Director conferred by Singapore Institute of Directors (SID)
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
- April 2023 to Present:
Chief Financial Officer, Memiontec Holdings Limited ("Memiontec")

- November 2015 to Present:
Director of Lighthouse Business Consulting Pte Ltd

- October 2021 to January 2023:
Group Chief Financial Officer, TEE International Limited ("TEE")

- August 2020 to September 2021:
Chief Financial Officer, Wai Fong Construction Pte Ltd

- July 2017 to January 2018:
Appointed Chief Financial Officer (Global Hospitality Trust Project), Amare Investment Management Group Pte Ltd

- March 2016 to July 2017:
Executive Director and Head of Non-Property Business (February 2017 to July 2017), Alternate Director (March 2016 to February 2017) and Interim Group Chief Operating Officer (July 2016 to February 2017), Pacific Star Development Limited (formerly known as LH Group Limited) ("PSDL")

- July 2013 to September 2015:
Executive Director (Appointed in November 2013) and Chief Financial Officer of Libra Group Limited
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)
-China Yuanbang Property Holdings Limited

-Nutryfarm International Limited

-JES International Holdings Limited

-Axington Inc. ("Axington")

-Kitchen Culture Holdings Limited

-China Star Food Group Limited (currently known as Zixin Group Holdings Limited)

-National Arthritis Foundation

-TEE Infrastructure Pte Ltd

-Trans Equatorial Engineering Pte Ltd ("Trans Equatorial")

-Omni Sharing Pte. Ltd.
Present
-Heatec Jietong Holdings Limited
-VCI Global Limited
-New Silkroutes Group Limited ("NSG")
-Lighthouse Business Consulting Pte Ltd
-Starwork Vision Pte. Ltd.
-Robotic Vision Inc. Pte. Ltd.
-MIT Investment Pte. Ltd. (a wholly owned subsidiary of Memiontec)
-Chief Financial Officer of Memiontec
(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?
Yes
If Yes, Please provide full details
Please refer to the attached Appendix A.
(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
Please refer to the attached Appendix B.
(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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
-Non-Executive Independent Director of Heatec Jietong Holdings Limited
-Non-Executive Independent Director of New Silkroutes Group Limited
-Non-Executive Lead Independent Director of Ever Glory United Holdings Ltd.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
N.A.

Attachments

Appendix A.pdf
Appendix B.pdf
Total size =170K