Change - Announcement of Appointment::APPOINTMENT OF DEPUTY MANAGING DIRECTOR - MR CHENG HSHENG

Issuer & Securities

Issuer/ Manager
VICPLAS INTERNATIONAL LTD
Securities
VICPLAS INTERNATIONAL LTD - SG1G57870584 - 569
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Oct-2024 17:48:26
Status
New
Announcement Sub Title
APPOINTMENT OF DEPUTY MANAGING DIRECTOR - MR CHENG HSHENG
Announcement Reference
SG241001OTHRPPR3
Submitted By (Co./ Ind. Name)
Walter Tarca
Designation
Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Deputy Managing Director of Pipes and Pipe Fittings Segment.

Additional Details

Date Of Appointment
01/10/2024
Name Of Person
Cheng Hsheng @Zhong Zixian
Age
47
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 appointment is part of the succession plan of Vicplas International Ltd ("Vicplas", and together with its subsidiaries, the "Vicplas Group") that is focused on developing leaders who can contribute to making Vicplas a strong and successful company for all its stakeholders.

Mr Cheng Hsheng has been Vicplas Group Operations Director since 2016 and has been with Vicplas in various positions of increasing responsibility since he joined in 2001. He has demonstrated outstanding leadership over many years in the development of both the Pipes and Pipe Fittings segment as well as at the Vicplas Group level. He will continue to work under the leadership of Mr Cheng Liang, the Managing Director of the Pipes and Pipe Fittings segment. Mr Cheng Hsheng is designated to succeed Mr Cheng Liang in due course. He will also continue as Group Operations Director.

Based on his leadership as mentioned above, the Nominating Committee has recommended and the Board has approved Mr Cheng Hsheng's appointment as Deputy Managing Director, Pipes and Pipe Fittings segment and as eventual successor to Mr Cheng Liang.
Whether appointment is executive, and if so, the area of responsibility
Executive and responsible as Deputy Managing Director for the overall management of Pipes and Pipe Fittings segment of the Vicplas Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Deputy Managing Director, Pipes and Pipe Fittings segment.
Professional qualifications
Nil.
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
Mr Cheng Hsheng is the son of Mr Cheng Liang, the Managing Director of Pipes and Pipe Fittings segment of the Group.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
Mr Cheng Hsheng began his career with the Vicplas Group under the Pipes and Pipe Fittings segment in 2001 as an Engineer and hold roles of increasing responsibilities in various functions such as Production, Operations and Business Development. He was the Business Operations Director for Pipes and Pipe Fittings segment of Vicplas Group since August 2012 and was appointed as an Acting Group Operations Director in April 2015 and subsequently assumed the permanent role as Group Operations Director since April 2016.
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
Shareholding in Vicplas:
Direct interest - 530,000 shares
Direct interest - 2,000,000 options
Deemed interest - 720,000 shares
# 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
Nil
(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 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, as the appointment relates to Deputy Managing Director of Pipes and Pipe Fittings Segment.