Change - Announcement of Appointment::Appointment of Mr Ong Eng Keong (Wang Rongkang) as Non-Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
HWA HONG CORPORATION LIMITED
Securities
HWA HONG CORPORATION LIMITED - SG1H85877246 - H19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Apr-2022 17:36:03
Status
New
Announcement Sub Title
Appointment of Mr Ong Eng Keong (Wang Rongkang) as Non-Independent and Non-Executive Director
Announcement Reference
SG220425OTHR0J90
Submitted By (Co./ Ind. Name)
Gwendolin Lee Soo Fern
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Ong Eng Keong (Wang Rongkang) as Non-Independent and Non-Executive Director

Additional Details

Date Of Appointment
25/04/2022
Name Of Person
Ong Eng Keong (Wang Rongkang)
Age
44
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
As part of the Company's succession planning, Mr Ong Eng Keong (Wang Rongkang) was appointed as an Alternate Director to his father, Dr Ong Hian Eng on 31 May 2021. The Board, having considered the performance of Mr Ong Eng Keong (Wang Rongkang) as an Alternate Director for the past year, has approved the appointment of Mr Ong Eng Keong (Wang Rongkang) as a Non-Independent and Non-Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Not applicable, the appointment is Non-Executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent and Non-Executive Director
Professional qualifications
BSc Economics (London School of Economics and Political Science)
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 Ong is:
- Nephew of Mr Ong Mui Eng, who is a Non-Independent and Executive Director
- Nephew of Mr Ong Choo Eng, Managing Director of Singapore Warehouse Company (Private) Ltd. ("SWC") and a substantial shareholder
- Nephew of Mr Ong Kwee Eng, Mr Ong Kay Eng and Mr Ong Hoo Eng, who are substantial shareholders
- Cousin of Dr Ong Eng Hui David, who is a Non-Executive Director and a substantial shareholder
- Cousin of Mr Ong Eng Yaw, Director of Singapore Warehouse Company (Private) Ltd. ("SWC") and a substantial shareholder
- Cousin of Mr Ong Eng Loke, Senior Vice President, Fund Management of Hwa Hong Edible Oil Industries Pte. Ltd., alternate Director to Mr Ong Mui Eng and a substantial shareholder
- Cousin of Ms Ong Bee Leem who is a substantial shareholder
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Lumiq Pte Ltd - Project Manager : Nov 2020 - now
Geko Life Pte Ltd - Director/CEO : Dec 2019 - now
Bondlinc Pte Ltd - CEO : Jan 2017 - May 2019
Jefferies Singapore Limited - MD, Credit Trading : Mar 2010 - Aug 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?
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:
- Bondlinc Private Limited
- Geko Life Pte Ltd

Other Principal Commitments:
- Jefferies Singapore Limited
- Lumiq Pte Ltd
Present
Directorships:
- Fica (Pte) Ltd
- Future Vision Pte Ltd
(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?
Yes
If Yes, Please provide full details
2 Year prohibition order issued to Mr Ong on 9th May 2019, which has since ended 9th May 2021, under Section 201(b) of
the Securities and Futures Act (Cap 289) . During that period, Mr Ong was prohibited from performing any
regulated activity under the Securities and Futures Act (SFA) and providing any financial advisory service
under the Financial Advisers Act (FAA). In addition, he was also prohibited from taking part in the
management, acting as a director or becoming a substantial shareholder of any capital market services firm
under the SFA and any financial advisory firm under the FAA [1] .
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
Mr Ong had on 21 October 2021 completed his LED (Listed Entity Director) programme organised by the Singapore Institute of Directors.