Change - Announcement of Appointment::Announcement of Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
SINCAP GROUP LIMITED
Securities
SINCAP GROUP LIMITED - SG2F03983689 - 5UN
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
14-Nov-2016 19:03:31
Status
New
Announcement Sub Title
Announcement of Appointment of Independent Director
Announcement Reference
SG161114OTHRHDO6
Submitted By (Co./ Ind. Name)
Chu Ming Kin
Designation
Chairman & Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

The Sponsor has not verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone +65 6229 8088.

Additional Details

Date Of Appointment
14/11/2016
Name Of Person
Lim Jin Wei
Age
41
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Upon the recommendation of the Nominating Committee, which has reviewed the qualifications, experience and skills of Mr. Lim Jin Wei ("Mr. Lim"), the Board of Directors has approved the appointment of Mr. Lim as an Independent Director of the Company.

The Board considers Mr. Lim to be independent for the purposes of Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited.
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 and Risk Committee and member of Nominating Committee and Remuneration Committee
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
Mr. Lim joined Choon Hua Trading Corporation Sdn Bhd (Choon Hua) in January 2007 as its General Manager to spearhead various additions and improvement to the company's infrastructure and business of importing and distribution of frozen foods and fast-moving consumer goods (FMCG) in East Malaysia. He is subsequently appointed as a director of Choon Hua and is currently its Managing Director. He started his career as auditor with Deloitte & Touche, Singapore in 1998 and became Audit Manager in 2004. During his career as auditor, he managed financial audit of multinationals and local companies in several industries including computers & electronics, shipping, manufacturing, construction, foods and beverages as well as trading and distribution. He also has experiences as Independent Auditor for Initial Public Offerings of PRC Companies in Singapore including on-site due diligence. Mr. Lim left Deloitte & Touche in 2006 to join Choon Hua.

Mr. Lim was the CFO of Regal International Holdings Pte Ltd since May 2013 and was involved in its Reverse Take Over (RTO) exercise. Upon completion of the RTO, he remains as the CFO of its property division until February 2015. He oversees the finance function of the property division with the assistance of the Chief Accountant. Some of his key roles and responsibilities include contributing financial and accounting information, analysis and making recommendations towards strategic thinking and direction of the property division; monitoring performance by measuring and analysing financial results; ensuring sufficient capital and financial resources for the continuation of business operations. He also developed action plans for capital accumulation to fund expansions, ensured financial records were properly maintained for audit purposes, and ensure the timely completion of audit for statutory financial reporting and filing.
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)
Nil
Present
Epicentre Holdings Limited
Epicentre Solutions Pte Ltd
Choon Hua Trading Corporation Sdn Bhd
Choon Hua Trading Corporation (Sarawak) Sdn Bhd
Choon Hua Food Products Sdn Bhd
Choon Hua Borneo Sdn Bhd
Choon Hua Cold Storage Sdn Bhd
Yu-Juko Sdn Bhd
CH Capital Group Sdn Bhd
(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
Mr. Lim was appointed as Independent Director of Epicentre Holdings Limited on 12 July 2016. He is currently the Chairman of its Audit & Risk Committee and a member of its Nominating and Remuneration Committees