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

Issuer & Securities

Issuer/ Manager
CENTURION CORPORATION LIMITED
Securities
CENTURION CORPORATION LIMITED - SG2D51973063 - OU8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
27-Dec-2023 17:20:48
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG231227OTHR0VGQ
Submitted By (Co./ Ind. Name)
Kong Chee Min
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Chan Wan Hong as an Independent Non-Executive Director and a member of the Remuneration Committee.

Additional Details

Date Of Appointment
01/01/2024
Name Of Person
Chan Wan Hong
Age
50
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 of the Company (the "Board"), having considered the recommendation of the Nominating Committee and independence of Mr Chan Wan Hong ("Mr Chan") and assessed the qualifications, expertise, experience and suitability of Mr Chan, approved the appointment of Mr Chan as Independent Non-Executive Director of the Company, as part of Board renewal process. The Board is of the view that Mr Chan's appointment as Director will strengthen the Board's capability and contribute towards the core competencies, skills and diversity of the present Board.

Mr Chan is also appointed a member of the Remuneration Committee.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive and Independent.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director and a member of the Remuneration Committee.
Professional qualifications
National University of Singapore, Bachelor of Laws (Honours)

Advocate & Solicitor, Singapore

Member, Law Society of Singapore

Member, Singapore Academy of Law
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 Chan has been providing legal services to the Company for various corporate legal matters since 2010, in his capacity as a partner of different law firms that he has been practising at during such period. For each of the last 3 years including 2023, the aggregate fees billed in respect of such legal services provided to the Company are significantly less than S$200,000 per year.

Mr Chan is presently a Senior Director of FC Legal Asia LLC, which has provided legal services to the Company. Mr Chan confirmed that he is joining the Board in his personal capacity and not as a representative of FC Legal Asia LLC.

After assessment, the Nominating Committee has determined that the above relationship will not interfere with Mr Chan's exercise of his independent business judgement in the best interests of the Company. The Board concurred with the Nominating Committee's view and considers Mr Chan to be independent.
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
August 2022 to present:
Senior Director, FC Legal Asia LLC

August 2019 to July 2022:
Director, Atlas Asia Law Corporation (independent member firm of the EY global network)

July 2011 to July 2019:
Partner / Senior Partner, Dentons Rodyk & Davidson LLP (formerly Rodyk & Davidson LLP)
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)
Director, Atlas Asia Law Corporation

Partner, Ernst & Young Solutions LLP
Present
Senior Director, FC Legal Asia LLC
(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
The Company will arrange for Mr Chan to attend relevant training on the roles and responsibilities of a director of a company listed on the Exchange, as prescribed by the Exchange.