Change - Announcement of Appointment::APPOINTMENT OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
CFM HOLDINGS LIMITED
Securities
CFM HOLDINGS LIMITED - SG1P02915996 - 5EB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-Oct-2014 17:19:06
Status
New
Announcement Sub Title
APPOINTMENT OF EXECUTIVE DIRECTOR
Announcement Reference
SG141031OTHRNMGB
Submitted By (Co./ Ind. Name)
YOO LOO PING
Designation
COMPANY SECRETARY
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 the Company's sponsor, Asian Corporate Advisors Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "Exchange"). The Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Liau H.K.
Telephone number: 6221 0271

Additional Details

Date Of Appointment
01/11/2014
Name Of Person
Kenneth Ip Yew Wa
Age
31
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee ("NC"), after reviewing Mr Kenneth Ip Yew Wa's qualification and working experience, has recommended the appointment of Mr Kenneth Ip Yew Wa as an Executive Director of the Company. The NC has also noted that Mr Kenneth Ip Yew Wa has been the general manager of Hantong Metal Component (Penang) Sdn Bhd since 8 July 2013. The Board has accepted the recommendation of the NC and approved the appointment of Mr Kenneth Yip Yew Wa as an Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. He is responsible for business strategic matters of CFM Group and its affiliate organizations. He will report to and work closely with the Executive Chairman and Group Chief Executive Officer. In addition, he will partner with the senior leadership and the board of directors to develop and implement strategies across the organization.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son of both Mr Ip Kwok Wing (Executive Chairman and substantial shareholder of the Company) and Ms Janet Lim Fong Li (Executive Director and CEO and substantial shareholder of the Company).
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
Kenneth is currently the general manager of Hantong Metal Component (Penang) Sdn. Bhd. Kenneth has worked in various corporations as a marketing executive and tooling designer prior to joining CFM Holdings Limited as a Business Development Manager on 1 January 2009. Previously, he was a tooling designer at Univac from June to December 2009, a marketing executive at Ubelco from June 2005 to May 2006 and a marketing executive at Fileco Singapore from June 2002 to March 2003.
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
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?
Yes
If Yes, Please provide full details
Kenneth Ip Yew Wa has been appointed as the General Manager of Hantong Metal Component (Penang) Sdn. Bhd. with effect from 8 July 2013. As announced by the Company on 4 July 2013, 10 February 2014 and 26 August 2014, there is an on-going litigation for Hantong Metal Component (Penang) Sdn. Bhd. involving a claim by Showa International (HK) Co. Ltd.
(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?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Mr Kenneth Ip Yew Wa has attended a training with the Singapore Institute of Directors on 6 March 2013 and topic was on "LCD Module 1- Listed Company Director Essentials Understanding the Regulatory Environment in Singapore: What Every Director Ought to Know". The Company will further arrange training for Mr Kenneth Ip Yew Wa.