Change - Announcement of Appointment::APPOINTMENT OF KEY EXECUTIVE

Issuer & Securities

Issuer/ Manager
PS GROUP HOLDINGS LTD.
Securities
PS GROUP HOLDINGS LTD. - SG2F90994508 - 5WD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Feb-2015 18:19:05
Status
New
Announcement Sub Title
APPOINTMENT OF KEY EXECUTIVE
Announcement Reference
SG150226OTHRZEJ1
Submitted By (Co./ Ind. Name)
Teo Choon Hock
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, United Overseas Bank Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently 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 correctness of any of the statements or opinions made or reports contained in this announcement.

The contact persons for the Sponsor are Mr Khong Choun Mun, Managing Director, Corporate Finance and Mr David Tham, Senior Director, Corporate Finance, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, Telephone: +65 6533 9898.

Additional Details

Date Of Appointment
26/02/2015
Name Of Person
Lim Kwang Seng Edwin ("Mr Edwin Lim")
Age
50
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board is satisfied that Mr Edwin Lim possesses the requisite qualifications, work experience and competencies for his appointment as Managing Director of PS Components Pte. Ltd. ("PSC"), a 90.0%-owned subsidiary of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive.

Mr Edwin Lim will be responsible for the operations and business development of PSC.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director of PSC
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)
Mr Edwin Lim is the Managing Director/Owner of Cima Marketing & Procurement ("CMP"), a sole proprietorship, and Cima Marketing Pte. Ltd. ("CMPL"), which are engaged in the trading of industrial fasteners. Mr Edwin Lim has undertaken to cease the business and operations of CMP and CMPL with immediate effect and to procure the termination of CMP and winding up of CMPL immediately after the settlement of existing outstanding receivables from and payables due to CMP and CMPL.

In addition, the employment contract that Mr Edwin Lim has entered into with PSC provides that he may not, without the prior written consent of PSC, engage, whether directly or indirectly, in any business or employment outside his hours of work for PSC.
Working experience and occupation(s) during the past 10 years
Aug 2003 to Mar 2005 - PT AJBS Swalayan (Sales and Sourcing Consultant- Indonesia)
Apr 2005 to Jul 2014 - Cima Marketing & Procurement (Sole proprietorship)
Jul 2014 to present - Cima Marketing Pte. Ltd. (Managing Director/Owner)
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Yes. 50,000 ordinary shares in PSC, representing a 10.0% equity interest.
# 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)
Galent Fastech Sdn Bhd
Present
Cima Marketing Pte. Ltd.
PS Components 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?
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
N/A