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

Issuer & Securities

Issuer/ Manager
KEONG HONG HOLDINGS LIMITED
Securities
KEONG HONG HOLDINGS LIMITED - SG2D92977651 - 5TT
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
31-Dec-2021 12:34:12
Status
New
Announcement Sub Title
Appointment of Non-Executive Independent Director
Announcement Reference
SG211231OTHRQLYY
Submitted By (Co./ Ind. Name)
Lo Swee Oi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive Independent Director

Additional Details

Date Of Appointment
01/01/2022
Name Of Person
Fong Heng Boo
Age
72
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has reviewed the Nominating Committee's recommendation and assessment, after taking into consideration of Mr Fong's qualifications, skillsets, independence and wealth of experience as a director of various listed companies. The Board is of the view that Mr Fong's professional experience and knowledge will further complement and strengthen the core competencies of the Board.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director, Chairman of the Audit Committee and a member of the Nominating Committee and Remuneration Committee.
Professional qualifications
Bachelor of Accountancy (2nd Class Honours) University of Singapore

Nov 1975 to Aug 2004 - Member, Institute of Singapore Chartered Accountants (formerly known as Institute of Certified Public Accountants Singapore)

Aug 2004 to Dec 2014 - Fellow, Institute of Singapore Chartered Accountants

Apr 1994 to Apr 1999 - Council Member, Institute of Singapore Chartered Accountants (formerly known as Institute of Certified Public Accountants Singapore)
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Dec 2011 to 2014
Director (Special Duties), Singapore Totalisator Board
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?
Yes
Shareholding Details
S$500,000 in principal amount of 6.25 % fixed rate Notes due 19 August 2023
# 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)
1. Colex Holdings Limited
2. Sapphire Corporation Limited
3. Asian American Medical Group Ltd
4. Certis CISCO Securities Pte Ltd
5. Capital Township Development Fund II Pte Ltd
6. Capital Township Development Fund Pte Ltd
7. CapitaLand China Trust Management Limited
Present
1. TA Corporation Ltd *
2. Livingstone Health Holdings Limited *
3. Sheng Ye Capital Limited **
4. Kwan Yong Holdings Limited **
5. Surbana Jurong Pte Ltd
6. Singapore Health Services Pte Ltd
7. Agency for Integrated Care Pte Ltd
8. Bonvest Holdings Limited *
9. UOA Development Berhad ***

* Listed in Singapore
** Listed in Hong Kong
*** Listed in Malaysia
(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
Mr Fong was appointed as a Non-Executive Director of China Foodzart International Private Ltd ( China Foodzart ) on 18 March 2011 and resigned on 25 August 2011. On September 2012, various winding up applications were commenced against China Foodzart on the ground that China Foodzart was unable to pay its debts and it was wound up on 24 September 2013.
(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
Yes
If Yes, Please provide full details
Mr Fong was an employee (General Manager, Corporate Affairs) of Amcol Holdings Ltd between January 1995 and May 1996. He was a prosecution witness in March 1998 in a court case involving 3 directors of Amcol Holdings Ltd and 3 directors were charged for failure to act honestly in their discharge of duties as Directors under Section 157(1) and 157(3) of the Companies Act, Cap 50.
(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?
Yes
If Yes, Please provide details of prior experience
1. Colex Holdings Limited
2. Sapphire Corporation Limited
3. CapitaLand China Trust Management Limited
4. TA Corporation Ltd
5. Livingstone Health Holdings Limited
6. Bonvest Holdings Limited
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
NA