Change - Announcement of Appointment::Appointment as Alternate Director

Issuer & Securities

Issuer/ Manager
HEATEC JIETONG HOLDINGS LTD.
Securities
HEATEC JIETONG HOLDINGS LTD. - SG1Y31945526 - 5OR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Aug-2024 18:33:27
Status
New
Announcement Sub Title
Appointment as Alternate Director
Announcement Reference
SG240801OTHRK7IZ
Submitted By (Co./ Ind. Name)
Soon Jeffrey
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Loke Chern Wei, James ("Mr. Loke") as Alternate Director to Mr. Lim Soon Hock.

This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST 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. Pong Chen Yih, Chief Operating Officer, 7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987, telephone (65) 6950 2188.

Additional Details

Date Of Appointment
01/09/2024
Name Of Person
Loke Chern Wei, James
Age
47
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, having reviewed the professional qualification, educational background and working experience of Mr. Loke, is of the view that Mr. Loke has the requisite experience and capabilities to assume the duties and responsibilities of an Alternate Director to Mr. Lim Soon Hock with effect from 1 September 2024.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Alternate Director to Mr. Lim Soon Hock
Professional qualifications
University College London - Bachelor of Engineering
Curtin University - Bachelor of Commerce - Marketing and Management
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. Loke is the Chief Executive Officer of Tru-Marine Pte. Ltd. ("Tru-Marine") and the son of Mr. Loke Weng Seng, a shareholder and Group Executive Chairman of Tru-Marine, which is a substantial shareholder of the Company holding direct interests in 32,030,678 shares, representing 15.64% of the issued share capital of the Company.
Conflict of interests (including any competing business)
Tru-Marine operates in the same general industry as the Company and its subsidiaries (the "Group"). However, Tru-Marine is not a competitor of the Group as it provides different products and services as compared to the Group. Should any conflict of interest arise of which Mr. Loke is reasonably aware in respect of himself and/or Mr. Lim Soon Hock, Mr. Loke will make such conflict known to the Board as soon as he is reasonably aware so that he may recuse himself from such related discussions and/or decisions and resolutions as most appropriate.

In addition, any future transactions between the Group and any company where Mr. Loke and/or Mr. Lim Soon Hock is a director of or has substantial interest in will be done on an arms-length basis, normal commercial terms and not prejudicial to the interests of the Company and its minority shareholders.

In view of the foregoing, the Nominating Committee and the Board are satisfied with the appointment of Mr. Loke as an Alternate Director to Mr. Lim Soon Hock.
Working experience and occupation(s) during the past 10 years
July 2021 to Present: Group Chief Executive Officer of Tru-Marine Pte. Ltd.
July 2016 to June 2021: Deputy General Manager of Tru-Marine Pte. Ltd.
February 2010 to June 2016: Sales General Manager of Tru-Marine Pte. Ltd.
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)
WFDP Pte. Ltd.
Present
1. Pmax One Technologies Pte Ltd
2. Tru-Marine Pte. Ltd.
3. Tru-Marine Technologies Pte Ltd
4. Tru-Marine Machinery & Engineering Guangzhou Co., Ltd.
5. Tru-Marine Cosco (Tianjin) Engineering Co., Ltd.
6. Trumarine (M) 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 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
Mr. Loke will be attending the mandatory training course conducted by the Singapore Institute of Directors within one year from the date of his appointment to familiarise himself with the roles and responsibilities of a director of a listed company.