General Announcement::Appointment of Deputy GMD/Formation of Board Committees/Reconstitution of NC

Issuer & Securities

Issuer/ Manager
QAF LIMITED
Securities
QAF LTD - SG1A49000759 - Q01
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
15-Sep-2014 17:13:26
Status
New
Announcement Sub Title
Appointment of Deputy GMD/Formation of Board Committees/Reconstitution of NC
Announcement Reference
SG140915OTHRQ5J3
Submitted By (Co./ Ind. Name)
Lee Woan Ling
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)

The Company is poised to enter a new era to undertake increased growth and expansion of the Group's business activities at an opportune time when the potential for growth in the region is at a high level.

As part of its growth strategy and for succession planning purposes, the Board of Directors of the Company wishes to announce the following appointment and formation of new board committees:-

(1) APPOINTMENT OF DEPUTY GROUP MANAGING DIRECTOR

Mr Lin Kejian, an executive director of the Company holding the position of Operations Director since October 2010, is now designated and appointed as the Deputy Group Managing Director of the Group with effect from 15 September 2014.

Information on Mr Lin Kejian as required pursuant to Rule 704(7) of the Listing Manual is announced separately under the prescribed template for Announcement of Appointment.

(2) EXECUTIVE COMMITTEE

An Executive Committee which shall be responsible for the overall management of the operations and affairs of the Group. The Executive Committee shall comprise the current Group Managing Director, Mr Tan Kong King, and the new Deputy Group Managing Director, Mr Lin Kejian.

(3) INVESTMENT AND DIVESTMENT COMMITTEE

An Investment and Divestment Committee which shall identify, formulate and approve new investment and divestment proposals and also make investment and divestment recommendations and proposals to the Board of Directors. The role of the Investment and Divestment Committee is also to set and implement strategic initiatives to grow the Group and increase shareholder value.

The Investment and Divestment Committee shall be made up of Mr Andree Halim (chairman of the committee), Mr Tan Kong King and Mr Lin Kejian.

(4) RECONSTITUTION OF NOMINATING COMMITTEE

Mr Andree Halim has been appointed as a Member of the Nominating Committee and the Nominating Committee is reconstituted to comprise two independent directors and a non-executive director, namely Mr Soh Gim Teik (chairman of the committee), Mr Siau Kai Bing and Mr Andree Halim.


By Order of the Board


LEE WOAN LING (Ms)
Company Secretary

Singapore, 15 September 2014