Change - Announcement of Appointment::Appointment of Director - Appointment of Executive Director and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
TERRATECH GROUP LIMITED
Securities
TERRATECH GROUP LIMITED - KYG8763X1189 - 1D5
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
05-May-2017 01:57:05
Status
New
Announcement Sub Title
Appointment of Director - Appointment of Executive Director and Chief Executive Officer
Announcement Reference
SG170505OTHRFEXJ
Submitted By (Co./ Ind. Name)
Zhang Da (Kenny Zhang)
Designation
Chief Financial Officer
Effective Date and Time of the event
04/05/2017 23:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Executive Director and Chief Executive Officer

Additional Details

Date Of Appointment
04/05/2017
Name Of Person
Siow Chien Fu
Age
55
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Further to the circular issued to the Company's shareholders on 29 March 2017 ("Circular"), following Completion of the Proposed Transactions (both terms as defined in the Circular), Mr. Siow Chien Fu was appointed to the Board as part of the reconstitution of the composition of the Board of Directors of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr. Siow Chien Fu will be responsible for the overall management and direction of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
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)
Save as disclosed in Section 24.5(A) of the Circular, Mr. Siow Chien Fu has no further conflict of interest. To mitigate any perceived or potential conflict of interest as disclosed in Section 24.5(A) of the Circular, Mr. Siow Chien Fu has entered into a deed of undertaking with the Company on 29 March 2017. Further, Mr. Siow has entered into four (4) other right of first refusal deeds with the Company and each of Bintang Simfoni Sdn. Bhd., Express Inn Sdn. Bhd., Revenue Sprint Sdn. Bhd. and Zillion Enrich Sdn. Bhd.

Further details can be found in Section 24.5(A) of the Circular.
Working experience and occupation(s) during the past 10 years
In 1992, Mr. Siow Chien Fu started Regional Development Consortium Architect ("RDCA") as a sole proprietorship and developed it into an established architectural business with offices in Johor Bahru, Kuala Lumpur and Malacca. In early 2012, Mr. Siow Chien Fu transferred the business of RDCA to RDC Arkitek Sdn. Bhd. ("RDC Arkitek") and ceased to be involved in the executive management of RDC Arkitek from 2012, and is currently its non-executive director and shareholder.

In June 2013, Mr. Siow Chien Fu established Capital City Property Sdn. Bhd., and led the company in the conceptualisation, execution and implementation of projects, including Project Capital City.
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
Mr. Siow Chien Fu directly holds 501,785,713 ordinary shares representing 39.56% of the enlarged share capital of the Company.
Other Directorships
# 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. Dillons Pharmacy Sdn. Bhd.
2. Tafar Construction Sdn. Bhd.
3. CCH Hospitality Sdn. Bhd.
4. Handy Goals Development Sdn. Bhd.
5. CCRM Management Sdn Bhd
6. R-Concept Sdn. Bhd.
7. RDCA Sdn. Bhd.
8. H Guys Restaurant Sdn. Bhd.
9. Waras Ikhlas Sdn. Bhd.
10. Sun Plus Development Sdn. Bhd.
11. Pergola Hotel Sdn. Bhd.
12. Tanah Wajib Sdn. Bhd.
13. Eco Eight Sdn. Bhd.
14. Ecobina Sdn. Bhd.
15. Eco One Sdn. Bhd.
16. Sunbuild Development Sdn. Bhd.
17. Hup Heng Blossom Sdn. Bhd.
18. Nihon Properties Sdn. Bhd.
19. Market Hall Management Sdn. Bhd.
20. Prisma Serimaju Sdn. Bhd.
21. Market Hall Sdn. Bhd.
Present
1. Altimate Ventures Limited
2. Rise Expedition Global Limited
3. First Star Ventures Limited
4. Capital City Management Pte. Ltd.
5. Capital City Property Sdn. Bhd.
6. Capital City Ventures Sdn. Bhd.
7. Capital City Frontier Sdn. Bhd.
8. Sri Pelanji Sdn. Bhd.
9. Express Inn Sdn. Bhd.
10. Bintang Simfoni Sdn.
11. AMI Architects Sdn. Bhd.
12. Ruby Resources Sdn. Bhd.
13. Bestari Bestmart Sdn. Bhd.
14. RDC Arkitek (KL) Sdn. Bhd.
15. Revenue Sprint Sdn. Bhd.
16. Zillion Enrich Sdn. Bhd.
17. RDC Arkitek Sdn. Bhd.
18. Eco Associates Sdn. Bhd.
19. Eco Tree Hotel Sdn. Bhd.
20. RDCA Holdings Sdn. Bhd.
21. Yoleko 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
Disclosure applicable to the appointment of Director only.
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. Siow Chien Fu has attended the relevant courses to familiarise himself with the duties and responsibilities of being a director of a public listed company in Singapore.