Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
ALLIED TECHNOLOGIES LIMITED
Securities
ALLIED TECHNOLOGIES LIMITED - SG1O07910928 - A13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Aug-2017 17:35:43
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG170801OTHRQCIH
Submitted By (Co./ Ind. Name)
Hsu Ching Yuh @ Sheu Ching Yuh
Designation
Chief Executive Officer and Group Managing Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Lim Jin Wei, as Independent Director, Chairman of Remuneration Committee and member of the Audit Committee and Nominating Committee.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist.

The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The SGX-ST and the Sponsor 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 person for the Sponsor is Mr Lee Chee Cheong, Associate Director, Investment Banking, Singapore. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone +65 63375115.

Additional Details

Date Of Appointment
01/08/2017
Name Of Person
Lim Jin Wei
Age
42
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board having assessed Mr Lim Jin Wei's qualifications and experience, is of the view that he has the requisite experience and capabilities to assume the duties and responsibilities as an Independent Non-Executive Director of the Company and considers him to be independent.
Whether appointment is executive, and if so, the area of responsibility
Independent Non-Executive Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of Remuneration Committee and member of the Audit Committee and Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
N.A.
Conflict of interests (including any competing business)
N.A.
Working experience and occupation(s) during the past 10 years
Mr Lim has been the director of Choon Hua Trading Corporation Sdn Bhd (Choon Hua) since January 2007 to spearhead various additions and improvement to the company's infrastructure and business of importing and distribution of frozen goods and fast-moving consumer goods in East Malaysia. He started his career as auditor with Deloitte & Touche, Singapore and became Audit Manager in 2004. During his career as auditor, he managed financial audit of multinationals and local companies in several industries including computers & electronics, shipping, manufacturing, construction, foods and beverages as well as trading and distribution. He also has experiences as Independent Auditor for Initial Public Offerings of PRC Companies in Singapore including on-site due diligence.

Mr Lim was the CFO of Regal International Holdings Pte Ltd since May 2013 and involved in its Reverse Take Over (RTO) exercise. Upon completion of the RTO, he remains as the CFO of its property division until February 2015. He oversees the finance function of the property division with the assistance of the Chief Accountant. Some of his key roles and responsibilities include contributing financial and accounting information, analysis and making recommendations towards strategic thinking and direction of the property division; monitoring performance by measuring and analysing financial results; ensuring sufficient capital and financial resources for the continuation of business operations. He also developed action plans for capital accumulation to fund expansions, ensure financial records are properly maintained for audit purposes, and ensure the timely completion of audit for statutory financial reporting and filing.
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
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)
N.A.
Present
Sincap Group Limited

Epicentre Holdings Limited

Epicentre Solutions Pte Ltd

Japan IPL Express Sdn Bhd

Choon Hua Trading Corporation Sdn Bhd

Choon Hua Trading Corporation (Sarawak) Sdn Bhd

Choon Hua Food Products Sdn Bhd

Choon Hua Borneo Sdn Bhd

Choon Hua Cold Storage Sdn Bhd

Choon Hua Inc.

Yu-Juko Sdn Bhd

CH Capital Group 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?
Yes
If Yes, Please provide details of prior experience
Mr Lim was appointed as Independent Director of Epicentre Holdings Limited on 12 July 2016 and a member of Audit & Risk Committee as well as Nominating and Remuneration Committee. On 10 November 2016, Mr Lim has been re-designated as Chairman of Audit & Risk Committee.

He was also appointed as Independent Director of Sincap Group Limited on 14 November 2016 and a member of the audit committee, remuneration committee and nominating committee of the Company. On 18 November 2016, he has been re-designated as the Lead Independent Director of the Company as well as the Chairman of the Audit and Risk Committee and remains as a member of the Nominating and Remuneration Committees.