Change - Announcement of Appointment::Re-Designation of Group Chief Operating Officer to Deputy Chief Executive Officer

Issuer & Securities

Issuer/ Manager
TIONG WOON CORPORATION HOLDING LTD
Securities
TIONG WOON CORP HOLDING LTD - SG1CF7000004 - BQM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-May-2019 17:35:23
Status
New
Announcement Sub Title
Re-Designation of Group Chief Operating Officer to Deputy Chief Executive Officer
Announcement Reference
SG190510OTHR9WHN
Submitted By (Co./ Ind. Name)
Joanna Lim Lan Sim
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr Michael Ang Guan Hwa ("Mr Michael Ang") from Group Chief Operating Officer ("COO") to Deputy Chief Executive Officer ("CEO").

Additional Details

Date Of Appointment
13/05/2019
Name Of Person
Michael Ang Guan Hwa
Age
41
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee ("NC") had reviewed the extensive working experiences of Mr Michael Ang and recommended his appointment to the Board of Directors. The Board has accepted the recommendation and approved the appointment of Mr Michael Ang as the Deputy CEO of the Company. The appointment is part of the Company's Management succession plan.
Whether appointment is executive, and if so, the area of responsibility
Executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Deputy CEO
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Son of Mr Ang Kah Hong; Nephew of Mr Ang Kha King.
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
2010-Present: Tiong Woon Corporation Holding Ltd - Group COO
2006-2009: Tiong Woon Crane & Transport (Pte) Ltd - Senior Manager
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)
NIL
Present
- Tiong Woon Corporation Holding Ltd
- PT. TWC Indonesia
- Tiong Woon (Huizhou) Industrial Services Co., Ltd
- Tiong Woon Crane & Transport Lanka (Pvt) Ltd.
- Golden Argo (Pvt) Ltd
- Tiong Woon Services Sdn Bhd
- Tiong Woon Bangladesh Limited
- Tiong Woon Crane Sdn Bhd
- Asian Supply Base Maritime Resources Sdn Bhd
- ASB Maritime Resources (L) Ltd
(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?
Yes
If Yes, Please provide full details
Convicted in November 2004 & June 2012: Sec 67(1)(b): Road Traffic Act, Cap 276: driving when the person has so much alcohol in his body that the proportion of it in his breath/blood exceeds the prescribed limit. No accident/injury to any party was involved.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Tiong Woon Corporation Holding Ltd
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)
Not applicable.