Change - Announcement of Appointment::Redesignation of Non-Executive Chairman to Executive Chairman

Issuer & Securities

Issuer/ Manager
JASON HOLDINGS LIMITED
Securities
JASON HOLDINGS LIMITED - SG2G86000004 - 5I3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-May-2018 17:48:21
Status
New
Announcement Sub Title
Redesignation of Non-Executive Chairman to Executive Chairman
Announcement Reference
SG180528OTHRR16D
Submitted By (Co./ Ind. Name)
Lim Chwee Kim
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Announcement of Redesignation of Non-Executive Chairman to Executive Chairman

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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. Ong Hwee Li (Tel: (65) 65323829) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
28/05/2018
Name Of Person
Lim Chwee Kim
Age
60
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 has reviewed and is satisfied that Mr Lim Chwee Kim is properly qualified to assume the position of Executive Chairman by virtue of his skills, experiences and contributions. The Board of Directors approve the redesignation of Mr Lim Chwee Kim from Non-Executive Chairman to Executive Chairman of the Company upon the recommendation of the Nominating Committee.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Lim Chwee Kim will be responsible for the day-to-day management of the Company's and Group's operations.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
Mr Lim was previously the founder and CEO of RichLand Group Limited ("RGL") where his primary responsibility was to formulate business strategies to chart the future growth of the group. Mr Lim started the business of providing cargo transportation services, container haulage and project cargo movement in 1992 under a sole proprietorship known as RichLand Cargo Trucking & Labour Service Agency ("RichLand Agency") and spearheaded the group's expansion into related businesses such as airport cargo terminal handling in 1994 and warehousing, storage and micro distribution in 1996. In 2008, Mr Lim sold his controlling stake in RGL and subsequently acquired from RGL the China investment holding company, RLG Holdings Pte. Ltd. ("RLG Holdings") and its subsidiaries in China, as he decided to continue to develop the land development investment project in Chengdu, China. RLG Holdings was renamed as BroyLand Holdings Pte. Ltd. in 2009. The core businesses of BroyLand Holdings Pte. Ltd. are logistics, freight forwarding and cargo service agency, as well as commercial properties and sale of sand and granite.

Mr Lim was also an executive director of Fuyuan Resources Pte. Ltd., a company engaged in the sale of sand, granite and building materials, since its incorporation in 1999 until 2012. Mr Lim is currently the vice chairman of the Citizen Consultative Committee of Hougang Single Member Constituency (SMC).
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
2,042,800,000 shares in Jason Holdings Limited
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)
BroyLand Holdings Pte. Ltd.
Fuyuan Resources Pte. Ltd.
Sai Ho Realty Pte Ltd
Chengdu BroyLand Logistics Investment Management Co., Ltd
Chengdu BroyLand Logistics Services Co., Ltd
Lim Chwee Kim Pte. Ltd.
RLG Development Pte. Ltd.
BroyLand Properties Pte. Ltd.
Crownshine Season Fruits Private Limited
BroyLand China Investment Pte. Ltd.
BroyLand Trading Pte. Ltd.
Present
Union Gas Holdings Limited
Broyland Logistics Services Pte. 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
Refer to attached Appendix I
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
Richland Group Limited (2004-2008), Union Gas Holdings Limited (2017 - present) and the current appointment is a redesignation to Executive Chairman.

Attachments

Appendix I Mr Lim Appointment.pdf
Total size =15K