Change - Announcement of Appointment::Appointment of Chief Financial Officer and Company Secretary

Issuer & Securities

Issuer/ Manager
TRANSCORP HOLDINGS LIMITED
Securities
TRANSCORP HOLDINGS LIMITED - SG1J09885596 - T19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Dec-2018 19:42:22
Status
New
Announcement Sub Title
Appointment of Chief Financial Officer and Company Secretary
Announcement Reference
SG181203OTHRNKN3
Submitted By (Co./ Ind. Name)
You Zihui
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Wang Yingyang as Chief Financial Officer and Secretary of the Company.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Asian Corporate Advisors Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Company's Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange 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 Liau H.K.
Telephone number: 6221 0271

Additional Details

Date Of Appointment
03/12/2018
Name Of Person
Wang Yingyang
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 board of directors ("Board") of Transcorp Holdings Limited (the "Company"), after having reviewed and considered the qualifications, experience and suitability of Mr Wang and upon the recommendations of the Nominating Committee, has approved the appointment of Mr Wang as Chief Financial Officer and Secretary of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. Mr Wang is responsible for the Group's overall financial functions, compliance, secretarial, corporate governance and accounting matters.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer and Company Secretary
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)
No
Working experience and occupation(s) during the past 10 years
January 2011 - November 2018:
Chief Financial Officer, Lexico Capital Pte. Ltd and Raffles Investment Partners.

January 2008 - December 2010:
Chief Financial Officer , PJ Partners Pte. Ltd.
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)
1. Jiang Shan (Singapore) Holdings Pte. Ltd.
2. Jiang Shan Power Holdings Pte. Ltd.
3. Goldencare Group Pte. Ltd.
4. Meducation Pte. Ltd.
5. Utree Technology Pte. Ltd.
6. Declout Limited
Present
1. Lexico Capital Pte. Ltd.
2. Raffles Investment Partners Pte. Ltd.
3. Solomon Corp Private Limited
4. Regis Education Centre Pte. Ltd.
5. Wesure Insurance Brokers 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?
Yes
If Yes, Please provide full details
On 16 May 2012, New Chee Seng alias Lary Liang Zhicheng brought an action against The Daughter Movie Venture Pte Ltd, Decibel & Lux Pte. Ltd., and certain other individuals (including Mr Wang) who were allegedly involved in the two companies, in relation to certain alleged representations relating to a proposed movie venture. Mr Wang disputed the allegations on the basis that he was not involved in the affairs of the two companies and had not made any representations to the plaintiff, and the plaintiff discontinued the action against Mr Wang on 12 November 2013.
(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
Independent Director of Declout Limited