REPL::Change - Announcement of Appointment::Appointment of Non-Executive Non-Independent Director
Issuer & Securities
Issuer/ Manager
COSMOSTEEL HOLDINGS LIMITED
Securities
COSMOSTEEL HOLDINGS LIMITED - SG1V08936188 - B9S
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Oct-2023 12:19:43
Status
Replacement
Announcement Sub Title
Appointment of Non-Executive Non-Independent Director
Announcement Reference
SG231027OTHR1SOJ
Submitted By (Co./ Ind. Name)
Ong Tong Hai
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Announcement of Appointment of Non-Executive Non-Independent Director
Additional Details
Date Of Appointment
01/11/2023
Name Of Person
Yasuhiko Watanabe
Age
54
Country Of Principal Residence
Japan
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nominating Committee and Board of Directors of the Company have reviewed and considered Mr Yasuhiko Watanabe's qualifications and work experience and further taking into consideration his nomination for appointment as Non-Executive Non-Independent Director by Hanwa Co., Ltd. (Hanwa) pursuant to Clause 3 of the Strategic Alliance Agreement between the Company and Hanwa dated 1 December 2014 and are of the opinion that he is suitable for the role of Non-Executive Non-Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
No
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Non-Independent Director
Professional qualifications
Bachelor of Economics, Chuo University Japan
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Mr Yasuhiko Watanabe was nominated for appointment as Non-Executive Non-Independent Director of the Company by Hanwa Co., Ltd. pursuant to Clause 3 of the Strategic Alliance Agreement dated 1 December 2014 entered into between Hanwa Co., Ltd., a controlling shareholder of the Company, and the Company.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Deputy General Manager of Machinery Dept. and Manager of Amusement Rides and Waterpark Equipment Sect. at Hanwa Co., Ltd. in the Osaka office from April 2013 to March 2014
General Manager of Machinery Dept. at Hanwa Co., Ltd. in the Osaka office from April 2014 to March 2018
General Manager of Accounting Dept. at Hanwa Co., Ltd. in the Tokyo office from April 2018 to March 2020
General Manager of Corporate Planning Dept. at Hanwa Co., Ltd. in the Tokyo office from April 2020 to March 2021
Corporate officer in charge of Corporate Planning Division and General Manager of Corporate Planning Dept. at Hanwa Co., Ltd. in the Tokyo office from April 2021 to March 2023
Executive Officer in charge of Corporate Planning Division, Legal Division, Credit Division and Sustainability Promotion Office at Hanwa Co., Ltd. in the Tokyo office from April 2023 to present
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)
General Manager of Accounting Dept. at Hanwa Co., Ltd. in the Tokyo office
General Manager of Corporate Planning Dept. at Hanwa Co., Ltd. in the Tokyo office
Corporate officer in charge of Corporate Planning Division and General Manager of Corporate Planning Dept. at Hanwa Co., Ltd. in the Tokyo office
Present
Executive Officer in charge of Corporate Planning Division, Legal Division, Credit Division and Sustainability Promotion Office at Hanwa Co., Ltd. in the Tokyo office
(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
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Mr Yasuhiko Watanabe will be attending the relevant training with the Singapore Institute of Directors to familiarise himself with the roles and responsibilities of a director of a listed company.
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)
NA
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