Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
9R LIMITED
Securities
9R LIMITED - SGXE45420721 - 1Y1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-Jun-2024 17:23:30
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG240613OTHR8510
Submitted By (Co./ Ind. Name)
Lai Kuan Loong, Victor
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Tan Tian Wooi as Independent Director of 9R Limited.

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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. Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957 telephone (65) 6590 6881

Additional Details

Date Of Appointment
15/06/2024
Name Of Person
Tan Tian Wooi
Age
53
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mr Tan Tian Wooi has been appointed as an Independent Director ("ID") of 9R Limited (the "Company"), the Chairman of the Nominating Committee ("NC"), and a member of the Audit and Risk Committee ("ARC") and Remuneration Committee ('RC").

The appointment of Mr Tan as an ID of the Company has been recommended by the NC of the Company and approved by the Board of Directors of the Company ("Board") after taking into consideration Mr Tan's qualifications, expertise and work experience. The Board is satisfied that Mr Tan has the requisite experience and capabilities to assume the role and responsibilities of an ID of the Company.
Whether appointment is executive, and if so, the area of responsibility
This appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of NC, and member of the ARC and RC.
Professional qualifications
Member of The Malaysian Institute of Certified Public Accountants (MICPA)
Member of Malaysian Institute of Accountants (MIA)
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2019 - Current
TGS TW PLT - Group Managing Partner

2010 - 2019
UHY - Managing Partner
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)
Artroniq Berhad
UHY Malaysia China Business Advisory Sdn. Bhd.
UHY Advisory (KL) Sdn. Bhd.
UHY FLVS Sdn. Bhd.
Reliable One Sdn. Bhd.
Present
Wisespark Sdn. Bhd.
SCC Holdings Berhad
Megan Mewah 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
Yes
If Yes, Please provide full details
During Mr Tan's employment with UHY (AF 1411) ("Firm") as an audit partner, the Firm breached the Audit Oversight Board's ("AOB") registration condition imposed under Section 310(3) of the Securities Commission Malaysia Act 1993 ("SCMA"). This breach relates to the Firm's failure to comply with certain requirements of the approved standards on auditing in Malaysia, namely the International Standards on Quality Control and the By-Laws (on Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accounts ("MIA By-Laws").

The above sanction is specifically related to one of the partners at UHY, where the AOB found that he served as the engagement partner, a key audit partner for the audit of the financial statements of a public interest entity ("PIE") for seven (7) consecutive years, beginning from the financial year ended 31 December 2011 until the financial year ended 31 December 2017. During that period, in accordance with Section 290.150 of MIA By-Laws, which states that in respect of an audit of a PIE, an individual shall not be a key audit partner for more than five (5) years. As such, this particular partner has breached Section 31Q(1)(B) of the SCMA by failing to comply with the conditions of registration imposed under Section 310(3) of the SCMA.

Mr Tan is not the subject of the abovementioned sanction.
(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
Pursuant to Catalist Rule 406(3)(a), the Company will arrange for Mr Tan to attend the requisite training programs prescribed by the Singapore Exchange Securities Trading Limited within one year from the date of his appointment to the Board.