Change - Announcement of Appointment::Appointment of Executive Vice Chairman and executive director
Issuer & Securities
Issuer/ Manager
AMPLEFIELD LIMITED
Securities
AMPLEFIELD LIMITED - SG1AG0000003 - AOF
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Oct-2021 17:45:47
Status
New
Announcement Sub Title
Appointment of Executive Vice Chairman and executive director
Announcement Reference
SG211028OTHRZF9Z
Submitted By (Co./ Ind. Name)
Woon Ooi Jin
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (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 document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Mr Joseph Au, Continuing Sponsorship, 16 Collyer Quay, #10 00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.
Additional Details
Date Of Appointment
28/10/2021
Name Of Person
Dato Sri Yap Teiong Choon
Age
68
Country Of Principal Residence
Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors, having considered the recommendation of Nominating Committee, and having reviewed the qualifications and a wealth of management experience and contacts in the property development, construction and other businesses in the region, is of the view that Dato Sri Yap Teiong Choon ("Dato Sri Yap") has the requisite experience and capability to assume the responsibility of Executive Vice Chairman of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. As Executive Vice Chairman, Dato Sri Yap will be principally responsible for the management and conduct of the business of the Group and will be leading the Company's management team (including the other Executive Directors) and spearheading the Group s business and strategic direction and growth.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Vice Chairman
Professional qualifications
Member of Malaysian Institute of Accountants, the New Zealand Society of Accountants, Fellow of the Institute of Certified Public Accountants of Singapore and the Australian Society of Certified Practicing Accountants
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
Substantial Shareholder of Company and father of Executive Director, Yap Weng Yau.
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Dato Sri Yap has accumulated many years of experience as a property developer while working as an executive director of SHL Consolidated Bhd, a listed property developer in Malaysia.
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
Dato Sri Yap Teiong Choon has an aggregate interest of 566,879,124 shares in the Company which comprised deemed interest of 543,723,385 shares held by Olander Ltd, through its nominee, DB Nominees (Singapore) Pte. Ltd., by virtue of his 50% shareholdings in Olander Ltd (the remaining 50% in Olander Ltd is held by his spouse), representing 60.54% and direct interest of 23,155,739 shares, representing 2.58%.
# 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)
SHL Consolidated Bhd
Present
YTC Global Sdn Bhd
Sing Viet City Co Ltd
Sin Heap Lee Construction Sdn Bhd
Sin Heap Lee Development 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
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?
Yes
If Yes, Please provide details of prior experience
Dato Sri Yap was previously the Executive Director of Amplefield Limited from 2003 until 2016. The NC did not recommend Dato Sri Yap to refresh and attend director training as he has been regularly attending seminars and webinars organised by professional accounting bodies and has been a director of a company listed on Bursa Malaysia as recently as August 2019.
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)
N.A.
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