Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
INNOPAC HOLDINGS LIMITED
Securities
INNOPAC HOLDINGS LIMITED - SG2D65002396 - I26
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Aug-2019 15:45:08
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG190826OTHRJ889
Submitted By (Co./ Ind. Name)
Leng Yew Chee Philip
Designation
Executive Director
Effective Date and Time of the event
26/08/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Director

Additional Details

Date Of Appointment
23/08/2019
Name Of Person
Lim Heng Lin
Age
69
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment of Mr Lim Heng Lin ("Mr Lim") as an Independent Director was recommended by the Company's sole director, Mr Leng Yew Chee Philip ("Mr Leng") after taking into consideration his experience and qualification. The Company is of the view that with Mr Lim's extensive corporate and business experience, he will be able to enhance the core competency of the Board and contribute positively to the Company
Whether appointment is executive, and if so, the area of responsibility
The appointment in Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Member of the Audit Committee and Chairman of the Nominating and Remuneration Committee.
Professional qualifications
None
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Mr Lim is a senior business consultant specializing in corporate governance, internal control, risk management and restructuring for companies in China and Singapore. Currently Mr Lim is a freelance consultant for SGX listed companies in their enterprise corporate risk management and sustainability review and reporting. Mr Lim was a lead supervisor of the Supervisory Committee of Shanghai Turbo Enterprises Ltd for the last 4 years. Mr Lim is also a licensed financial adviser. Mr Lim is also an active member of SCCCI, Business China and Singapore Institute of Directors.
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)
Shanghai Turbo Enterprises Ltd
Present
Freelance business consultant
Active Member of:
SID
Business China
SCCCI
(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
The director will be attending training as prescribed by the Exchange
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)
Mr Lim will be briefed on the duties and responsibilities and liabilities of director of companies in Singapore. The Company will arrange for Mr Lim to receive training in the discharge of the duties as Independent Director of the Company.