Change - Announcement of Appointment::Appointment of Independent Chairman

Issuer & Securities

Issuer/ Manager
LUMINOR FINANCIAL HOLDINGS LIMITED
Securities
LUMINOR FINANCIAL HOLDINGS LTD - SG2E72981474 - 5UA
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
21-Jun-2024 17:41:28
Status
New
Announcement Sub Title
Appointment of Independent Chairman
Announcement Reference
SG240621OTHRV2PR
Submitted By (Co./ Ind. Name)
Kwan Yu Wen
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Chairman

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited ("Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST 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) 65906881.

Additional Details

Date Of Appointment
21/06/2024
Name Of Person
Aw Eng Hai
Age
56
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board has reviewed and considered the qualifications and work experience of Mr Aw Eng Hai and approved his appointment as Independent Chairman, Chairman of the Audit Committee, and member of the Remuneration Committee, Risk Management Committee and Nominating Committee of the Company. The Board considers Mr Aw Eng Hai to be independent for the purpose of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Chairman, Chairman of the Audit Committee, and member of the Remuneration Committee, Risk Management Committee and Nominating Committee
Professional qualifications
Bachelor of Business Administration (Honours), National University of Singapore

Institute of Singapore Chartered Accountants - Chartered Accountant

Association of Chartered Certified Accountants - Fellow

Insolvency Practitioners Association of Singapore - Fellow

Singapore Institute of Directors - Member

INSOL International - Member
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
March 2003 - Present
Foo Kon Tan LLP - Partner in charge of recovery and restructuring and forensic investigations
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)
Directorships:
Capital World Limited
TXZ Tankers Pte. Ltd.
Century Masters Pte. Ltd.
Hunting Airtrust Tubulars Pte Ltd

Other Principal Commitments:
Nil
Present
Directorships:
Tritech Group Limited
TOTM Technologies Limited
GDS Global Limited
Foo Kon Tan Advisory Services Pte. Ltd.
Foo Kon Tan Transaction Services Pte. Ltd.
Airtrust (Singapore) Pte Limited
Insolvency Practitioners Association of Singapore Limited

Other Principal Commitments:
Nil
(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?
Yes
If Yes, Please provide full details
On 27 August 2015, Mr Aw Eng Hai was issued a warning letter by the Monetary Authority of Singapore ("Authority") for a breach of Section 133 of the Securities and Futures Act ("SFA") in relation to his late notification on 22 April 2014 to Tritech Group Limited ("Tritech") following the issuance of bonus warrants to him by Tritech on 31 March 2014. Mr Aw Eng Hai has been an Independent Director of Tritech from 4 September 2009 to date.

Tritech was issued a warning letter ("Tritech Warning Letter") by the Authority on 13 February 2017 for a breach of Section 136 of the SFA for Tritech's late notification dated 24 June 2016 to the Company following the completion of the placement of shares in the Company on 21 April 2016, which resulted in a change in percentage of Tritech's shareholding interests in the Company. The Authority has informed Tritech that no further regulatory action will be taken against Tritech in respect of such breach. Neither Mr Aw Eng Hai nor any of the directors of Tritech were the subject of the Tritech Warning Letter.
(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?
Yes
If Yes, Please provide full details
Please refer to the disclosure under paragraph (j)(iv).
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr Aw Eng Hai is presently an independent director of the following issuers listed on the SGX-ST:
- Tritech Group Limited;
- TOTM Technologies Limited; and
- GDS Global Limited