Change - Announcement of Appointment::Appointment of Mr Ong Eng Loke as the Alternate Director to Mr Ong Mui Eng

Issuer & Securities

Issuer/ Manager
HWA HONG CORPORATION LIMITED
Securities
HWA HONG CORPORATION LIMITED - SG1H85877246 - H19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
23-Apr-2021 21:04:36
Status
New
Announcement Sub Title
Appointment of Mr Ong Eng Loke as the Alternate Director to Mr Ong Mui Eng
Announcement Reference
SG210423OTHRKP21
Submitted By (Co./ Ind. Name)
Lee Soo Wei
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Ong Eng Loke as the Alternate Director to Mr Ong Mui Eng

Additional Details

Date Of Appointment
23/04/2021
Name Of Person
Ong Eng Loke
Age
54
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board, having considered the Nominating Committee's recommendation and assessment of Mr Ong Eng Loke's experience and credentials, approved the appointment of Mr Ong Eng Loke as Alternate Director to Mr Ong Mui Eng.
Whether appointment is executive, and if so, the area of responsibility
Executive (Alternate Director to Executive Director, Mr Ong Mui Eng)
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Alternate Director to Mr Ong Mui Eng
Professional qualifications
- BComm and Honours BSc (Distinction) in Finance, Actuarial Science and Statistics from University of Toronto, Canada
- Master of Arts in Statistics at York University, Canada
- Master of Social Science in Applied Economics at National University of Singapore
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
- Son of Mr Ong Mui Eng, who is a Non-Independent and Executive Director.
- Nephew of Mr Ong Choo Eng, who is a substantial shareholder.
- Nephew of Dr Ong Hian Eng, who is a Non-Independent and Non-Executive Director.
- Nephew of Mr Ong Kwee Eng, Mr Ong Kay Eng and Mr Ong Hoo Eng, who are substantial shareholders.
- Cousin of Mr Ong Eng Yaw, who is the Chief Operating Officer and substantial shareholder.
- Cousin of Ms Ong Bee Leem and Dr Ong Eng Hui David, who are substantial shareholders.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Mr Ong Eng Loke joined the Company in August 2004 as manager for business development. Prior to the appointment, he was a fund manager in Tokio Marine Asset Management International Pte Ltd, UOB Asset Management and OUB Asset Management. He is currently responsible for investment opportunities in Asia particularly in the region of China, Hong Kong and Korea.
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
- Direct interest: 36,090,858 Shares in the Company
- Deemed Interest: 884,000 Shares in the Company
# 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)
Nil
Present
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(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 Ong Eng Loke will attend Listed Entity Director (LED) programme organised by Singapore Institute of Directors (SID).