Change - Announcement of Appointment::REDESIGNATION TO A NON-EXECUTIVE CHAIRMAN AND ID OF THE COMPANY AND A MEMBER OF AC, NC AND RC

Issuer & Securities

Issuer/ Manager
DUKANG DISTILLERS HLDGS LTD
Securities
DUKANG DISTILLERS HLDGS LTD - BMG2860H2096 - BKV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Jul-2021 07:06:13
Status
New
Announcement Sub Title
REDESIGNATION TO A NON-EXECUTIVE CHAIRMAN AND ID OF THE COMPANY AND A MEMBER OF AC, NC AND RC
Announcement Reference
SG210703OTHRJRN4
Submitted By (Co./ Ind. Name)
Toh Li Ping, Angela
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Redesignation from Lead Independent Director to Non-Executive Chairman and Independent Director of the Company, while remaining as a member of Audit Committee ("AC"), Nominating Committee ("NC") and Remuneration Committee ("RC") with effect from 3 July 2021.

Mr. Tan Siok Sing (Calvin) was appointed as Independent Director of the Company on 26 June 2008 and re-designated as a Non-Executive and Non-Independent Director on 1 April 2011. Subsequently, he was re-designated as an Independent Director on 30 October 2012 and appointed as the Lead Independent Director on 1 June 2015.

Additional Details

Date Of Appointment
03/07/2021
Name Of Person
Tan Siok Sing ("Mr. Calvin Tan")
Age
66
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
06/05/2021
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr. Calvin Tan has extensive experience as an Independent Director of the Company since 2008 and has been the Lead Independent Director of the Company since 2015. The Company can benefit from the continued oversight and guidance by him in view of his established experience and expertise in the areas of corporate governance and corporate governance and risk management and the Company can further strengthen its Board leadership pursuant to his re-designation as the Non-Executive Chairman and Independent Director of the Company.

Mr. Calvin Tan has served on the Board for more than nine (9) years and has sought shareholders approval at the Special General Meeting of the Company held on 6 May 2021 by way of separate resolutions, through a two-tier vote pursuant to Listing Rule 210(5)(d)(iii) (which takes effect on 1 January 2022) in accordance with Transitional Practice Note 3 of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Nominating Committee has conducted, on an annual basis, a rigorous review to determine if he remains independent and can carry out his duties objectively, taking into account the need for progressive refreshing of the Board.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Chairman and Independent Director and a member of AC, NC and RC.
Professional qualifications
Mr. Calvin Tan graduated with a Masters in Business Administration from The University of Tennessee in 1984.
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 2008 to Present
Ironman Minerals & Ores Pte. Ltd. - Managing Director and Sole Shareholder
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)
- Li Heng Chemical Fibre Technologies Limited (delisted from the Main Board on 2 February 2017) (Appointed from December 2007 to March 2017)
- Changtian Plastic & Chemical Limited (delisted from the Main Board on 31 October 2017) (Appointed from April 2008 to October 2017)
- Heya Investment Holding Pte. Ltd.
- Qingmei Group Holdings Limited (delisted from the Main Board on 19 August 2019) (Appointed from December 2009 to August 2019)
- PT Pacific Metalurgi Indo Smelter (pending formal approval of the Indonesian authority)
- Sampaguita Energy Private Limited
Present
- Dukang Distillers Holdings Limited
- Shong Sing Pte. Ltd.
- Ironman Minerals & Ores Pte. Ltd.
- Ironman International Inc.
- Ironman - JS Investments (La Tahzan) Inc.
- EuroSports Global Limited (listed on the Catalist) (Appointed since November 2013)
- Sunny Max Investment Limited
- Goh Loo (2012) Limited
- Libra Group Limited (listed on the Catalist) (Appointed since January 2020)
(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?
Yes
If Yes, Please provide full details
Please refer to page 110 of the Company's circular to shareholders dated 31 March 2021 for more information in relation to my directorship in Goldenray Consortium (S) Pte. Ltd.
(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
Please refer to page 110 of the Company's circular to shareholders dated 31 March 2021 for more information in relation to Millennium Securities Pte Ltd.
(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
Please refer to page 110 of the Company's circular to shareholders dated 31 March 2021 for more information in relation to Millennium Securities Pte Ltd.
(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
Mr. Calvin Tan is the existing Lead Independent Director of the Company and Independent Director of several listed companies set out in his "directorships" above.
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.