Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
SCORPIO EAST HOLDINGS LTD.
Securities
SCORPIO EAST HOLDINGS LTD. - SG2G85000005 - 5I1

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
07-May-2014 18:35:42
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG140507OTHRYOZ7
Submitted By (Co./ Ind. Name)
Ko Chuan Aun
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Unless otherwise defined, all capitalised terms used herein shall have the same meanings ascribed to them in the Company's circular to its shareholders dated 31 March 2014.

The Announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Hong Leong Finance Limited (the Sponsor), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the SGX-ST). The Sponsor has not independently verified the contents of the Announcement.

The Announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of the Announcement, including the correctness of any of the statements or opinions made or reports contained in the Announcement.

The contact person for the Sponsor is Ms. Joan Ling, Senior Vice President, Head of Corporate Finance, at 16 Raffles Quay #40-01A Hong Leong Building, Singapore 048581, Telephone: (65) 6415-9886.

Additional Details

Date Of Appointment
06/05/2014
Name Of Person
Lee Kiam Hwee
Age
58
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Pursuant to the completion of the Proposed Acquisition, Lee Kiam Hwee was appointed to the Board as part of the re-constitution of the board of directors of the Company.
Whether appointment is executive, and if so, the area of responsibility
Independent Non-Executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees of the Company.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2008 to present:
HTL International Holdings Ltd
- Independent Director
- Non-Executive Chairman (3 July 2013 to present)
- Audit and Risk Committee member (3 July 2013 to present)
- Audit Committee Chairman (2008 to 2 July 2013)
- Remuneration Committee member (2008 to 2 July 2013)

2009 to present:
Marco Polo Marine Ltd
- Independent Director and member of Audit Committee, Nominating Commitee and Remuneration Committee

2010 to 2013:
Ausgroup Limited
- Independent Director and member of Audit Committee and Remuneration/ Human Capital Committee

2007 - 2012:
Pacific Healthcare Holdings Ltd.
- Independent Director, Audit Committee Chairman and member of Nominating and Remuneration Committees

2003 - 2007:-
Pan United Corporation Ltd
- Chief Financial Officer

1994 to 2003:-
IMC Holdings Ltd
- Group Financial Controller

1988 to 1994:-
Coopers & Lybrand
- Senior Audit Manager
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
# 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)
Ausgroup Limited, Pacific Healthcare Holdings Ltd.
Present
HTL International Holdings Ltd, Marco Polo Marine Ltd.
(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
I was an independent director of a company which in 2010 received a private caution letter from the SGX-ST for the failure to make timely announcement in relation to a rise in price and value in trades of its shares.
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide full details
HTL International Holdings Ltd, Marco Polo Marine Ltd., Ausgroup Limited, Pacific Healthcare Holdings Limited