Change - Announcement of Appointment::APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
TREK 2000 INTERNATIONAL LTD
Securities
TREK 2000 INT'L LTD - SG1I59882965 - 5AB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-Dec-2020 17:59:15
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG201210OTHRGC37
Submitted By (Co./ Ind. Name)
Tan Joon Yong
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Non-Executive Director

Additional Details

Date Of Appointment
10/12/2020
Name Of Person
Neo Ban Chuan
Age
68
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 reviewed the recommendation and assessment by the Nominating Committee of Mr Neo Ban Chuan's credentials, experience, capabilities and is satisfied that Mr Neo has the requisite knowledge and experience to contribute effectively to the Company and is a suitable candidate to be appointed to the Board as an Independent Non-Executive Director of the Company.
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 Non-Executive Director
Professional qualifications
(a) Member of the Institute of Singapore Chartered Accountant (ISCA)
(b) Fellow Member of CPA Australia
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Mr Neo Ban Chuan was previously the Head of Restructuring with one of the Big Four accounting firms in Singapore. He is a Public Accountant and a Licensed Insolvency Practitioner in Singapore.

He has been in the Restructuring business for close to 35 years and had managed a very diverse portfolio. Following his retirement from the Big Four firm, he sets up BC Neo Business Advisory Pte Ltd in 2007. Subsequently he went into partnership with a boutique advisory firm (based in Melbourne Australia) heading their Singapore Office. He was with them for 5 years up to 2013.

He has been involved in the overall conduct of numerous formal insolvency assignments during his time as one of the most senior insolvency practitioners in the Asian region. He is intimately familiar with the legislative and regulatory requirements expected of these assignments across multiple jurisdictions including Australia, Costa Rica, China, Europe, Honduras, India, Indonesia, Malaysia, Myanmar, Middle East, Thailand and Vietnam.

He is a well-regarded personality in the insolvency practice circle and had been featured in a Channel News Asia television interview on judicial management and other forms of insolvency administration.

He has to date been accredited with the successful restructuring of numerous cross-border assignments involving distressed businesses in the region. Amongst other things, he had experience in the Trading, Manufacturing, Shipping, Hospitality and Property Sectors.

He had also acted as Independent Director for various companies listed in Singapore Stock Exchange.
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)
(a) Tuan Sing Holdings Limited
(b) OCAP Management Pte. Ltd.
Present
(a) Manulife (Singapore) Pte. Ltd.
(b) BC Neo Business Advisory Pte. Ltd.
(c) Credit Intelligence (Singapore) Pte. Ltd.
(d) Arrow Business Consultants Pte. 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?
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?
Yes
If Yes, Please provide details of prior experience
Tuan Sing Holdings Limited