Change - Announcement of Appointment::Re-designation of Executive Director to Chief Executive Officer and Executive Director

Issuer & Securities

Issuer/ Manager
OVERSEAS EDUCATION LIMITED
Securities
OVERSEAS EDUCATION LIMITED - SG2F49989922 - RQ1
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
27-Jan-2022 01:15:37
Status
New
Announcement Sub Title
Re-designation of Executive Director to Chief Executive Officer and Executive Director
Announcement Reference
SG220127OTHR8TVY
Submitted By (Co./ Ind. Name)
Siau Kuei Lian
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Re-designation of Ms Wong Lok Hiong from her current designation as Executive Director to Chief Executive Officer and Executive Director

Additional Details

Date Of Appointment
26/01/2022
Name Of Person
Wong Lok Hiong
Age
67
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
18/06/2020
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has accepted the Nominating Committee's recommendation, and has considered and reviewed Ms Wong's credentials, qualification, experience and approved the re-designation of Ms Wong from her current designation as Executive Director to Chief Executive Officer ("CEO") and Executive Director of the Company
Whether appointment is executive, and if so, the area of responsibility
Responsible for the overall business development and strategic planning of the Group and all matters relating to the operation of the School
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
CEO and Executive Director
Professional qualifications
Certificate in Management Accounting from London Chamber of Commerce and Industry
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
Ms Wong is the mother of Joyce Chee Jingying, Student Recruitment Manager of Overseas Family School Limited
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
October 2011 to Present - Executive Director and Chief Executive of Overseas Family School Limited
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
Ms Wong is deemed to be interested in 131,878,138 ordinary shares held by WLH Private Limited as she is the sole shareholder of WLH Private Limited
# 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
1) Master Projects Pte Ltd
2) Overseas Family School Limited
3) Overseas Family School Limited (Hong Kong)
4) Centre of Advanced Medicine Limited
5) Feedback Research Limited
6) WLH Private Limited
(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
Executive Director of the Company
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)
As disclosed above, Ms Wong has relevant experience as director of listed company