Change - Announcement of Appointment::Appointment of Independent Director: Chia Wee Boon

Issuer & Securities

Issuer/ Manager
JAPFA LTD.
Securities
JAPFA LTD. - SG1AB9000005 - UD2
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Jan-2021 19:06:07
Status
New
Announcement Sub Title
Appointment of Independent Director: Chia Wee Boon
Announcement Reference
SG210101OTHRYK6G
Submitted By (Co./ Ind. Name)
Cheng Sai Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Director, Chia Wee Boon, with effect from 1 January 2021

Additional Details

Date Of Appointment
01/01/2021
Name Of Person
Chia Wee Boon
Age
63
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Nominating Committee ( NC ) has reviewed the experience and qualification of Mr Chia and is of the view that he suitable candidate for appointment as Independent Director of the Company.
The Board having considered the recommendation of the NC, approved Mr Chia s appointment as an Independent Director and a member of the Remuneration Committee with effect from 1 January 2021.
In line with the Company's practice, Mr Chia will retire and stand for re-election as a Director at the forthcoming Annual General Meeting.
Whether appointment is executive, and if so, the area of responsibility
Appointment is non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Member of the Remuneration Committee
Professional qualifications
Master of Science degree in Management Science, Imperial College, London UK
First Class Honours degree in Computing Studies, University of East Anglia, UK
Diploma in Directorship Program, SID-SMU, Singapore
The General Managers Program, Harvard Business School, USA
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
2020-present, Managing Partner, Auxilium Pte Ltd.
2019-present, Advisor, SingTel Group Strategy.
2009-2019, Chief Operating Officer/Chief Executive Officer, NCS Pte Ltd
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)
May 2017-Aug 2020, Member of SIM Society Governing Council
Present
2020-present, Managing Partner, Auxilium Pte Ltd
Oct 2019-present Member of the Board of Directors, Singapore Institute of Management
Aug 2015-present, Non Executive Director, HOPE Technik 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?
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
Yes, completed SID-SMU Directorship Programme
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)
(i) while Mr Chia has no prior experience as a director of a company listed on the Singapore Exchange, he has over 38 years of Asia-Pacific work exposure, 25 of which are in the senior management position;
(ii) Mr Chia has completed the necessary training in the roles and responsibilities of a listed company director and has obtained an Executive Diploma in Directorship conferred by SID-SMU.