Change - Announcement of Appointment::Appointment of Non-Executive, Independent Director and Audit Committee Chairman

Issuer & Securities

Issuer/ Manager
PCI LIMITED
Securities
PCI LTD - SG0534000260 - P19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Nov-2014 17:31:14
Status
New
Announcement Sub Title
Appointment of Non-Executive, Independent Director and Audit Committee Chairman
Announcement Reference
SG141103OTHRVXNS
Submitted By (Co./ Ind. Name)
Valerie Tan May Wei
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Ho Soo Ching as Non-Executive, Independent Director, Audit Committee Chairman, Remuneration Committee Member and Nominating Committee Member

Additional Details

Date Of Appointment
03/11/2014
Name Of Person
Ho Soo Ching
Age
64
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Ho Soo Ching was nominated by the Nominating Committee for appointment as a Non-Executive, Independent Director, the Chairman of the Audit Committee, a member of the Remuneration Committee and a member of the Nominating Committee. The Nominating Committee took into consideration, inter alia, Mr Ho's qualifications, relevant experience and competencies. The Board has approved his appointments as recommended by the Nominating Committee.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive, Independent Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive, Independent Director, Chairman of the Audit Committee, Remuneration Committee Member and Nominating Committee Member.
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)
None
Working experience and occupation(s) during the past 10 years
January 2004 to July 2006 - Executive Director, MS Corporate Finance Pte Ltd, Singapore
September 2006 to November 2011 - Chief Executive Officer, Manhattan Resources Ltd, Singapore
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Ho has a direct interest in 40,000 ordinary shares and a deemed interest in 10,000 ordinary shares held by his spouse in the Company.
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)
(1) Neo Material Technologies, Inc
(2) Hersing Corporation Limited
(3) Manhattan Resources Limited
(4) Manhattan Resources (Ningbo) Trading Co Ltd
(5) Manhattan Resources (Ningbo) Property Limited
Present
(1) U Mobile Sdn Bhd
(2) Whiterock Medical Company Pte Ltd
(3) North Pacific Land Pte Ltd
(4) Ningbo SG Development Co 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
The Philippine Securities and Exchange Commission initiated an investigation into a Philippine company in which Mr Ho was a non-executive director for alleged legal and regulatory violation in 2000. The complaint was dismissed by the Philippine Department of Justice in December 2000.
(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?
Yes
If Yes, Please provide full details
Mr Ho was given a warning by the Corrupt Practice Investigation Bureau of Singapore in October 2013 concerning certain transactions in Indonesia in 2008 to 2011 in a company in which Mr Ho was involved with during that time. No further action has been taken against him thereafter.
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Please refer to the attachment.

Attachments

MrHoSooChing.PriorExp.ListedCo.pdf
Total size =130K