Change - Announcement of Appointment::Appointment of Independent Director, Chairman of RC and Member of AC, RMC & NC

Issuer & Securities

Issuer/ Manager
CSC HOLDINGS LIMITED
Securities
CSC HOLDINGS LTD - SG1F84861094 - C06
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
22-Jul-2024 17:24:22
Status
New
Announcement Sub Title
Appointment of Independent Director, Chairman of RC and Member of AC, RMC & NC
Announcement Reference
SG240722OTHREJUG
Submitted By (Co./ Ind. Name)
See Yen Tarn
Designation
Executive Director & Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Dr Steve Lai Mun Fook ("Dr Lai") as an Independent Non-Executive Director, Chairman of the Remuneration Committee ("RC") and a member of the Audit Committee ("AC"), Risk Management Committee ("RMC") and Nominating Committee ("NC").

Additional Details

Date Of Appointment
01/08/2024
Name Of Person
Dr Steve Lai Mun Fook
Age
73
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
After having considered the recommendation of the NC and having reviewed and considered the qualification, work experience and suitability of Dr Lai, the Board of Directors (the "Board") approved the appointment of Dr Lai as an Independent Non-Executive Director of the Company. The Board is of the view that Dr Lai has the requisite experience and capability to assume the role of an Independent Non-Executive Director of the Company and his appointment as a Director will contribute to the diversity of skills, experience and knowledge to the present Board.

Dr Lai is also appointed Chairman of the RC and a member of the AC, RMC and NC.

The Board considers Dr Lai to be independent for the purposed of Rule 704(8) of the SGX-ST's Listing Manual.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive and Independent
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director.
Chairman of the RC, and
Member of the AC, RMC and NC.
Professional qualifications
Bachelor of Science (Honours) in Industrial Chemistry and PhD from Loughborough University, United Kingdom
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
1. Yongmao Holdings Limited - Independent Director (December 2007 - current)
2. 3dsense Media School Pte Ltd - Director (September 2014 - current)
3. Singapore Institute of Power and Gas Pte Ltd - Director (January 2015 - current)
4. 17LIVE Group Limited - Independent Director (January 2002 - current)
5. Intraco Limited - Independent Director (April 2015 - April 2024)
6. K.A. Fabric Shutters Pte Ltd (May 2015 - August 2022)
7. K.A. Building Construction Pte Ltd (May 2015 - August 2022)
8. K.A. Group Holdings Pte Ltd (May 2015 - August 2022)
9. K.A. Firelite Pte Ltd (May 2015 - August 2022)
10. K.A. Fireproofing Pte Ltd (May 2015 - August 2022)
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
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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. Intraco Limited
2. K.A. Fabric Shutters Pte Ltd
3. K.A. Building Construction Pte Ltd
4. K.A. Group Holdings Pte Ltd
5. K.A. Firelite Pte Ltd
6. K.A. Fireproofing Pte Ltd
Present
1. Yongmao Holdings Limited
2. 3dsense Media School Pte Ltd
3. Singapore Institute of Power and Gas Pte Ltd
4. 17LIVE Group 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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Dr Lai is / was an Independent Director of the following Companies (listed on the Singapore Stock Exchange):-
1. Yongmao Holdings Limited
2. Intraco Limited
3. 17Live Group Limited
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)
N/A