Change - Announcement of Appointment::Appointment of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
LUM CHANG HOLDINGS LIMITED
Securities
LUM CHANG HOLDINGS LIMITED - SG1E20001293 - L19
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-May-2018 17:40:05
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG180503OTHR3C1I
Submitted By (Co./ Ind. Name)
Tony Fong / Tan Eng Chan Gerald
Designation
Company Secretaries
Effective Date and Time of the event
03/05/2018 17:38:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Non-Executive Director

Additional Details

Date Of Appointment
03/05/2018
Name Of Person
Leow Wee Kia Clement
Age
43
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Leow has, in the course of his 17-year career, accumulated a vast amount of corporate work experience across several financial and securities establishments, in the functional areas of corporate finance, merchant and investment banking. He has held several senior and responsible roles in corporate finance since 2006, and is currently the Chief Executive Officer (Corporate Finance) at Crowe Horwath Capital Pte Ltd.

The Board of Directors, having noted Mr Leow's familial relationship with Mr Raymond Lum Kwan Sung ("Mr Lum"), the Chairman of the Board, has reviewed and considered Mr Leow's qualifications, extensive expertise in corporate finance and banking, the independent and responsible roles he has held both professionally and in social and sporting associations and networks, his written assurances as to his independence, and his relatively distant familial relationship to Mr Lum, concurs with the recommendation of the Nominating Committee that his ability to exercise his independent business judgement with a view to the best interests of the listed issuer will not be adversely influenced.

The Board of Directors is therefore of the view that Mr Leow has adequate knowledge of the business of the Company and is suitable to be appointed as an Independent Non-Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Independent Non-Executive Director. To be appointed as a member of the Audit and Risk Committee.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nephew (by marriage) of Mr Raymond Lum Kwan Sung, Executive Chairman and substantial shareholder of the listed issuer.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
(1) Crowe Horwath Capital Pte Ltd - Chief Executive Officer (Corporate Finance) (March 2017 to Present)
(2) Partners Capital (Singapore) Pte Ltd - Partner (Head of Corporate Finance) (June 2009 to March 2017)
(3) Phillip Securities Pte Ltd - Managing Director (Corporate Finance Group) (November 2006 to May 2009)
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 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)
JB Foods Limited
Present
(1) Crowe Horwath Capital Pte Ltd
(2) Ellipsiz Ltd
(3) Overseas Education Limited
(4) MSM International Limited
(5) Grand Team Technologies 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 a listed company?
Yes
If Yes, Please provide details of prior experience
Mr Leow is currently a director of the following companies listed on the SGX:
(1) MSM International Limited
(2) Ellipsiz Ltd
(3) Overseas Education Limited

Attachments

LCH_Appointment_of_Independent_Non-Executive_Director_Clement_Leow.pdf
Total size =97K