Change - Announcement of Appointment::APPOINTMENT OF GROUP CHIEF CORPORATE OFFICER AND CHIEF OPERATING OFFICER (EDUCATION DIVISION)

Issuer & Securities

Issuer/ Manager
CHIP ENG SENG CORPORATION LTD.
Securities
CHIPENGSENG S$125M4.9%N220519 - SG7BC0000007 - 6X7B
CHIP ENG SENG CORPORATION LTD - SG1H36875612 - C29
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
17-Jan-2022 23:55:01
Status
New
Announcement Sub Title
APPOINTMENT OF GROUP CHIEF CORPORATE OFFICER AND CHIEF OPERATING OFFICER (EDUCATION DIVISION)
Announcement Reference
SG220117OTHRX7ET
Submitted By (Co./ Ind. Name)
Chia Lee Meng Raymond
Designation
Executive Director and Group Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of (1) Group Chief Corporate Officer, and (2) Chief Operating Officer of the Group's education division.

Additional Details

Date Of Appointment
17/01/2022
Name Of Person
Law Cheong Yan ("Mr Law")
Age
50
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Law joined the Group as Group Chief Financial Officer ("Group CFO") in August 2013.

Since 2018, the Group has expanded its scope of businesses to include education, infrastructure and civil engineering, water solutions, mechanical and electrical services and 3D-printing services.

The Board has considered the following: (i) the needs of the Group in view of the enlarged scope of businesses, (ii)
continuing efforts to strengthen the Group's leadership team, (iii) succession planning objectives, (iv) Mr Law's qualifications and experience, and (v) recommendations of the Nominating Committee. The Board is accordingly of the view that Mr Law, the incumbent Group CFO, has the requisite track record, experience and capability to assume the responsibilities as Group Chief Corporate Officer ("Group CCO") and Chief Operating Officer ("COO") of the Group's education division. Mr Kenny Yong Shan Siong will succeed Mr Law as Group CFO.

The details relating to the appointment of Mr Kenny Yong Shan Siong as Group CFO as required under Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited are set out in a separate announcement.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. As Group CCO, Mr Law will be managing the Group's mergers and acquisitions, investments, corporate exercises, and functions relating to information technology, payroll and risk management. He will also jointly manage the fund-raising and treasury functions of the Group with the Group CFO. As COO of the Group's education division, Mr Law will oversee its businesses and day-to-day operations which include human resources, finance, marketing and business development.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Corporate Officer and Chief Operating Officer (Education Division)
Professional qualifications
(1) A member of ISCA and CPA Australia (2) Bachelor of Accountancy (Hons) degree from Nanyang Technological University
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2013 to current: Group CFO of Chip Eng Seng Corporation Ltd.

2009 to 2013: Vice President of A-Sonic Logistics (USA), Inc.
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
Mr Law holds 4,000 ordinary shares of the listed issuer.
# 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)
Please see attached Appendix A.
Present
Please see attached Appendix A.
(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
N/A

Attachments

Appendix A.pdf
Total size =80K