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

Issuer & Securities

Issuer/ Manager
USP GROUP LIMITED
Securities
USP GROUP LIMITED - SG1CH0000007 - BRS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
20-Feb-2020 21:53:38
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG200220OTHRX9SQ
Submitted By (Co./ Ind. Name)
Tanoto Sau Ian
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Non-Executive Director.

Additional Details

Date Of Appointment
20/02/2020
Name Of Person
Tan Wee Peng Kelvin
Age
56
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Not applicable. The appointment of Director was approved by the shareholders of the Company at Extraordinary General Meeting held on 20 February 2020.The Board had subsequently convened a Directors' Meeting and resolved the composition of the respective board committees.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent and Non-Executive Director, AC Chairman and member of RC.
Professional qualifications
Bachelor of Accountancy (First Class Honours) from National University of Singapore in 1987
Master of Business Administration from National University of Singapore
Programme for Management Development from Harvard Business School
Member, Singapore Institute of Directors
Member, Institute of Management Consultants (Singapore)
Fellow of Institute of Singapore Chartered Accountants
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
From February 2008 to 2014

Mr Tan Wee Peng Kelvin was Managing Director of GBE Holdings Pte. Ltd.

From 2016 to Present

Mr Tan is an Adjunct Associate Professor with the National University of Singapore Business School.
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)
1) WE Holdings Ltd
2) Shanghai Turbo Enterprises
3) Transcorp Holdings Limited
Present
1) IREIT Global Group Pte Ltd
2) Global Investments Limited
3) Unusual Ltd
4) Viking Offshore and Marine
Limited
5) Cloud.Com Pte. Ltd.
6) Sabana Real Estate Investment Pte. Ltd.
7) Eagle Hospitality REIT Management Pte. Ltd.
8) Eagle Hospitality Business Trust Management Pte. Ltd.
9) Institute of Singapore Chartered Accountants Pte. Ltd.
10) Association of Taxation Technicians (S) Limited
11) Adjunct Associate Professor, NUS Business School
12) YK Management Pte Ltd
13) Orient Straits Fund II-D
(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?
Yes
If Yes, Please provide details of prior experience
1) IREIT Global Group Pte Ltd
2) Sabana Real Estate Investment Management Pte Ltd
3) Unusual Limited
4) Viking Offshore and Marine Limited
5) Global Investments Limited
6) Eagle Hospitality REIT