Change - Announcement of Appointment::Appointment of Non-independent Non-executive Director

Issuer & Securities

Issuer/ Manager
CORDLIFE GROUP LIMITED
Securities
CORDLIFE GROUP LIMITED - SG2E64980112 - P8A
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-Jan-2019 17:15:01
Status
New
Announcement Sub Title
Appointment of Non-independent Non-executive Director
Announcement Reference
SG190118OTHR5IL0
Submitted By (Co./ Ind. Name)
Dr Goh Jin Hian
Designation
Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Fong Chi Wah as a Non-independent Non-executive Director

Additional Details

Date Of Appointment
18/01/2019
Name Of Person
FONG CHI WAH
Age
56
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board, having considered the recommendation of the Nominating Committee and assessed Mr Fong Chi Wah's qualification and experience, is of the view that he has the requisite experience and capability to assume the duties and responsibilities of a Non-independent Non-executive Director.
Whether appointment is executive, and if so, the area of responsibility
Non-independent Non-executive Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-independent Non-executive Director
Professional qualifications
1. Certified Public Accountant, Australia
2. Chartered Financial Analyst, US
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer 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
1. Citychamp Watch & Jewellery Group Limited - CFO and Company Secretary since September 2004;
2. Bendura Bank Liechtenstein - Director since September 2016; and
3. China Youzan Limited - Independent Non-executive Director since 19 December 2003.
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. Real Nutriceutical Group Limited; and
2. National Investment Fund Limited
Present
1. Bendura Bank
2. Chart Victory Limited
3. China Youzan Limited
4. Chun Mei International Limited
5. The Dreyfuss Group Ltd.
6. Eterna AG Uhrenfabrik
7. Eterna (Asia) Limited
8. Everbright (HK) Holdings Co., Limited
9. Everbright Pelico (HK) Co., Limited
10. FM China Fund Limited
11. Joyful Surplus International Limited
12. Lingnan Club
13. Lingnan Education
14. Rotary Watches 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?
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. China Youzan Limited (HKEX: 8083) - Independent Non-executive Director since 19 December 2003.
2. Real Nutriceutical Group Limited (HKEX: 2010) - Independent Non-executive Director from March 2005 to August 2018.
3. National Investments Fund Limited (HKEX: 1227) - Executive Director from November 2005 to August 2018.
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)
Mr Fong has many years of experience serving as Executive Director and Independent Director of public listed companies listed on the Hong Kong Stock Exchange.