Change - Announcement of Appointment::ANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
SAPPHIRE CORPORATION LIMITED
Securities
SAPPHIRE CORPORATION LIMITED - SG1CG4000005 - BRD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Mar-2016 18:53:23
Status
New
Announcement Sub Title
ANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE DIRECTOR
Announcement Reference
SG160316OTHRZ2DF
Submitted By (Co./ Ind. Name)
Gwendolyn Gn Jong Yuh
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
ANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE DIRECTOR

Additional Details

Date Of Appointment
16/03/2016
Name Of Person
Cheung Wai Suen
Age
55
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Cheung Wai Suen ("Mr Cheung") joined Ranken Railway Construction Group Co., Ltd ("Ranken") in 1999 and is an Executive Director of Ranken. He has more than 30 years of experience in the civil engineering sector and has built a significant business network, particularly in regard to the development and management of civil engineering and construction business in China.

Considering his profile and extensive experience in the infrastructure industry, Mr Cheung's appointment is highly relevant to the Company's growth strategies in its infrastructure business, going forward.

Based on the above rationale, the Board of Directors, having considered the Nominating Committee's recommendations as well as Mr Cheung's qualifications and working experience, have approved the appointment of Mr Cheung as an Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive and Mr Cheung will continue to serve as an Executive Director of Ranken.

His area of responsibility includes strategic planning for overseas expansion, overseeing key operational matters and marketing strategies, as well as formulating the overall corporate and investment strategies of Ranken.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Familial relationship with any director 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
1999 to present: Executive Director of Ranken Railway Construction Group Co., Ltd
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Cheung holds 2.41% of Best Feast Limited, which holds 55,000,000 shares in (representing 16.89% of the total issued share capital of) Sapphire Corporation Limited. Thus, Mr Cheung has an effective interest of 0.4% or 1,325,500 shares in the share capital of Sapphire Corporation Limited.

Mr Cheung also owns a 2% direct interest in Chengdu Kai Qi Rui Business Management Co., Ltd, a subsidiary of the Group.
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)
-
Present
Executive Director of Ranken Railway Construction Group Co., Ltd

Executive Director of Best Feast Limited

Executive Director of Chengdu Kai Qi Rui Business Management Co., 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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
Mr Cheung will be attending training courses to familiarize himself with his role and responsibilities as a director of a public listed company