Change - Announcement of Appointment::Appointment of Executive Director and Relinquishment of Acting Chief Executive Officer
Issuer & Securities
IMPERIUM CROWN LIMITED
IMPERIUM CROWN LIMITED - SG1S82928544 - 5HT
Change - Announcement of Appointment
Date &Time of Broadcast
Announcement Sub Title
Appointment of Executive Director and Relinquishment of Acting Chief Executive Officer
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Tan Keng Keat as Executive Director and relinquishment as Acting Chief Executive Officer of the Company.
This announcement has been prepared by the Company and its contents have been reviewed by the Company's continuing sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Company's Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Bernard Lui
Telephone number: (65) 6389 3000
Email address: firstname.lastname@example.org
Date Of Appointment
Name Of Person
Tan Keng Keat
Country Of Principal Residence
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Tan Keng Keat joined the Company as CFO on 13 October 2016 and was appointed as Acting CEO on 24 January 2018. The Nominating Committee reviewed the proposed appointment of Mr Tan as Executive Director of the Company ("ED"), taking into consideration the feedback of the Board on its composition and size, and that a diverse Board would enhance its strength and performance. Subsequently, the Board reviewed and assessed Mr Tan's educational background, professional qualification, skillset and qualities. It deliberated its existing composition and size, and that a diverse Board with an appropriate mix of expertise with complementary skills, competencies and experiences would facilitate effective decision making. Mr Tan is considered by the Board as possessing extensive business and industry experience, and financial literacy accompanied by his involvement and familiarity of the Group's business operations that can complement the existing Board. It is satisfied that Mr Tan is able to devote greater attention and focus on the business development activities and capital management strategy as well as contribute significantly to the sustainable development of the Group, and has approved his appointment as ED. The Board noted that Mr Tan will relinquish his position as Acting CEO following his appointment as ED and will continue to be the CFO responsible for the overall financial reporting, compliance to listing requirements and management of the finance functions of the Group.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Tan is responsible for the business development activities and capital management strategy of the Group in his role as ED of the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Financial Officer
Member 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
Conflict of interests (including any competing business)
Working experience and occupation(s) during the past 10 years
2016 to current:
Acting Chief Executive Officer (2018 to 2021) and Chief Financial Officer (2016 to present), Imperium Crown Limited
2014 to 2016: Director, Ethania Pte Ltd
2013 to 2014: Chief Financial Officer, Aquaint Capital Holdings Limited
2010 to 2013: Group Financial Controller, Capital Drilling Limited
2006 to 2010: Chief Financial Officer, China Powerplus Limited
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Shareholding interest in the listed issuer and its subsidiaries?
# 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)
One Room Mansion Limited
Richwood Asia I Investment Limited
Pryel Alliance Pte Ltd
Capital W Pte Ltd
Capital 7 Pte Ltd
Swiss Bullion Corp (Singapore) Private Limited
Art Oasis Pte Ltd
Fabchem China Limited
Global Entertainment Media Pte. Ltd.
WS Global Asset Management Pte. Ltd.
Development West Pty Ltd
Ethania Pte. Ltd.
Potocol Pte. 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?
(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?
(c) Whether there is any unsatisfied judgment against him?
(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?
(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?
(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?
(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?
(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?
(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?
(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
(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
(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
(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?
(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?
Any prior experience as a director of an issuer listed on the Exchange?
If Yes, Please provide details of prior experience
Mr Tan Keng Keat was an Independent Director of Fabchem China Limited
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)