Change - Announcement of Appointment::APPOINTMENT OF MANAGER OF SUBSIDIARY WHO IS A RELATIVE OF A DIRECTOR, CEO OR SUBSTANTIAL SHAREHOLDER

Issuer & Securities

Issuer/ Manager
HTL INTERNATIONAL HOLDINGS LIMITED
Securities
HTL INT'L HOLDINGS LIMITED - SG1A48000743 - H64
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
27-Jan-2015 18:10:31
Status
New
Announcement Sub Title
APPOINTMENT OF MANAGER OF SUBSIDIARY WHO IS A RELATIVE OF A DIRECTOR, CEO OR SUBSTANTIAL SHAREHOLDER
Announcement Reference
SG150127OTHRGYX0
Submitted By (Co./ Ind. Name)
Jacqueline Loke
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Promotion of Phua Boon Huat to General Manager, Europe of HTL Manufacturing Pte Ltd, a subsidiary of the Company.

Additional Details

Date Of Appointment
01/01/2015
Name Of Person
Phua Boon Huat
Age
34
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
In order to strengthen the Group's sales network in Europe and the operational management of the Group's Europe sales offices, Management has proposed that a new position of "General Manager, Europe" be created within HTL Manufacturing Pte Ltd to manage commercial activities in the European market.

The key functions of the General Manager, Europe will be driving sofa sales performance in Europe as well as overseeing the Group's sales offices in the region.

Phua Boon Huat has worked in the Group since 2007 and was in November 2013 promoted to the role of Senior Manager, Strategic Planning, in which capacity he has been involved in strategic planning and the implementation of key initiatives in the areas of foreign exchange analysis and hedging, freight negotiation, as well as management of the Group's key customer accounts and business development in the European market. He continues to perform his responsibilities in foreign exchange analysis and hedging and freight negotiation in his new role as General Manager, Europe.

Having regard to Mr. Phua's past experience in the sofa industry in Europe, the Board is of the view that he is a suitable candidate for the role of General Manager, Europe.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. Phua Boon Huat will be responsible for managing the Group's sofa sales in the European markets as well as overseeing the sales offices in the region.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
General Manager, Europe of HTL Manufacturing Pte Ltd
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Phua Boon Huat is the son of Deputy Group Chairman, Phua Yong Sin, and the nephew of Group Chairman, Phua Yong Pin and Group Managing Director, Phua Yong Tat. Phua Yong Sin, Phua Yong Pin and Phua Yong Tat are directors of and substantial shareholders in the Company.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
November 2013 to December 2014
Senior Manager, Strategic Planning, HTL Manufacturing Pte Ltd

January 2013 to November 2013
Regional Sales Manager, HTL Manufacturing Pte Ltd

January 2011 to December 2012
Merchandising & Direct Sales Manager, HTL Manufacturing Pte Ltd

January 2010 to December 2011
Assistant Manager, Merchandising & Direct Sales, HTL Manufacturing Pte Ltd

January 2009 to December 2009
Assistant Manager, Account Services, HTL Manufacturing Pte Ltd

September 2007 to December 2008
Executive, Account Services, HTL Manufacturing Pte Ltd

June 2007 to September 2007
Executive, Corporate Services, HTL Manufacturing Pte Ltd

July 2006 to June 2007
Administrative Officer, National University of Singapore

October 2014 to Present
Honorary Treasurer, Singapore Furniture Industries Council

2012 to October 2014
Honorary Secretary, Singapore Furniture Industries Council

2010 to 2012
Assistant Honorary Treasurer, Singapore Furniture Industries Council
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
26,000 shares in HTL International Holdings Limited
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)
NA
Present
NA
(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
NA