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

Issuer & Securities

Issuer/ Manager
SAKAE HOLDINGS LTD.
Securities
SAKAE HOLDINGS LTD. - SG1O42912715 - 5DO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
18-Oct-2019 17:53:02
Status
New
Announcement Sub Title
Appointment of Non-Executive and Independent Director
Announcement Reference
SG191018OTHR1TL1
Submitted By (Co./ Ind. Name)
Shu Kwan Chyuan
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Sakae Holdings Ltd. (the "Company" and together with its subsidiaries, the "Group") is pleased to announce the appointment of Mr Ngoh York Chao Nicholas ("Mr Ngoh") as Non-Executive and Independent Director of the Company with effect from 18 October 2019. Mr Ngoh has also been appointed as Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee effective 18 October 2019.

Additional Details

Date Of Appointment
18/10/2019
Name Of Person
Ngoh York Chao Nicholas
Age
37
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors of Sakae Holdings Ltd. (the "Company") having reviewed and considered the qualification and working experiences of Mr Ngoh, has unanimously approved the appointment of Mr Ngoh as Non-Executive and Independent Director of the Company.
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 Director, Chairman of the Nominating Committee, a member of the Audit Committee and Remuneration Committee.
Professional qualifications
LLB (Hons)
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)
Mr Ngoh is an employee of the Singapore Manufacturing Federation ("SMF"), of which, Mr Douglas Foo, Chairman of Sakae Holdings Ltd. is a volunteer holding the title of President of SMF. However, Mr Ngoh does not report to the President.
Working experience and occupation(s) during the past 10 years
September 2008 - February 2012
Attorney-General's Chambers
Positions Held:
- Deputy Public Prosecutor/State Counsel
- Assistant Public Prosecutor

February 2012 - December 2014
Ministry of Manpower Singapore (Seconded from the Legal Service Commission)
Position Held: Senior Prosecuting Officer

December 2014 - June 2018
Accounting & Corporate Regulatory Authority of Singapore (Seconded from the Legal Service Commission)
Positions Held:
- Assistant Director & Prosecuting Counsel
- Head, Training and Development Department

July 2018 - November 2018
Optimus Chambers LLC
Positions Held:
Director - Criminal Law Practice & Corporate Governance Advisory Matters

December 2018 - Present
Singapore Manufacturing Federation
Positions held:
- Principal Legal Counsel
- Director, Corporate & Council Affairs
- Director, Membership & Industry Groups
- Director, Operations, SPMCC Pte Ltd
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)
Nil
Present
Nil
(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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Mr Ngoh will undertake training offered by the Singapore Institute of Directors within 6 months of being appointed as Director of the Company.