Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
SHENG SIONG GROUP LTD.
Securities
SHENG SIONG GROUP LTD - SG2D54973185 - OV8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
22-Dec-2021 08:05:21
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG211222OTHR6EHZ
Submitted By (Co./ Ind. Name)
Lim Hock Chee
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Director

Additional Details

Date Of Appointment
22/12/2021
Name Of Person
Tan Huay Lim
Age
65
Country Of Principal Residence
Singapore
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. Tan Huay Lim's ("Mr. Tan") qualification, capabilities and working experience, is of the view that Mr. Tan has the requisite experience and capabilities to assume the duties and responsibilities of the Independent Director.
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 Audit Committee and a member of the Nominating Committee and Remuneration Committee
Professional qualifications
Bachelor of Commerce in Accountancy from Nanyang University of Singapore, Fellow Member of the Institute of Singapore Chartered Accountants, the Association of Chartered Certified Accountants (United Kingdom) and the Certified Practising Accountants (Australia).
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Mr. Tan has more than 30 years of experience in audit, accounting and finance. He served as a partner at KPMG Singapore for 23 years until his retirement in September 2015.
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)
Hong Leong Asia Ltd.
Singapore Hokkien Huay Kuan
Ren Ci Hospital
Xihe Holdings (Pte) Ltd (under judicial management since 13 November 2020)
Xihe Capital (Pte) Ltd. (in liquidation pursuant to a members' voluntary winding up since 22 October 2020)
ASL Marine Holdings Ltd
Present
Zheneng Jinjiang Environment Holding Company Limited (A)
Dasin Retail Trust Management Pte. Ltd. (The Manager of Dasin Retail Trust (A) , a Business Trust)
Elite Commercial REIT Management Pte. Ltd. (The Manager of Elite Commercial REIT (A))
Koufu Group Limited (A)
Linklogis Inc. (B)
SF REIT Asset Management Limited (The Manager of SF Real Estate Investment Trust (B)
Green Link Digital Bank Pte. Ltd.

(A) Listed on Singapore Stock Exchange
(B) Listed on Hong Kong Stock Exchange
(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?
Yes
If Yes, Please provide full details
Mr Tan was (i) a director from 1 July 2020 to 28 August 2020 for Xihe Holdings (Pte) Ltd., an investment holding company incorporated in Singapore, which was placed under interim judicial management on 13 August 2020 and under judicial management on 13 November 2020; and (ii) a director from 1 July 2020 to 28 August 2020 of Xihe Capital (Pte) Ltd., an investment holding company incorporated in Singapore, which has been placed in liquidation pursuant to a members' voluntary winding up since 22 October 2020.
(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
Yes
If Yes, Please provide full details
On 23 March 2009, Mr. Tan was interviewed by the Commercial Affairs Department ("CAD") in his capacity as a member of the Management Committee of Ren Ci Hospital & Medical Centre ("RCHMC") in connection with CAD's investigations in the affairs of RCHMC. For avoidance of doubt, Mr. Tan was not the subject of the foregoing investigations and following the interview, Mr. Tan has not been required by the CAD to provide any further assistance in the matter for which he was interviewed. RCHMC, which was registered as a society under the Societies Act, Chapter 311 of Singapore, was voluntarily dissolved on 31 March 2013.
(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
Present directorship in company listed on Singapore Stock Exchange:
Zheneng Jinjiang Environment Holding Company Limited
Dasin Retail Trust Management Pte. Ltd., the Trustee Manager of Dasin Retail Trust, a Business Trust)
Elite Commercial REIT Management Pte. Ltd. (The Manager of Elite Commercial REIT)
Koufu Group 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)
Not applicable