Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
HEATEC JIETONG HOLDINGS LTD.
Securities
HEATEC JIETONG HOLDINGS LTD. - SG1Y31945526 - 5OR
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
17-Apr-2017 23:09:54
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG170417OTHR88ET
Submitted By (Co./ Ind. Name)
Soon Jeffrey
Designation
Executive Director & Chief Executive Officer
Effective Date and Time of the event
17/04/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Director who is the Chairman of the Audit Committee and a member of the Remuneration Committee and the Nominating Committee

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), for compliance with the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The 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 notice, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
17/04/2017
Name Of Person
Anthony Ang Meng Huat
Age
62
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The nomination of Mr. Anthory Ang Meng Huat ("Mr. Ang") as an Independent Director was duly reviewed by the Company's Nominating Committee and Board of Directors (the "Board"). During the nomination process, the Nominating Committee has taken into account Mr. Ang's qualifications and work experience. The Board, with the recommendations of the Nominating Committee, is of the view that Mr. Ang's appointment as a director of the Company will enhance the core competencies of the Board and will be beneficial to the Board and the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee and member of the Remuneration Committee and the Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
February 2003 - December 2005
Executive Director of Majulah Connection Limited

February 2006 - February 2010
Director of Administration and Business Development, ARA Asset Management Pte. Ltd.

March 2007 - March 2010
CEO of ARA Asia Dragon Fund

March 2010 - January 2015
CEO of ARA Asset Management (Fortune) Limited, the manager of Fortune Real Estate Investment Trust ("Fortune REIT")

March 2010 - December 2016
Executive Director of ARA Asset Management (Fortune) Limited, the manager of Fortune REIT

September 2016 - Present
Ambassador Extraordinary and Plenipotentiary of the Republic of Singapore to the Republic of Tunisia, Ministry of Foreign Affairs
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
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)
Please refer to Appendix A
Present
Please refer to Appendix A
(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
Yes
If Yes, Please provide full details
Mr. Ang was an independent director and chairman of the audit committee of E3 Holdings Limited ("E3") before it was delisted from the SGX-ST on 31 May 2011. In 2008, the then audit committee of E3 (spearheaded by Mr. Ang, who was then the chairman of the audit committee of E3) commissioned a special audit due to suspected fraud for investments in China. Following the findings, the SGX-ST conducted a review of the matters and issued a reprimand against six of its then directors for breaches of the SGX-ST listing rules and failures of corporate governance. Please refer also the announcements by E3 dated 9 February 2010, 30 April 2010, 20 May 2010, 14 June 2010, 16 January 2011, 13 April 2011, 17 April 2011 and 6 May 2011 for more details. For avoidance of doubt, Mr Ang was not the subject of the reprimand issued by the SGX-ST. Following the delisting of E3, Mr. Ang was subsequently appointed to the board of two more listed companies on the SGX-ST as independent director in 2015 and 2016.
(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?
Yes
If Yes, Please provide details of prior experience
1. August 2005 - November 2015: Independent Director of E3 Holdings Limited (delisted on 31 May 2011)

2. March 2010 - January 2017: Executive Director of ARA Asset Management (Fortune) Limited, manager of Fortune REIT

3. November 1994 - March 2014: Independent Director of Armstrong Industrial Corporation Ltd. (delisted on 6 January 2014)

4. January 2015 - Present: Independent Director of IPS Securex Holdings Limited

5. May 2015 - Present: Independent Director of Europtronic Group Ltd.

6. January 2016 - Present: Independent Director of Yong Tai Berhad

Attachments

Appendix A.pdf
Total size =20K