Change - Announcement of Appointment::Appointment of Group Managing Director

Issuer & Securities

Issuer/ Manager
FU YU CORPORATION LIMITED
Securities
FU YU CORPORATION LTD - SG1B56010922 - F13
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
02-Aug-2021 18:23:49
Status
New
Announcement Sub Title
Appointment of Group Managing Director
Announcement Reference
SG210802OTHRNO3S
Submitted By (Co./ Ind. Name)
Kong Wei Fung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Seow Jun Hao David ("Mr David Seow") as Group Managing Director of the Company

Additional Details

Date Of Appointment
02/08/2021
Name Of Person
Mr Seow Jun Hao David
Age
36
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
27/04/2021
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr David Seow is presently Executive Director of the Company. The Board of Directors (excluding Mr David Seow who has abstained from deliberating and voting on this matter) after having considered among others, the recommendation of the Nominating Committee, the credentials, working experiences and suitability of Mr David Seow, is satisfied that he is qualified and competent for the role of Group Managing Director. Accordingly, the Board approved his appointment as Group Managing Director.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr David Seow will be responsible to develop and formulate the overall direction, goals and strategies of the Group. He will work with senior management on the execution of the Group's strategies, and also to enhance operational efficiency and processes.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Managing Director
Professional qualifications
Bachelor of Economics, 2nd Major in Finance - Singapore Management University
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Mr David Seow was Vice President, Structured Trade & Commodity Finance of Societe Generale, Singapore Branch from 2011 to 2020. Mr David Seow is the Managing Partner of Noir Asia Pte. Ltd., a post which he assumed from May 2020. He also serves as a Director for Social Capital Partners 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
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
1. Societe Generale, Singapore Branch
2. Navitas Commodities Pte Ltd
Present
Directorships:
1. Noir Asia Pte. Ltd.
2. Social Capital Partners Pte Ltd
3. Fu Yu Investment Pte. Ltd.
4. Fu Yu Ventures Pte. Ltd.
5. LCTH Corporation Sdn Bhd
6. Classic Advantage Sdn Bhd
7. Fu Hao Manufacturing (M) Sdn Bhd
8. Fu Yu Moulding & Tooling (Suzhou) Co., Ltd.
9. Fu Yu Moulding & Tooling (Dongguan) Co., Ltd.
10. Fu Yu Moulding & Tooling (Zhuhai) Co., Ltd.
11. Fu Yu Moulding & Tooling (Shanghai) Co., Ltd. (ceased manufacturing operations)
12. Fu Yu Moulding & Tooling (Chongqing) Co., Ltd. (ceased manufacturing operations)
13. Avantgarde Enterprise Pte. Ltd.

Other Principal Commitment:
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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr David Seow is currently Executive Director of the Company
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