Change - Announcement of Appointment::APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
ADDVALUE TECHNOLOGIES LTD
Securities
ADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Sep-2021 18:38:56
Status
New
Announcement Sub Title
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG210929OTHR688G
Submitted By (Co./ Ind. Name)
DR COLIN CHAN KUM LOK
Designation
CHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below)
The resolution to appoint Mr Wong Ming Ghee, Bernard as a Director of the Company at the Annual General Meeting has been passed on 29 September 2021.

Additional Details

Date Of Appointment
29/09/2021
Name Of Person
WONG MING GHEE, BERNARD
Age
63
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 accepted the recommendation of its Numeration Committee to appoint Mr Wong as an Independent Director of the Company is of the opinion that Mr Wong will bring with him considerable experience, expertise and networking,
particularly on matters concerning succession plans of key personnel, to the Board.
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 Non-Executive Director, Chairman of the Nominating Committee, member of the the Audit Committee and
Remuneration Committee.
Professional qualifications
1. Diploma in Mechanical Engineering from Singapore Polytechnic in 1978.
2. Bachelor of Science (Hons.) degree in Mechanical Engineering from University of Strathclyde, UK in 1981.
3. Executive MBA from Nanyang Technological University, Singapore in 2014.
4. Certified Executive Coach from Marshall Goldsmith Coaching Program in 2020.
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 Wong was the Asia Pacific Region Head of The Lubnzol Corporation for 10 years before his retirement in 2018. Against a career spanning 36 years with Mobil, BP and Lubrizol, with 19 years based in the PRC, Mr Wong carried with him a vast experience in the petroleum and chemicals industries with focus on Asia Pacific. His areas of expertise include business leadership (particularly in navigating the Chinese markets), corporate strategic planning and development, integrational change management as well as sales and marketing.
Mr Wong current occupations are listed below under the captioned Other Principal Commitment including Directorship .
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?
Yes
Shareholding Details
Direct interest: 2,000,000 ordinary shares in the Company
Deemed interest: 2,000,000 ordinary shares in the Company
# 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)
From Nov 2020 to Sep 2021, Mr Wong was the Executive Director of Asian Lubricants Industry Association, Singapore.
From 2008 to 2018, Mr Wong was the Vice President (Asia Pacific) of The Lubrizol Corporation, Shanghai, PRC.
Present
The present principal commitments of Mr Wong are:
1. CEO Coach, Vistage Singapore, a private advisory board for CEOs, executives and business owners.
2. Director of Fermatics (Pte) Ltd, Singapore, a start-up venture forged between A*Star and Hafnium Hafaway in 2019.
3. Senior Advisor/Operating Director, Hafnium Hafaway PE Investment & Advisory, Singapore.
4. Associate, Decision Processes International (DPI) Asia, Singapore, which specializes in critical thinking processes that help organizations transform the way they conduct their businesses.
(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 Wong will attend an online training course for new director concerning the roles and responsibilities of a director of a listed issuer as prescribed by the SGX-ST.