Change - Announcement of Appointment::Appointment of Non-Independent and Non-Executive Director - Mr Vincent Chan Chun Hung

Issuer & Securities

Issuer/ Manager
MEMORIES GROUP LIMITED
Securities
MEMORIES GROUP LIMITED - SG1EB7000009 - 1H4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Jan-2019 17:17:24
Status
New
Announcement Sub Title
Appointment of Non-Independent and Non-Executive Director - Mr Vincent Chan Chun Hung
Announcement Reference
SG190130OTHR9ILQ
Submitted By (Co./ Ind. Name)
Serge Pun
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Announcement on the appointment of Non-Independent and Non-Executive Director, Mr Vincent Chan Chun Hung.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's continuing sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, and E-mail: sponsorship@ppcf.com.sg.

Additional Details

Date Of Appointment
01/02/2019
Name Of Person
Vincent Chan Chun Hung
Age
55
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors has reviewed and considered the qualifications and relevant experience of Mr Vincent Chan Chun Hung ("Mr Chan"), and upon the recommendation of the Nominating Committee, has approved the appointment of Mr Vincent Chan Chung Hung as a Non-Independent and Non-Executive 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.)
Non-Independent and Non-Executive Director.
Professional qualifications
CFA, the Institute of Chartered Financial Analyst
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No.

Mr Vincent Chan Chun Hung represents the interest of Samena Mandalay Holdings, which holds a 28.1% shareholding of Memories Group Limited.
Conflict of interests (including any competing business)
No.
Working experience and occupation(s) during the past 10 years
Jan 2016 - Present
Senior Managing Director of Samena Capital Hong Kong Ltd.

Nov 2007 - Dec 2015
Chief Executive Officer and Co-Founder of Spring Capital Hong Kong
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)
Principal Commitment:
Chief Executive Officer and Co-Founder of Spring Capital Hong Kong
Present
HKU SPACE
Hong Kong Foundation for University of Manchester Ltd.
Hong Kong Venture Capital and Private Equity Association Limited
Internet Professional Association
K&L Win Investment Holding Company Ltd.
Monte Jade Science & Technology Association of Hong Kong Ltd.
Samena Capital
Samena Capital Hong Kong Ltd.
Samena General Partner III Ltd.
Samena Groceries Holdings
Samena Healthcare Holdings
Samena Mandalay Holdings
Samena School Holdings
Shanghai Insuring Polymer Material Company Ltd.
Spring Capital Asia Fund GP, Ltd.
The Hong Kong Independent Non-Executive Director Association Ltd.
Virtus Medical Holdings Ltd.
Wheel Fortune Invests Ltd.
Principal Commitment:
Senior Managing Director of Samena Capital Hong Kong Ltd.
(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
The Company will arrange for Mr Vincent Chan Chung Hung to attend relevant briefings and trainings in the roles and responsibilities of a director of a Singapore Public Listed Company as prescribed by the Exchange.

Attachments