Change - Announcement of Appointment::Appointment of Non-Key Executive Appointment, Interim Administrative Manager

Issuer & Securities

Issuer/ Manager
PINE CAPITAL GROUP LIMITED
Securities
PINE CAPITAL GROUP LIMITED - SG1AA8000008 - ADJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Mar-2019 20:41:23
Status
New
Announcement Sub Title
Appointment of Non-Key Executive Appointment, Interim Administrative Manager
Announcement Reference
SG190326OTHRS62T
Submitted By (Co./ Ind. Name)
Tomi-Jae Wanlun Tjio
Designation
Independent Director and Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Key Executive Appointment, Interim Administrative Manager.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Asian Corporate Advisors Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Sponsor has not independently verified the contents of this announcement, including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Liau H.K.
Telephone number: 6221 0271

Additional Details

Date Of Appointment
26/03/2019
Name Of Person
Jessie Sun May Gze
Age
38
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
With reference to the recent announcements for the cessation of the Interim CEO, search for executive directors, and the Company's current level of executives staffing, the Nominating Committee ("NC") and the Board have considered the need for the appointment of an administrative manager to handle inter-alia the operational matters of the Company.

Accordingly, the NC and the Board, having reviewed, considered, assessed and concluded that Ms Jessie Sun May Gze ("Ms Sun") possesses the requisite qualifications and work experience to carry out her duties as an Interim Administrative Manager of the Company, have accordingly approved the appointment of Ms Sun as an Interim Administrative Manager.

The Board has considered, among other things, her familiarity with the affairs of the Company, having served as Chief Operating Officer previously.

The appointment will be for a period of 3 months, or such further period as determined by the Board pending recruitment of full time executive(s) for the said role.

For the avoidance of doubt, as an executive or representative of the Company, Ms Jessie Sun will not be involved in determining the scope , conduct, direction or findings of the investigations with regards to ACPAM as announced on 21 March 2019.
Whether appointment is executive, and if so, the area of responsibility
The said appointment is a Non-Key Executive appointment. Area of responsibility includes developing and implementing the Group's operating policies, business plans and strategies, overseeing employees and maintaining effective operational systems.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Key Executive Appointment, Interim Administrative Manager
Professional qualifications
Bachelor of Science (Honours) in Psychological Studies (2019)

Professional Certified Behavioral and Career Consultant

Specialist Diploma in Applied Psychology

Diploma in Business, Marketing and Events Management
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
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
2018-2019: Chief Operating Officer, Pine Capital Group Limited, Singapore (past)

2017-2018: Director, Pine Partners Pte. Ltd., Singapore

2014-2017: Manager, One Asia Investment Partners Pte Ltd, Singapore

2012-2013: Legal Assistant, Rajah & Tann LLP, Singapore

2011-2012: Manager, Syonan Marine Services Pte Ltd, Singapore

2003-2017: Co-Founder, Fur Kids, Singapore
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
546,692,300 shares in Pine Capital Group Limited.
# 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)
2014-2017: BSDCN Pte. Ltd.

2014-2018: Thinkbright Consultancy Pte. Ltd.

2017-2018: Pine Partners Pte. Ltd.
Present
1) RES Partners Group Pte. Ltd.

2) BSDSL Pte. Ltd.

3) AACF Liquid Opportunity Fund Pte. Ltd.

4) AACF Investment Grade Bond Fund 1 Pte. Ltd.

5) Sisu Holdings Pte. Ltd.

6) Great Investment Fund Pte. Ltd.

7) Capital Unity Pte. Ltd.

8) Airlements Pte. Ltd.

9) Limit One Pte. Ltd.

10) Beacon(East) Ceylon Pte. Ltd.

11) East Ceylon Management and Development Pte. 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
N.A.