Change - Announcement of Appointment::Appointment of Independent Director

Issuer & Securities

Issuer/ Manager
LUXKING GROUP HOLDINGS LIMITED
Securities
LUXKING GROUP HOLDINGS LIMITED - BMG570141058 - BKK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
09-Sep-2019 18:52:55
Status
New
Announcement Sub Title
Appointment of Independent Director
Announcement Reference
SG190909OTHR0O42
Submitted By (Co./ Ind. Name)
Leung Chee Kwong
Designation
Executive Chairman and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Director

Additional Details

Date Of Appointment
09/09/2019
Name Of Person
Er Kwong Wah
Age
73
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
As part of the Board refresher process, the Board of Directors has considered among others, the recommendation of the Nominating Committee and the qualifications, experiences and suitability of Mr Er Kwong Wah, approved the appointment of Mr Er as an Independent Director of 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 of the Company.
Professional qualifications
- Bachelor degree in Applied Science with Honours in Electrical Engineering from the University of Toronto, Canada
- MBA from Manchester Business School, University of Manchester
- Colombo Plan and Bank of Tokyo Scholar
- Fellow, Institution of Engineers, Singapore
- Fellow, Chartered Institue of Marketing, United Kingdom
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
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
Executive Director, East Asia Institute of Management (2001 to 2016)
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)
1. Firstlink Investments Corporation Limited
2. Glopeak Land Pte Ltd
3. Singatronics Investment Pte Ltd
4. Firstlink Energy Pte Ltd
5. Glopeak Properties and Hotels Pte Ltd
6. Exquisite Concierge Pte Ltd
7. Infinity Capital Partners (S) Pte Ltd
8. GKE Corporation Limited
9. East Asia Institute Management Pte Ltd
10. China Environment Ltd
11. Firstlink Capital Pte Ltd
12. Firstlink Investment Advisory Pte Ltd
13. China Dongyuan Environment Pte Ltd
14. Keluarga International Pte Ltd
15. Success Dragon International Holdings Ltd
16. Unidux Electronics Ltd
17. Hartawan Holdings Ltd
18. China Oilfield Technology Services Group Ltd
19. Raffles Institution (S) Pte Ltd
20. Raffles Junior College (S) Pte Ltd
21. Tsao Foundation
22. China Sky Chemical Fiber Co., Ltd
Present
1. CFM Holdings Limited
2. Chaswood Resources Holdings Ltd
3. Cosco Shipping International (Singapore) Co., Ltd
4. Ecowise Holdings Limited
5. The Place Holdings Limited
6. The Thai Prime Fund Limited (Unlisted)
7. China Essence Group Ltd (delisted)
8. USP Group Limited
(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?
Yes
If Yes, Please provide full details
Mr Er Kwong Wah is an independent non-executive director of China Sky Chemical Fiber Co., Ltd of which has been placed under the judicial management of a judicial manager pursuant to an order to be made by the Court under Section 227B and the provisions of Part VIIIA of the Companies Act.
(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
In 2011, China Sky Chemical Fibre Co., Ltd, where he was an Independent Non-Executive Director, was directed by SGX to engage a Special Audit to investigate the company on issues related to interested party transaction, high cost of equipment maintenance, and the purchase of a piece of land.
(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?
Yes
If Yes, Please provide full details
The whole Board of Directors, including Mr Er Kwong Wah was reprimanded by SGX on 16 December 2011 and was subsequently placed in the Director Watchlist due to certain non-compliance of SGX's directives by China Sky Chemical Fiber Co., Ltd. Mr Er Kwong Wah was an independent non-executive director. The non-compliance concerned the appointment of a Special Auditor.

Mr Er Kwong Wah has subsequently been removed from the Director Watchlist by SGX on 24 July 2018.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
1. CFM Holdings Limited
2. Chaswood Resources Holdings Ltd
3. Cosco Shipping International (Singapore) Co., Ltd
4. Ecowise Holdings Limited
5. The Place Holdings Limited
6. China Essence Group Ltd
7. China Sky Chemical Fiber Co., Ltd
8. USP Group Limited