REPL::Change - Announcement of Appointment::APPOINTMENT OF CHIEF OPERATING OFFICER

Issuer & Securities

Issuer/ Manager
ANNICA HOLDINGS LIMITED
Securities
ANNICA HOLDINGS LIMITED - SG1J70891671 - 5AL
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-Jan-2016 22:58:07
Status
Replacement
Announcement Sub Title
APPOINTMENT OF CHIEF OPERATING OFFICER
Announcement Reference
SG160106OTHRHP67
Submitted By (Co./ Ind. Name)
Ong Sing Huat
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Continuing Sponsor, Stamford Corporate Services Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST 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 Bernard Lui:
Telephone number: (65) 6389 3000
Email address: Bernard.lui@morganlewis.com

Additional Details

Date Of Appointment
06/01/2016
Name Of Person
Edwin Sugiarto
Age
51
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr. Edwin Sugiarto ( "Mr. Sugiarto") was appointed as the Company's Chairman and Executive Director on 24 June 2009 and he relinquished his position on 6 January 2016. As part of continuity, the Board, having reviewed and considered Mr. Sugiarto s track record, work experience and contributions, has invited Mr. Sugiarto to continue his services to the Company in the capacity of Chief Operating Officer ("COO"). Upon recommendation by the Nominating Committee and with the Board s approval, Mr. Sugiarto accepted the appointment and assumes the position as the Company's COO, overseeing the day-to-day operations of the Group, on 6 January 2016.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr. Sugiarto will be responsible for all day-to-day operations of the Group.

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Operating Officer
Familial relationship with any director 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
Annica Holdings Limited: 2009 to 2015 - Chairman and Executive Director
Chaswood Resources Holdings Ltd (formerly known as Asia Silk Holdings Limited): 2010 to 2012 - Non-Independent Non-Executive Chairman
2005 to 2009 - Businessman
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Annica Holdings Limited - 108,269,800 shares (Direct interest)
# 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)
Chaswood Resources Holdings Ltd (formerly known as Asia Silk Holdings Limited)
Present
P.J. Services Pte Ltd
Industrial Engineering Systems Pte. Ltd.
Avital Enterprises Limited
Industrial Power Technology Pte Ltd
The Think Environmental Co. Sdn. Bhd.
Advance Assets Management 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?
Yes
If Yes, Please provide full details
1. Mr. Sugiarto is assisting the Commercial Affairs Department with investigations in relation to an offence under the Securities and Futures Act (Cap. 289) (the "SFA"). Please refer to the Company's announcements dated 4 April 2014 and 29 April 2014.

2. On 23 May 2012, Mr. Sugiarto paid a composition amount of S$4,250 for contravening section 137 of the
SFA as he was late in notifying the Company and SGX-ST of the change in his deemed shareholding in the Company which took place in 2010.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide details of prior experience
Not applicable as this is not an appointment as Director. However, Mr. Sugiarto has prior experience as a director of a listed company in his capacity as Chairman and Executive Director of the Company from 24 June 2009 to 6 January 2016.

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06/01/2016 23:58:39