Change - Announcement of Appointment::APPOINTMENT OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
RICH CAPITAL HOLDINGS LIMITED
Securities
RICH CAPITAL HOLDINGS LIMITED - SG2G63000001 - 5G4
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-Aug-2018 18:40:05
Status
New
Announcement Sub Title
APPOINTMENT OF EXECUTIVE DIRECTOR
Announcement Reference
SG180815OTHRUT9O
Submitted By (Co./ Ind. Name)
Soong Kar Leong
Designation
Executive Director
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 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 Mr Joseph Au, Associate Director, 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
15/08/2018
Name Of Person
Oh Sikai
Age
34
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment of Mr. Oh Sikai ("Mr. Oh") as an Executive Director of the Company was recommended by the Nominating Committee and approved by the Board, after taking into consideration Mr. Oh's qualifications, expertise and past experiences.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Oh Sikai is responsible for the overall management, operations, strategic planning and business expansion of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes. Mr Oh Sikai is the son of Mr Oh Keh Yew, a substantial shareholder of the Company, with a direct and deemed shareholding interest of 6%.
Conflict of interests (including any competing business)
Nevertheless, Mr Oh Sikai has covenanted to a non-compete undertaking in favour of the Company, to mitigate any potential conflicts of interest between himself and the Company, and its subsidiaries (the "Group"). Mr Oh Sikai has undertaken to, inter alia, immediately upon becoming aware of a business opportunity which directly or indirectly competes with any business carried on or proposed to be carried on by the Group, notify and to assist the Group in securing such business opportunity, with the Group to be granted a first right of refusal in taking up such opportunities.
Working experience and occupation(s) during the past 10 years
Jul 2018 - Aug 2018 : Rich Capital Holdings Limited - Assistant Marketing Manager
Jan 2010 - May 2018: Lam Chee Land Pte. Ltd. - Business Development Director
Jun 2009 - May 2018: HCJ Construction Pte Ltd - Managing Director
Jun 2004 - Jun 2009: Singapore Police Force - Staff Sergeant
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 : 11,000,000 shares
# 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)
Tech Built Construction Pte. Ltd.
Lam Chee Holdings Pte. Ltd.
Lam Chee Corporation Pte. Ltd.
Lam Chee Properties Pte. Ltd.
Lam Chee Land Pte. Ltd.
Koh Lee Huat Holdings Pte. Ltd.
Trustbuild Construction Pte. Ltd.
LC Integrated Pte. Ltd.
Present
First Capital Pte. Ltd.
Oxley Batam Pte. Ltd.
Rich Batam Private Limited
Rich Capital International Holdings Pte. Ltd.
Rich Capital Land Pte. Ltd.
Rich Capital Realty Pte. Ltd.
Roomwise Holdings Pte. Ltd.
Lam Chee Credit Pte. Ltd. (Dormant)
Skyone Construction Pte. Ltd.(Dormant)
(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 a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
The Company will arrange for Mr. Oh Sikai to attend relevant briefing and training in the roles and responsibilities of a director of a Singapore Public Listed Company.