Change - Announcement of Appointment::Appointment of Non-Independent and Non-Executive Director

Issuer & Securities

Issuer/ Manager
HEALTHBANK HOLDINGS LIMITED
Securities
HEALTHBANK HOLDINGS LIMITED - SG1AA4000002 - 40B
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
14-Feb-2023 22:40:33
Status
New
Announcement Sub Title
Appointment of Non-Independent and Non-Executive Director
Announcement Reference
SG230214OTHRNQL0
Submitted By (Co./ Ind. Name)
Peng Fei
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Independent and Non-Executive Director of the Company.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by Singapore Exchange Securities Trading Limited (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 Ms Lee Khai Yinn (Tel: +65 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

Additional Details

Date Of Appointment
14/02/2023
Name Of Person
Chai Ming Hui
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nominating Committee (the "NC") of the Company, having assessed Mr Chai's qualifications, experience and present commitments, is of the view that Mr Chai is suitable and possesses the requisite experience and capabilities to be appointed as a Non-Independent and Non-Executive Director of the Company, and as a member of each of the NC, the Remuneration Committee (the "RC") and the Audit Committee (the "AC") of the Company.

Upon the recommendation of the NC, the Board of Directors has assessed and approved Mr Chai's appointment as a Non-Independent and Non-Executive Director of the Company, and as a member of each of the NC, RC and AC of the Company. The Board is of the view that he has the requisite experience and capabilities to assume the duties and responsibilities of the foregoing roles.
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.)
Non-Independent and Non-Executive Director, a member of the NC, a member of the RC, and a member of the AC
Professional qualifications
Capital Market and Financial Advisory Services ("CMFAS") Module 1A (Rules and Regulations for Dealing in Securities) from the Institute of Banking and Finance Singapore ("IBF")

CMFAS Module 3 (Rules and Regulations for Fund Management) from the IBF

CMFAS Module 6 (Securities Products and Analysis) from the IBF

CMFAS Module 5 (Rules and Regulations for Financial Advisory Services) from the Singapore College of Insurance

Master's in Business Administration from Southern Illinois University Carbondale

Second Class Honors Degree in Mechanical Engineering from Nanyang Technological University
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
Save as disclosed below, no.

Mr Chai was engaged by the Company to perform the role of Project Manager responsible for, inter alia, daily project management, maintaining accounting records, bank reconciliations, preparing payment vouchers, preparing and reviewing the payment online, liaising with external professional firms, corporate secretary matters and assigned administrative works from 15 June 2022 to 15 February 2023 for an aggregate fee of S$6,000.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Dec 2022 to Present: Executive Director and Business Consultant of Zegen Capital Pte Ltd
Jan 2023 to Present: Executive Director and Business Partner of Van De Hoist Pte. Ltd.
Dec 2009 to Nov 2022: Remisier of OCBC Securities Pte Ltd/ Amfraser Securities Pte Ltd

Prior to the past 10 years:
Jan 2008 to Jun 2009: General manager of IPTE Asia Pacific Pte Ltd
Jun 2005 to Dec 2007: Product sales manager of Keyence Singapore Pte Ltd
Jul 2002 to May 2005: Co-founder of Bestell Technology Pte Ltd
Jan 2000 to Jun 2002: Senior sales engineer of Keyence Singapore Pte Ltd
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
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
NA
Present
Directorships:

Independent Non-Executive Director of SingAsia Holdings Limited (listed on the Stock Exchange of Hong Kong) (HK:8293)
Executive Director and Business Consultant of Zegen Capital Pte. Ltd.
Executive Director and Business Partner of Van De Hoist Pte. Ltd.

Other principal commitment:

Deputy Head of Education Department of Ji Yang Cai Clan
(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
Mr Chai was served a letter of warning in 2016 by the SGX for suspected spoofing activities for his own personal trades. This was a private warning and Mr Chai underwent a 2-hour retraining course conducted by the compliance department of OCBC Securities Pte Ltd, his employer at the relevant time. This incident did not result in a suspension of his Stock Broking License and he was allowed to continue to perform his duties under the employment of OCBC Securities Pte Ltd. Mr Chai has represented that there are no other similar occurrences since this investigation 7 years ago, and that there are no other current or past investigations, disciplinary proceedings, reprimands or warnings against him.
Disclosure applicable to the appointment of Director only.
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
Mr Chai will undergo the necessary training on the roles and responsibilities of a director of a listed issuer as prescribed by the SGX-ST within one year from the date of his appointment to the Board.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
NA