Change - Announcement of Appointment::Appointment of Independent Director (Replacement)

Issuer & Securities

Issuer/ Manager
UPP HOLDINGS LIMITED
Securities
UPP HOLDINGS LIMITED - SG1K55001665 - U09
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
19-May-2017 17:08:32
Status
New
Announcement Sub Title
Appointment of Independent Director (Replacement)
Announcement Reference
SG170519OTHR0BZV
Submitted By (Co./ Ind. Name)
Koh Wan Kai
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement replaces the earlier announcement dated 7 March 2017 relating to the Appointment of Independent Director (Announcement Reference SG170307OTHR9JMU) regarding the appointment of Mr. Garson David Lee. In the column relating to present directorships, the list of companies should include the following which was omitted due to an inadvertent error:-

Director of Emerwood Home Products Ltd

This announcement is made to rectify this error. Other than the above, all other information contained in the announcement dated 7 March 2017 remains unchanged and is set out again below for reference.

Additional Details

Date Of Appointment
07/03/2017
Name Of Person
Garson David Lee
Age
76
Country Of Principal Residence
Canada
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board approved Mr. Garson David Lee's appointment as an Independent Director based on his expertise and experience as follows:
1. Chartered Accountant, retired senior partner of Accounting Firm in Canada.
2. Familiar with Taiga Building Products Ltd. including the building and forestry industry in Canada.
3. Familiar with tax laws in Canada.
Whether appointment is executive, and if so, the area of responsibility
Non-executive appointment
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Member of the Audit & Risk Management Committee and the Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2007 - 2008
- Partner of Cinnamon Jang Willougby & Company, Chartered Accountants.
- Provided public accounting, audit, taxation and other related professional services to corporations, individuals and other entities.

2009 - 2015
- Partner of Dale Matheson Carr-Hilton Labonte, Chartered Professional Accountants.
- Provided public accounting, audit, taxation and other related professional services to corporations, individuals and other entities.

2007 - 2017
- Managing Director and Shareholder of G.D. Lee Inc. and 0860486 B.C. Ltd.
- Provided management, administrative and consultations services.

2014 - 2017
- Director of Emerwood Home Products 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))
No
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interest in 1,300,000 Ordinary Shares held by his spouse, Marie Lee.
Deemed interest in 1,300,000 Warrants held by his spouse, Marie Lee.
# 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)
Nil
Present
- Managing Director and Shareholder of G.D. Lee Inc.
- Managing Director and Shareholder of 0860486 B.C. Ltd.
- Director of Emerwood Home Products 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 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
Knowledge of director's responsibilities obtained from formal training and education provided by the Institute of Chartered Accountants and in the course of audit of public companies ("listed" companies).

The Company will arrange for Mr. Garson David Lee to received relevant training to familiarise him with the roles and responsibilities of a director of a listed company in Singapore.