Change - Announcement of Appointment::RE-DESIGNATION OF NON-EXE AND NON-INDEPENDENT DIRECTOR TO NON-EXE AND INDEPENDENT DIRECTOR

Issuer & Securities

Issuer/ Manager
DISA LIMITED
Securities
DISA LIMITED - SG0532000247 - 532
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Nov-2020 23:42:05
Status
New
Announcement Sub Title
RE-DESIGNATION OF NON-EXE AND NON-INDEPENDENT DIRECTOR TO NON-EXE AND INDEPENDENT DIRECTOR
Announcement Reference
SG201130OTHR95N9
Submitted By (Co./ Ind. Name)
Norainin Latiff
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Re-designation of Mr. Lim Soon Hock as a Non-Executive and Independent Director.


This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited ("Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statement or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Ong Hwee Li (Registered Professional, SAC Capital Private Limited). Address: 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. Telephone number: +65 6232 3210.

Additional Details

Date Of Appointment
30/11/2020
Name Of Person
Lim Soon Hock
Age
70
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
30/10/2020
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors has reviewed the experience, qualification and independence of Mr. Lim Soon Hock, currently a Non-Executive and Non-Independent Director of the Company, having considered the recommendation of the Nominating Committee, is of the view that the re-designation of Mr. Lim Soon Hock as a Non-Executive and Independent Director is appropriate.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive and Independent
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Exe and Independent Director, Chairman of the Nominating Committee and member of Audit and Risk Management Committee and Remuneration Committee.
Professional qualifications
1. Bachelor of Engineering (Honours), University of Singapore.
2. Diploma in Business Administration.
3. Graduate Certificate in International Arbitration.
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
1. 2006 to Present: Founder and Managing Director of PLAN-B ICAG Pte Ltd.
2. 2010 to 2012: Deputy Chairman and Executive Director, Stratech Systems Limited
3. 2013 to Present: Mediator, State Courts Singapore
4. 2015 to Present: Mediator, Singapore Mediation Centre
5. 2017 to Present: Deputy Chairman and Senior Advisor of Tru-Marine Pte Ltd
6. 2018 to Present: Adjunct Professor, National University of Singapore
7. 2019 to Present: Mediator, Singapore International Mediation Institute / International Mediation Institute
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)
Please refer to Annexure A
Present
Please refer to Annexure B
(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
1. China Fishery Group Limited ("China Fishery"), of which Mr. Lim is an Independent Director, filed for judicial provisional liquidation in Hong Kong by its bank creditors in November 2015. The Company won the case and subsequently filed for Chapter 11 in the United States of America.

2. Globalroam Group Ltd, of which Mr. Lim was the chairman, filed for judicial management after he stepped down on 4 August 2017.

The provisional liquidator and liquidator was appointed on 22 November 2017 and 5 February 2018 respectively.
(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
Please refer to Annexure C
(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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Please refer to Annexure B.

Attachments

Disa Limited - Annexure A.pdf
Disa Limited - Annexure B.pdf
Disa Limited - Annexure C.pdf
Total size =324K