REPL::Change - Announcement of Appointment::APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Issuer & Securities
Issuer/ Manager
CASA HOLDINGS LIMITED
Securities
CASA HOLDINGS LIMITED - SG1B93012089 - C04
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Mar-2022 19:54:56
Status
Replacement
Announcement Sub Title
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG220328OTHR8DC5
Submitted By (Co./ Ind. Name)
MARGARET CHAK LEE HUNG
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Lai Hock Meng as Independent Non-Executive Director
Additional Details
Date Of Appointment
28/03/2022
Name Of Person
Mr. Lai Hock Meng
Age
66
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. Lai as an Independent Non-Executive Director was recommended by the Nominating Committee and approved by the Board of Directors of the Company (the "Board"), after taking into consideration his qualifications, knowledge and working experience as well as leadership roles.
The Board is of the view that Mr. Lai s experience in financial management, corporate finance and corporate governance would complement the skill sets and experience of the existing board members and provide further diversity to the core competencies and knowledge of the Board, and thus has approved his appointment. Following his appointment as an Independent Non-Executive Director of the Company, Mr. Lai will also be appointed as Chairman of the Board and Chairman of the Nominating Committee, as well as a member of the Audit Committee and the Remuneration Committee.
The Board considers Mr. Lai to be independent for the purpose of Rule 704(8) of the Mainboard Listing Manual of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
Independent Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director
Chairman of the Board and the Nominating Committee
Member of the Audit Committee and the Remuneration Committee
Professional qualifications
BA (Honours) in Economics, Cambridge University, UK
Chartered Financial Analyst, CFA Institute, USA
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
HML Consulting Group Pte Ltd, Singapore
- Chairman (October 2007 to July 2016)
- Chairman (June 2017 to Present)
Success Dragon International Holdings Ltd, Hong Kong
- CEO & Executive Director (July 2007 to October 2015)
EC World Asset Management Pte Ltd - Manager of EC World Real Estate Investment Trust, Singapore
- CEO and Executive Director (May 2015 to May 2017)
PureCircle (Jiangxi) Co., Ltd, China
- Chairman & Legal Representative (May 2017 to May 2020)
Riverside Asia Partners Pte Ltd, Singapore
- Executive Director (November 2017 to February 2020)
PureCircle Ltd, Bermuda
- CEO and Executive Director (February 2020 to July 2020)
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
750,000 ordinary shares in the listed issuer
# 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)
1 Delong Holdings Limited (SGX)
2 PureCircle Ltd (LSE)
3 Champ Buyout III Pte Ltd
4 EC World Asset Management Pte Ltd - Manager of EC World Real Estate Investment Trust (SGX)
5 Fullwealth Investment Pte Ltd
6 Magnasset Investment Pte Ltd
7 Prorich Investment Pte Ltd
8 Richport Investment Pte Ltd
9 Richwin Investment Pte Ltd
10 JY Logistic Investment Pte Ltd
11 PureCircle (Jiangxi) Co., Ltd.
12 Dragon Group International Ltd (SGX)
13 Riverside Asia Partners Pte Ltd
14 Riverside Asia Pacific Fund II Pte Ltd
15 DCM Asia Pte Ltd
16 Transcorp Holdings Limited (SGX)
17 SB Global Ventures Pte Ltd
18 Stamford Raffles Consultants Pte Ltd
19 Global Wellness Group Pte Ltd
20 Quanshan Capital Management Pte Ltd
21 Quanshan Investment & Development (Singapore) Pte Ltd
22 Tee International Limited (SGX)
23 Quanshan Tourism Development Pte Ltd
24 PureCircle (Shanghai) Co., Ltd.
25 Universal Joy Global Limited
26 Huanghe Holdings Pte Ltd
27 Debao Property Development Ltd (SGX)
28 Wellbeing Healthtech Pte Ltd
Present
1 Char Yong (Dabu) Foundation Limited
2 HML Consulting Group Pte Ltd
3 Playhood Pte Ltd
4 PT Dexin Steel Indonesia
5 Cosmic Capital Limited
6 PICADS Sdn Bhd
7 Champ Private Equity Pte Ltd
8 Champ Singapore HoldCo Pte Ltd
9 CPEC 8 Holdings Pte Ltd
10 PureCircle Ltd
11 Amaara Healthtec Pte 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
Yes
If Yes, Please provide full details
Yes (See attached Annex A for details)
(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
Yes (See attached Annex B for details)
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Director of the following issuers listed on the Exchange:
Delong Holdings Ltd
Metax Engineering Corp Limited
China Energy Limited
China Essence Group Ltd
Accredits Ltd (formerly known as WE Holdings Ltd)
Citicode Ltd (formerly known as Advance SCT Ltd)
ASTI Holdings Limited
Xpress Holdings Ltd
Transcorp Holdings Limited
Dragon Group International Pte Ltd
Tee International Limited
CFM Holdings Limited
EC World Asset Management Pte Ltd - Manager of EC World Real Estate Investment Trust
Debao Property Development Ltd
Attachments
CHL_Annex A.pdf
CHL_Annex B.pdf
Total size =70K
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