Change - Announcement of Appointment::APPOINTMENT OF EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
CEDAR STRATEGIC HOLDINGS LTD.
Securities
CEDAR STRATEGIC HOLDINGS LTD - SG1D96849865 - 530

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Jun-2014 20:22:24
Status
New
Announcement Sub Title
APPOINTMENT OF EXECUTIVE DIRECTOR
Announcement Reference
SG140630OTHRZ3DI
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by Cedar Strategic Holdings Ltd. (the ''Company'') and its contents have been reviewed by the Company's Continuing Sponsor, Stamford Corporate Services Pte. Ltd. (the ''Sponsor''), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (''SGX-ST''). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by 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 Company's Sponsor is Mr Ng Joo Khin whose details are set out below:
Telephone number: +65 6389 3000
Email: jookhin.ng@stamfordlaw.com.sg

Additional Details

Date Of Appointment
01/07/2014
Name Of Person
Chan Kum Ee
Age
65
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board has approved the appointment of Mr Chan Kum Ee as an Executive Director of the Company after taking into account his experience and ability to contribute to the Company.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive.

Area of Responsibility:
1) Manage attainment of business objectives and financial targets;
2) Lead all fund raising efforts;
3) Manage corporate governance compliance;
4) Manage all investments, divestments, joint-ventures, collaborations; and
5) Implement policies and plans laid down by the Board.
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
Nil.
Conflict of interests (including any competing business)
Nil.
Working experience and occupation(s) during the past 10 years
December 1999 - June 2014
SC Management Consulting Private Limited
Founder and Director
Corporate Consulting and Training

August 2012 to March 2014
Sino-Wealth Financial Ltd.
Director
Corporate Consulting

December 1999 - March 2007
Integrated Learning Systems Pte Ltd
Founder and Director
Corporate Consulting and Training

January 2010 to December 2010
Jade Technologies Holdings Ltd (former name of Cedar Strategic Holdings Ltd.)
Group President
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)
August 2012 to March 2014 - Director of Sino-Wealth Financial Ltd., September 2009 to May 2014 - Independent Director of Sino Excel Energy Limited (ASX Listed), May 2011 to September 2013 - Independent Director & Chairman of Imagine Un Limited (ASX Listed), October 2012 to July 2013 - Independent Director of Asia Fashion Holdings Limited (SGX Listed), April 2010 to December 2010 - Director of Jade Real Estate Pte. Ltd., April 2010 to December 2010 - Director of Jade Marketing & Distribution Pte. Ltd. and April 2010 to December 2010 - Director of Jade Commodities & Resources Pte. Ltd.
Present
Founder and Director of SC Management Consulting Private Limited
(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?
Yes
If Yes, Please provide full details
Sino Excel Energy Limited
Imagine Un Limited
Asia Fashion Holdings Ltd
Attended SID-SMU Directorship:
1) Module 1, The Role of Directors: Duties, Responsibilities & Legal Obligations; and
2) Module 3, Finance for Directors.