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

Issuer & Securities

Issuer/ Manager
TREK 2000 INTERNATIONAL LTD
Securities
TREK 2000 INT'L LTD - SG1I59882965 - 5AB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
22-Mar-2016 17:30:14
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG160322OTHRDDX8
Submitted By (Co./ Ind. Name)
Gurcharan Singh
Designation
Executive Director / CFO
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Chay Yee Meng as Independent Non-Executive Director and Chairman of the Audit Committee

Additional Details

Date Of Appointment
22/03/2016
Name Of Person
Chay Yee Meng
Age
60
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board had approved the Nominating Committee's recommendation of Mr Chay Yee Meng's appointment as an independent non-executive director and Chairman of the Audit Committee, following an assessment of his qualification, experience and independence, and considers him to be independent for the purposes of his appointment. The Board is satisfied that the Company will benefit much from his senior management skills and wide ranging experience in the finance industry.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and Chairman of Audit Committee
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
Director, CEO and Chairman of Autoscan Technology Pte Ltd
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
625,000 shares in the name of wife Leong Wan Sing
# 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)
National Kidney Foundation
2009 - 2013

Trek 2000 International Ltd
2001 - 2013

Infowave Pte Ltd
2000 - 2012

ST Electronics (Infosecurity) Pte Ltd
2002 - 2014

Nanofilm Technology Pte Ltd
2003 - 2015
Present
OrisTel Systems Pte Ltd (since 2014)

Wizvision Pte Ltd (since 2012)

Autoscan Technology Pte Ltd (since 2002)

Infohub Services Pte Ltd (since 2010)
(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
In 2010 when Mr Chay Yee Meng was a director of Infowave Pte Ltd, DBS Bank filed an application to wind up Infowave on the ground that the company had insufficient fund to repay DBS bank loan. As a result, Infowave was wound up in 2012.
(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 details of prior experience
Director of NatSteel Electronics Ltd (1992 - 2000)

Director of ECS Limited (1997 - 2003)

Director of Trek 2000 International Ltd (2001 - 2013)