Change - Announcement of Appointment::Re-designation of Executive Director and Chief Executive Officer to Non-Executive Director

Issuer & Securities

Issuer/ Manager
BLUMONT GROUP LTD.
Securities
BLUMONT GROUP LTD. - SG1I69883698 - A33
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
17-Apr-2019 21:27:27
Status
New
Announcement Sub Title
Re-designation of Executive Director and Chief Executive Officer to Non-Executive Director
Announcement Reference
SG190417OTHR31BE
Submitted By (Co./ Ind. Name)
Siaw Lu Howe
Designation
Non-Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Re-designation of Executive Director and Chief Executive Officer to Non-Executive Director

Additional Details

Date Of Appointment
17/04/2019
Name Of Person
Siaw Lu Howe
Age
50
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Siaw Lu Howe has decided to relinquish his executive roles (as Executive Chairman and Chief Executive Officer) in the Company.

The Board has accepted the Nominating Committee's recommendation on the re-designation of Mr Siaw to a Non-Executive Director of the Company. Mr Siaw will remain as the Chairman of the Board.
Whether appointment is executive, and if so, the area of responsibility
The appointment is not executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Professional qualifications
Nil
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No. Mr Siaw Lu Howe has interests in hospitality, real estate and mining services businesses primarily located in the state of Sarawak, Malaysia, which are not in the areas which the Group operates.

Mr Siaw Lu Howe is deemed interested in 22,131,184,204 shares held by Ultimate Horizon Pte. Ltd in the Company.
Working experience and occupation(s) during the past 10 years
Period: September 1995 to present
Director, Sri Datai Construction (Sarawak) Sdn Bhd

Period: March 2009 to Present
Director, Modal Sempura Sdn Bhd

Period: October 2009 to November 2010
Director, Juara Cahya Sarawak Sdn Bhd

Period: January 2015 to Present
Advisor, Juara Cahya Sarawak Sdn Bhd

Period: March 2017 to present
Group Managing Director, Sri Datai Group of Companies

Period: July 2017 to present
Group Managing Director, Sri Datai Mining Sdn Bhd

Period: December 2017 to April 2019
Executive Chairman and Chief Executive Officer, Blumont Group 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))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Siaw Lu Howe is deemed interested in 22,131,184,204 shares held by Ultimate Horizon Pte. Ltd in the Company.
# 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)
GOLDEN REGIME SDN BHD
Present
1. SRI DATAI HOLDINGS (SARAWAK) SDN BHD
2. SRI DATAI CONSTRUCTION (SARAWAK) SDN BHD
3. SRI DATAI PROPERTIES (SARAWAK) SDN BHD
4. SRI DATAI TRADING (SARAWAK) SDN BHD
5. SRI DATAI MINING SDN BHD
6. MODAL SEMPURNA SDN BHD
7. SRI JAYA M&E SDN BHD
8. STRIKER BORNEO SDN BHD
9. SRI DATAI SHIPPING (SARAWAK) SDN BHD
10. SRI DATAI PROPERTIES (LABUAN) SDN BHD
11. SDDN CAPITAL SDN BHD
12. MERDEKA WATERFRONT HOTEL SDN BHD
13. STAR DEVELOPMENT SDN BHD
14. STC BORNEO SDN BHD (formerly known as Vivid Ridges Sdn. Bhd.)
15. JUARA CAHYA DEVELOPMENT SDN BHD
16. WAI LEONG CONSTRUCTION (SARAWAK) SDN BHD
17. DIGIHARTA SDN BHD
18. KOTA DEDIKASI SDN BHD
19. RAHMAT MAJUMAS SDN BHD
20. MAGLEAD POWER SDN BHD
21. DYNAMIC MINING MANAGEMENT SERVICES SDN BHD
22. MUKAH MINING SERVICES SDN BHD
23. SUNGAI PLAN GAS DISTRIBUTION SDN BHD
24. NADIM ISTIMEWA SDN BHD
25. DATAI BAY DEVELOPMENT SDN BHD
26. BORNEO ARCHIPELAGO TOURISM SDN BHD
27. ULTIMATE HORIZON LIMITED
28. ULTIMATE HORIZON PTE. LTD.
29. SRI DATAI (SINGAPORE) 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
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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Executive Chairman and Chief Executive Officer - Blumont Group Ltd.