Change - Announcement of Appointment::Appointment of Mr Ong Shen Chieh (Wang Shengjie) as a Non-Executive and Independent Director

Issuer & Securities

Issuer/ Manager
SYNAGIE CORPORATION LTD.
Securities
SYNAGIE CORPORATION LTD. - SGXE31442804 - V2Y
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Aug-2020 21:11:49
Status
New
Announcement Sub Title
Appointment of Mr Ong Shen Chieh (Wang Shengjie) as a Non-Executive and Independent Director
Announcement Reference
SG200828OTHRSB9U
Submitted By (Co./ Ind. Name)
Lee Shieh-Peen Clement
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "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 Sponsor is:
Name: Mr Khong Choun Mun, Registered Professional, RHT Capital Pte. Ltd.
Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619
Telephone: (65) 6381 6966

Additional Details

Date Of Appointment
28/08/2020
Name Of Person
Ong Shen Chieh (Wang Shengjie)
Age
44
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee (the "NC") of the Company, having reviewed Mr Ong's educational background, professional qualifications and working experience, is of the view that Mr Ong has the necessary qualifications, working experience and ability to contribute to the Company, and has recommended to the Board that Mr Ong be appointed as a Non-Executive and Independent Director.

In light of the reasons above and having considered the recommendation of the NC, the Board has approved the appointment of Mr Ong as a Non-Executive and Independent Director of the Company. Further to this, the Board considers Mr Ong to be independent for the purposes of Rule 704(7) of the Catalist Rules.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Independent Director, NC Chairman, AC Member and RC Member
Professional qualifications
Bachelor of Science in Real Estate (Hons), 2nd Upper - National University of Singapore
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
June 2016 to present: Non-Executive and Independent Director, Elec & Eltek International Company Limited

June 2016 to present: Director, Husk Life Pte. Ltd.

March 2016 to present: Managing Director, Sakal Investments Limited

December 2015 to present: Non-Executive and Independent Director, Eindec Corporation Limited

September 2017 to July 2019: Non-Executive and Independent Director, Kakiko Group Limited

October 2016 to March 2019: Executive Director, P99 Holdings Limited

September 2012 to April 2015: Director, TJZ Holdings Pte. Ltd

March 2012 to February 2016: Head (New Business Development), ORIX Leasing Singapore Limited

August 2008 to February 2012: Senior Vice-President, EV Capital Pte 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?
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)
Orix Leasing Singapore Limited
Kakiko Group Limited
P99 Holdings Limited
Present
Sakal Investments Limited
Eindec Corporation Limited
Elec & Eltek International Company Limited
Husk Life 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?
Yes
If Yes, Please provide full details
Yes. Mr Ong served as an Executive Director in P99 Holdings Limited from 26 October 2016 to 22 March 2019. On 31 July 2017, P99 Holdings Limited announced its decision to place itself under a members' voluntary liquidation of P99 Holdings Limited and the members' voluntary liquidation of the Company was completed on 22 March 2019. Further details in relation to the members' voluntary liquidation of P99 Holdings Limited can be found in its SGXNet announcements dated 31 July 2017, 30 August 2017, 4 October 2017, and 27 October 2017.
(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. Mr Ong is a Non-Executive and Independent Director of Elec & Eltek International Company Limited and in June 2020, the company was charged for a failure in or late filing of return of changes of company secretary, directors or authorised representatives of registered non-Hong Kong company under sections 791(2)(b) or 791(2)(c) of the Companies Ordinance. The fine amount was HKD18,000. To the best of Mr Ong's knowledge, there was no investigation or action brought against him in relation to the aforementioned regulatory breaches.
(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. In 1996, Mr Ong was indicted by the Singapore Armed Forces while serving national service in Singapore. As far as Mr Ong is aware, the indictment was made pursuant to Section 19 of the Singapore Armed Forces Act (Chapter 295) of Singapore for insubordinate behavior. As a consequence of the indictment, Mr Ong was imposed detention for a period of 10 days. No further action was taken against Mr Ong for this matter, and Mr Ong completed his national service in January 1997.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Non-Executive and Independent Director of Elec & Eltek International Company Limited from June 2016 to present.

Non-Executive and Independent Director of Eindec Corporation Limited from December 2015 to present.

Executive Director of P99 Holdings Limited from October 2016 to March 2019.