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

Issuer & Securities

Issuer/ Manager
HL GLOBAL ENTERPRISES LIMITED
Securities
HL GLOBAL ENTERPRISES LIMITED - SG1AI6000003 - AVX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
08-Jan-2019 18:39:19
Status
New
Announcement Sub Title
Appointment of Non-Executive Director
Announcement Reference
SG190108OTHR8WDR
Submitted By (Co./ Ind. Name)
Foo Yang Hym
Designation
Chief Financial Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Tan Eng Kwee as a Non-Executive Director of HL Global Enterprises Limited (the "Company") and as a member of the Executive Committee.

Additional Details

Date Of Appointment
08/01/2019
Name Of Person
Tan Eng Kwee
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 appointment of Mr Tan Eng Kwee as a Non-Executive Director of the Company and as a member of the Executive Committee was recommended by the Nominating Committee and approved by the Board of Directors, after taking into consideration his qualifications and in-depth working experience garnered from the senior management positions he had held throughout his career. The Board is of the view that with Mr Tan's extensive corporate and financial experience, he will be able to make positive contributions to the Company.
Whether appointment is executive, and if so, the area of responsibility
No
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
Professional qualifications
Mr Tan graduated with a Bachelor of Accountancy (Honours) from The University of Singapore and a Master of Business Administration from Cranfield School of Management, United Kingdom. He was a Fellow member of the Chartered Association of Certified Accountants and also an Associate member of the Institute of Chartered Secretaries & Administrators (now known as Chartered Secretaries Institute of Singapore) and the Chartered Association of Management Accountants.
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Current appointment since December 2018 - Director and Chief Executive Officer of Hong Leong Asia Ltd.

August 2016 to December 2018 - Independent financial consultant to various companies

July 2015 to July 2016 - Executive Director and Chief Financial Officer ("CFO") of Epsilon Global Communications Pte. Ltd.

April 2013 to September 2014 - CFO of Dynapack Asia Pte. Ltd.

December 2011 to April 2013 - Chief Operating Officer of Perennial China Retail Trust Management Pte. Ltd. and Executive Vice President of Perennial Real Estate Pte. Ltd.

October 2008 to November 2011 - CFO of Hong Leong Asia 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
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Principal Commitments:
- Executive Director and CFO of Epsilon Global Communications Pte. Ltd.
- CFO of Dynapack Asia Pte. Ltd.
- Chief Operating Officer of Perennial China Retail Trust Management Pte. Ltd.
- Executive Vice President of Perennial Real Estate Pte. Ltd.

Director of Gen1sys Pte. Ltd.
Present
Principal Commitments:
- Director and Chief Executive Officer of Hong Leong Asia Ltd.

Please refer to Appendix A for the list of directorships of Mr Tan Eng Kwee.
(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
Mr Tan Eng Kwee is currently a Director and Chief Executive Officer of Hong Leong Asia Ltd. He was also formerly a Director of the following companies:
- RMCA Reinsurance Ltd, an entity previously listed on Singapore Exchange Securities Trading Limited, which had since been dissolved under members voluntary winding up.
- China Yuchai International Limited, an entity listed on the New York Stock Exchange.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable.

Attachments

APPENDIX_A.pdf
Total size =9K