Change - Announcement of Appointment::Appointment of Mak Yen-Chen Andrew as Independent Director

Issuer & Securities

Issuer/ Manager
SUNPOWER GROUP LTD.
Securities
SUNPOWER GROUP LTD. - BMG8585U1027 - 5GD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-May-2024 08:09:54
Status
New
Announcement Sub Title
Appointment of Mak Yen-Chen Andrew as Independent Director
Announcement Reference
SG240513OTHRKJF1
Submitted By (Co./ Ind. Name)
Ma Ming
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mak Yen-Chen Andrew as Independent Director

Additional Details

Date Of Appointment
13/05/2024
Name Of Person
Mak Yen-Chen Andrew
Age
55
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nominating Committee, after considering the credentials of Mr Mak Yen-Chen Andrew, has recommended to the Board of Directors ("Board") the appointment of Mr Mak Yen-Chen Andrew as an Independent Non-Executive Director of the Company. The Board has approved the appointment.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chairman of the Remuneration Committee, member of the Audit Committee and a member of the Nominating Committee
Professional qualifications
Bachelor of Laws (Second Class Honours Upper Division), National University of Singapore
Advocate & Solicitor of the Supreme Court 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
January 2016 - Present: Consultant, Fortis Law Corporation
January 2014 - December 2015: Partner, Loo & Partners LLP
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)
28 December 2017 - 31 December 2020: Independent Director, China Jishan Holdings Limited (Previously listed on Singapore Exchange)
24 March 2014 - 29 February 2024: Independent Director, Falcon Energy Group Limited (Listed on Singapore Exchange)
28 June 2011 - 25 April 2024: Independent Director, Far East Group Limited (Listed on Singapore Exchange)
21 June 2010 - 29 April 2024: Independent Director, Leader Environmental Technologies Limited (Listed on Singapore Exchange)
Present
1 April 2023 - Present: Independent Director, H2G Green Limited (Listed on Singapore Exchange)
18 November 2021 - Present: Director, The Singapore Lyric Opera 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?
Yes
If Yes, Please provide full details
I was an Independent Director of Falcon Energy Group Limited ("Falcon"), a company listed on Singapore Exchange (appointment date: 24 March 2014; cessation date: 1 March 2024).

As announced by Falcon on 25 August 2021, Ambank (M) Berhad (Labuan Offshore Branch) filed a winding-up application against Falcon in the High Court of Singapore ("Winding-up Application").

In an announcement dated 8 April 2024, Falcon announced that the Court had on 5 April 2024 made a winding-up order against Falcon; and appointed Mr Lim Loo Khoon and Mr Tan Wei Cheong, care of Deloitte & Touche LLP, as the joint and several liquidators of Falcon.

Please refer to SGXNet for the above and all related announcements by Falcon.

As an Independent Director, I did not have any executive role or involvement in the day-to-day management or operations of Falcon. The winding-up application pertained to a debt owed by Falcon to the creditor bank. I was not the subject of the winding-up application. The winding-up order was made subsequent to my cessation as an Independent Director.
(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
I am an Independent Director of H2G Green Limited ("H2G"), a company listed on Singapore Exchange.

On 2 May 2024, H2G announced, inter alia, that:

(a) Mr Lim Shao-Lin ("Mr Lim"), the Executive Director and Chief Executive Officer of H2G, has been charged under the Employment of Foreign Manpower Act 1990 of Singapore for making false statements to the Controller of Work Passes, and his case is fixed for trial on 5 August 2024 at the State Courts. One of the charges in Mr Lim's case pertains to a former employee of H2G ("Relevant Matter");

(b) other than Mr Lim himself, none of the directors and/or key management personnel of H2G and its group companies have been ordered or requested to assist in the Ministry of Manpower's investigations on the Relevant Matter; and

(c) H2G and its group companies are not the accused charged in respect of the Relevant Matter.

Please refer to SGXNet for the above and all related announcements by H2G.

As an Independent Director, I do not have any executive role or involvement in the day-to-day management or operations of H2G. The Relevant Matter predates my appointment as an Independent Director. I have not been ordered or requested to assist in the Ministry of Manpower's investigations on the Relevant Matter.
(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
Yes
If Yes, Please provide full details
Please refer to item (j)(i).
(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
Yes
If Yes, Please provide full details
Please refer to item (j)(i).
(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?
Yes
If Yes, Please provide full details
Please refer to item (j)(i).
(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
1 April 2023 - Present: Independent Director, H2G Green Limited, a company listed on Singapore Exchange
28 December 2017 - 31 December 2020: Independent Director, China Jishan Holdings Limited (Previously listed on Singapore Exchange)
24 March 2014 - 29 February 2024: Independent Director, Falcon Energy Group Limited (Listed on Singapore Exchange)
28 June 2011 - 25 April 2024: Independent Director, Far East Group Limited (Listed on Singapore Exchange)
21 June 2010 - 29 April 2024: Independent Director, Leader Environmental Technologies Limited (Listed on Singapore Exchange)