Change - Announcement of Appointment::Change - Announcement of Re-Designation

Issuer & Securities

Issuer/ Manager
HOSEN GROUP LTD.
Securities
HOSEN GROUP LTD - SG1Q03920366 - 5EV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
13-Mar-2017 18:27:15
Status
New
Announcement Sub Title
Change - Announcement of Re-Designation
Announcement Reference
SG170313OTHRWVLZ
Submitted By (Co./ Ind. Name)
Lim Hai Cheok
Designation
Chief Executive Officer
Effective Date and Time of the event
03/04/2017 00:00:00
Description (Please provide a detailed description of the event in the box below)
Re-Designation of Non-Executive Independent Director to Non-Executive Independent Chairman.


This announcement has been prepared by Hosen Group Ltd (the "Company") and its contents have been reviewed by the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("the SGX-ST") Listing Manual Section B: Rules of Catalist.

The Sponsor has not verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Thomas Lam, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, Telephone (65) 6229 8088.

Additional Details

Date Of Appointment
03/04/2017
Name Of Person
Wee Piew
Age
53
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors, having considered the recommendation of the Nominating Committee and considered the qualifications and work experience of Mr Wee, has approved the re-designation of Mr Wee as Non-Executive Independent Chairman.
Whether appointment is executive, and if so, the area of responsibility
The re-designation is non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Chairman of the Board, Chairman of Audit Committee and Remuneration Committee, Member of Nominating Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Conflict of interests (including any competing business)
Not Applicable.
Working experience and occupation(s) during the past 10 years
CEO and Executive Director - PSL Holdings Ltd (Aug 2016 to Dec 2016)
CEO and Executive Director - HG Metal Manufacturing Ltd (Jun 2000 to Jan 2010)
Independent Director - Miyoshi Limited (May 2014 to present)
Independent Director - Beijing Gas Blue Sky Holdings Limited (Mar 2007 to present)
Independent Director - Hosen Group Ltd (Jul 2004 to present)
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)
Executive Director - PSL Holdings Ltd (Aug 2016 to Dec 2016)
Present
Independent Director - Beijing Gas Blue Sky Holdings Limited (Mar 2007 to present)
Independent Director - Miyoshi Limited (May 2014 to present)
Independent Director - Hosen Group Ltd (Jul 2004 to present)
(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 a listed company?
Yes
If Yes, Please provide details of prior experience
Independent Director - Miyoshi Limited (May 2014 to present)
Independent Director - Hosen Group Ltd (Jul 2004 to present)
Independent Director - Beijing Gas Blue Sky Holdings Limited (Mar 2007 to present)
Independent Director - Zhongguo Pengjie Fabrics Ltd (2007 to 2010)
Independent Director - NH Ceramics Ltd (2001 to 2004)
Executive Director - HG Metal Manufacturing Ltd (Jul 2000 to Jan 2010)
Executive Director - PSL Holdings Ltd (Aug 2016 to Dec 2016)
Executive Director - Kian Ho Bearings Ltd (Dec 1999 to Feb 2000)
Non-Executive Non-Independent Director - BRC Asia Ltd (Nov 2008 to Feb 2009 and Aug 2009 to Jan 2010)