Change - Announcement of Appointment::Appointment of Lead Independent Director

Issuer & Securities

Issuer/ Manager
PHARMESIS INTERNATIONAL LTD.
Securities
PHARMESIS INTERNATIONAL LTD. - SG1BH6000003 - BFK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Apr-2024 18:34:42
Status
New
Announcement Sub Title
Appointment of Lead Independent Director
Announcement Reference
SG240430OTHRTVU8
Submitted By (Co./ Ind. Name)
Wu Xuedan
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Seow Yong Teng as Lead Independent Director of the Company

Additional Details

Date Of Appointment
30/04/2024
Name Of Person
Seow Yong Teng
Age
48
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
30/04/2024
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Nominating Committee ("NC") has reviewed Mr. Seow Yong Teng's ("Mr. Seow") qualification, past experience, overall performance and contribution to the Board of Directors ("Board"), and is satisfied that Mr. Seow possesses the requisite competencies and experience to assume the responsibilities as the Lead Independent Director and the Chairman of the Audit Committee ("AC"), NC and Remuneration Committee ("RC").

The Board, upon recommendation of the NC, has accepted and approved the appointment of Mr. Seow as the Lead Independent Director and the Chairman of AC, NC and RC, with effect from 30 April 2024.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Lead Independent Director and Chairman of AC, NC and RC
Professional qualifications
- Chartered Accountant of Singapore with the Institute of Singapore Chartered Accountants
- Member of Singapore Institute of Directors
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
December 2022 to current - Chief Financial Officer ("CFO"), Nexif Ratch Energy Investments Pte. Ltd.

August 2015 to December 2022 - Executive Vice President, Finance & Accounting, Nexif Energy Management Pte. Ltd.

October 2012 to August 2015 - Director, Finance, Nexif IM Pte. Ltd. (f.k.a. Nexif (Infraco) Management 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)
Directorships:
- Viet Hydro Pte. Ltd.
- Visualsoft Corporate Services Pte. Ltd.

Other Principal Commitment:
- Executive Vice President, Finance & Accounting, Nexif Energy Management Pte. Ltd.
Present
Directorships:
- Nexif Ratch Energy SE Asia Pte. Ltd.
- Nexif Ratch Energy Singapore Pte. Ltd.
- Nexif Energy Song Giang Pte. Ltd.
- Nexif Energy BT Pte. Ltd.
- Nexif Energy Philippines Pte. Ltd.
- Nexif Energy Vinh Hai (Singapore) Pte. Ltd.
- Nexif Energy Thailand Pte. Ltd.
- NRE VN Hydro Pte. Ltd.

Other Principal Commitment:
- CFO, Nexif Ratch Energy Investments 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
Mr. Seow has been a Director of Pharmesis International Ltd. since 1 October 2023. Before that, he did not have prior experience as a director of public listed companies in Singapore. He has completed the mandatory training, Listed Entity Directors Programme conducted by the Singapore Institute of Directors as prescribed by Singapore Exchange Securities Trading Limited.