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Change - Announcement Of Appointment Of Independent Director
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Dec 31, 2024
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Dec 31, 2024 19:46 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Director |
| Announcement Reference | SG241231OTHRGC2N |
| Submitted By (Co./ Ind. Name) | Lim See Hoe |
| Designation | Executive Chairman and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Independent Director This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Limited (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 Ms Audrey Mok (Tel:(65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Date Of Appointment | 01/01/2025 |
| Name Of Person | Lim Peng Chuan Terence |
| Age | 54 |
| 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 Board has reviewed and considered the qualifications, experience and independence of Mr Lim Peng Chuan Terence ("Mr Lim") and approved his appointment as an independent director of the Company. |
| 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 Director, Chairman of the Nominating Committee, Member of Audit Committee and Remuneration Committee of the Company |
| Professional qualifications | Bachelor of Commerce (Major in Accountancy) Member of Australia Society of CPAs |
| 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 | Save as disclosed below, no Mr Lim is a director of Lesoon Equipment Pte Ltd ("Lesoon"), a subsidiary of SHS Holdings Ltd. He is a substantial shareholder of SHS Holdings Ltd, with no direct interest in Lesoon. Lesoon is the customer of Teho Ropes & Supplies Pte Ltd, a wholly-owned subsidiary of the Group. TEHO Ropes' total sales to Lesoon Equipment amounted to less than S$5,000 for the financial years ending 30 September 2022, 2023, 2024. Mr Lim has confirmed that subsequent to his appointment, such transactions will continue to be minimal. He will disclose any transactions between Lesoon and the Group and will recuse himself from deliberation and decision-making in the event of such transactions. The transactions will be carried out on an arm's length basis and in compliance with the Company's interested person transactions policy. |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | August 2006 to September 2024: Paliy Engineering Pte. Ltd. - Director November 2019 to May 2022: Nomad Technologies Holdings Limited - Non Executive Independent Director September 2020 to February 2022: See Hup Seng CP Pte. Ltd. - General Manager March 2022 to Present: See Hup Seng CP Pte. Ltd. - Executive Director |
| 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: Nomad Technologies Holdings Limited T&S Integrated Engineering and Services Pte. Ltd. Other Principal Commitments: Please refer to "Working experience and occupation(s) during the past 10 years" section above. |
| Present | Directorships: See Hup Seng CP Pte. Ltd. SHS System Pte. Ltd. SHS Special Coating Pte. Ltd. Speedo Corrosion Control Pte. Ltd. Gardella Singapore Coating Pte. Ltd. Lesoon Equipment Pte. Ltd. Speedlock Equipment Sdn Bhd Paliy Engineering Pte. Ltd. WH Market Consulting Pte Ltd Sinpaliy Offshore & Marine Sdn Bhd Clearwater Capital Pte. Ltd. Other Principal Commitments: Please refer to "Working experience and occupation(s) during the past 10 years" section above. |
| (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 | He was a director of See Hup Seng Limited from 1998 to 2006. |
