Change - Announcement Of Appointment Of Financial Controller

  • Dec 02, 2019
  • CH Offshore

Announcement Title Change - Announcement of Appointment

Date & Time of Broadcast Dec 2, 2019 17:27

Status New

Announcement Sub Title Appointment of Financial Controller

Announcement Reference SG191202OTHR9WTL

Submitted By (Co./ Ind. Name) Lim Mee Fun

Designation Company Secretary

Description (Please provide a detailed description of the event in the box below) Appointment of Financial Controller

Additional Details

Date Of Appointment 02/12/2019

Name Of Person Lee Mun Keat

Age 49

Country Of Principal Residence Singapore

The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Audit Committee and Board of Directors of the Company have reviewed Mr Lee Mun Keat ("Mr Lee")'s professional qualifications, education background and his working experience, interviewed him and are of the opinion that he is suitable for the role as Financial Controller of the Group.

Whether appointment is executive, and if so, the area of responsibility The appointment is executive. Mr Lee will be responsible for overall financial and accounting matters including the related regulatory compliance matters with regulatory bodies.

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Financial Controller

Professional qualifications Member of the Institute of Singapore Chartered 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 any of its principal subsidiaries Mr Lee reported to Mr Tan Kiang Kherng during his tenure as accountant in Baker Technology Ltd ("BTL") from April 2002 to October 2005. He was also an accountant in PPL Shipyard Pte. Ltd. ("PPL Shipyard") reporting to Mr Tan Yang Guan from November 2005 to July 2008. During Mr Lee's time at BTL and PPL Shipyard, Dr Benety Chang was the CEO of both companies. As a manager in the corporate advisory team at NRA Capital Pte Ltd from August 2008 to July 2013, Mr Lee reported to Ms Han Sah Heok Vicky. Dr Benety Chang and Mr Tan Kiang Kherng are directors of the Company. BTL is an indirect substantial shareholder of the Company. Mr Tan Yang Guan and Ms Han Sah Heok Vicky are directors of BTL.

Conflict of interests (including any competing business) None

Working experience and occupation(s) during the past 10 years Dec 2014 to Nov 2019

- Senior Manager, Corporate Finance,

MS Corporate Finance Pte. Ltd.

Jul 2013 to Nov 2014

- Manager, Continuing Sponsorship,

PrimePartners Corporate Finance Pte. Ltd.

Aug 2008 to Jul 2013

- Manager, Corporate Advisory,

NRA Capital 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) None

Present None

(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? No

If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange N.A.

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) N.A.


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