Change - Announcement Of Appointment Of Independent Director

BackMar 31, 2015
Announcement Title Change - Announcement of Appointment
Announcement Subtitle Appointment of Independent Director
Securities CHASWOOD RESOURCES HLDGS LTD. (CHASWOOD)
Date & Time of Broadcast Mar 31, 2015 20:06
Submitted By Andrew Roach Reddy
Managing Director
Description This announcement has been prepared by the Company and its contents have been reviewed by the Companys sponsor, CIMB Bank Berhad, Singapore Branch (the Sponsor) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the SGX-ST).

The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST and Sponsor assume 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 Mr Eric Wong (Director, Investment Banking), CIMB Bank Berhad, Singapore Branch, 50 Raffles Place #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.
Appointment Details
Date of appointment Mar 31, 2015
Name of person Tee Guan Pian
Age 50
Country of principal residence Malaysia
The Board's comments on this appointment Following the cessation of Mr Ng Teck Sim, Colin as an Independent Director, Mr Teo Guan Pian was recommended to the Nominating Committee for his appointment as an Independent Director for the purpose of complying with the code of Corporate Governance 2012, which recommends that at least 1/3 of the Board should comprise Independent Directors.

The Nominating Committee and the Board have reviewed, assessed and concluded that Mr Tee Guan Pian possesses the requisite qualification and experience to carry out his duties as an Independent Director of the Company, and accordingly 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 Independent Non-Executive Director, Chairman of Audit Committee, Chairman of Remuneration Committee and 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) None
Working experience and occupation(s) during the past 10 years 2008 to Present: Senior Partner/Director of UHY Malaysia
1995 to 2008: Partner of Morison Anuarul Azizan Chew & Co.
Shareholding interest in the listed issuer and its subsidiaries No
Other Directorships
Note: 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) Spring Gallery Berhad (formerly known as PFCE Berhad)
Present UHY Advisory (KL) Sdn Bhd
UHY GST Consulting Sdn Bhd
UHY Tax Advisory Sdn Bhd
UHY Taxation Sdn Bhd
UHY Governance Sdn Bhd
One Asia Advisory Sdn Bhd
Fortune Substance Sdn Bhd
Offshore Waves Sdn Bhd
Information Required Persuant To Listing Rule 704(7)(H)
(a) Whether at any time during the past 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 any 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 with any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? Yes
If yes, please provide full details Mr Tee was issued an administrative sanction on 12 July 2012 by the Audit Oversight Board (AOB) Malaysia with respect to one (1) particular Public Interest Entity arising from a routine inspection by AOB. However, his registration with AOB continued to be effective while his audit license and liquidation license were similarly not affected by the sanction.
Information Required persuant to Listing Rule 704(7)(I)
Note: Disclosure applicable to the appointment of Director only
Any prior experience as a director of a listed company? Yes
If yes, please provide full details Acted as Independent Non-Executive Director of Spring Gallery Berhad (formerly known as PFCE Berhad), a company listed on Bursa Malaysia from 9 September 2014 to 5 January 2015.

Mr Tee will attend a briefing on director's duties and obligations of Singapore listed companies.