Change - Announcement Of Appointment Of Lead Independent Director And Reconstitution Of Board And Board Committees

BackJun 28, 2018
Announcement Title Change - Announcement of Appointment
Announcement Subtitle APPOINTMENT OF LEAD INDEPENDENT DIRECTOR AND RECONSTITUTION OF BOARD AND BOARD COMMITTEES
Securities CHASWOOD RESOURCES HLDGS LTD. (CHASWOOD)
Date & Time of Broadcast Jun 28, 2018 23:43
Submitted By ANDREW ROACH REDDY
MANAGING DIRECTOR
Description This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor ("Sponsor"), Asian Corporate Advisors Pte Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Company's Sponsor has not independently verified the contents of this announcement including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange 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 Mr Liau H. K.
Telephone number: 6221 0271
Appointment Details
Date of appointment Jun 28, 2018
Name of person Chng Hee Kok
Age 69
Country of principal residence Singapore
The Board's comments on this appointment Following the cessation of Prof. Roy Ling Chung Yee as the Lead Independent Director, Mr. Chng Hee Kok, was recommended to the Nominating Committee for his appointment as the Lead Independent Director for the purpose of complying with the Catalist Rules and Code of Corporate Governance 2012.

The Nominating Committee and the Board have reviewed, assessed and concluded that Mr. Chng Hee Kok, possesses the requisite qualification and experience to carry out his duties as the Lead Independent Director of the Company, and accordingly approved his appointment as the Lead Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility Non-Executive
Job title Lead 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 No
Conflict of interests (including any competing business) No
Working experience and occupation(s) during the past 10 years 2012 2016 CEO - LH Group Ltd
2011 2012 CEO - HG Metal Manufacturing Ltd
2009 2011 CEO - Hartawan Holdings Ltd
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) China Flexible Packaging Holdings Ltd
ChinaSing Investment Holdings Ltd
LH Group Ltd
Pacific Century Regional Developments Ltd
EL Corp Ltd
Hartawan Holdings Ltd
Infinio Group Limited
Present Samudera Shipping Line Ltd
Full Apex Holdings Ltd
Luxking Group Holdings Ltd
Ellipsiz Ltd
United Food Holdings Limited
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 Chng was fined S$5000 in 2007 under section 156 0f the Companies Act, Cap. 50 and was given warning under Section 28 (B)(b) of the Prevention of Corruption Act.
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 Samudera Shipping Line Ltd
Full Apex Holdings Ltd
Luxking Group Holdings Ltd
Ellipsiz Ltd
United Food Holdings Limited
China Flexible Packaging Holdings Ltd
ChinaSing Investment Holdings Ltd
LH Group Ltd
Pacific Century Regional Developments Ltd
EL Corp Ltd
Hartawan Holdings Ltd
Infinio Group Limited