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Change - Announcement Of Appointment Of Independent Director

BackMay 15, 2017
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast May 15, 2017 17:10
Status New
Announcement Sub Title Appointment of Independent Director
Announcement Reference SG170515OTHRQY59
Submitted By (Co./ Ind. Name) Yeo Lee Luang
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Appointment of Mr Wu Geng as an Independent Director of the Company.
Additional Details
Date Of Appointment 15/05/2017
Name Of Person Wu Geng
Age 46
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Nominating Committee, having evaluated Mr Wu's qualifications and work experience, has recommended the appointment of Mr Wu as an independent director of the Company. The Board has accepted the recommendation of the Nominating Committee and approved Mr Wu's appointment. The Board considers Mr Wu to be independent for the purpose of Rule704(8) of the listing manual of the Singapore Exchange Securities Trading Limited.
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 as well as Chairman of the Nominating Committee, a member of Audit and Remuneration Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries N.A
Conflict of interests (including any competing business) N.A
Working experience and occupation(s) during the past 10 years Mr Wu practiced with Drew & Napier LLC since April 2008, and has been a director at Drew & Napier LLC since May 2016. Prior to his current role, Mr Wu worked at Hoh Law Corporation as a legal executive from November 2003 to April 2008.
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) (1) Sinopipe Holdings Limited
(2) CFLD (Singapore) Investment Pte Ltd
(3) CFLD Investment III Pte Ltd
Present (1) Foreland Fabrictech Holdings Limited
(2) Shengli Oil & Gas Pipe Holdings Limited
(3)Drew & Napier LLC, Singapore
(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 a listed company? Yes
If Yes, Please provide details of prior experience Mr Wu is currently an independent director of Foreland Fabrictech Holdings Limited and Shengli Oil & Gas Pipe Holdings Limited, companies listed on the Singapore Stock Exchange and the Stock Exchange of Hong Kong, respectively.