Investor Relations ASL Marine Holdings Ltd
News
Change - Announcement Of Appointment Of Independent Non-Executive Director
BackOct 29, 2021
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Oct 29, 2021 19:33 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Non-executive Director |
| Announcement Reference | SG211029OTHRTS29 |
| Submitted By (Co./ Ind. Name) | Koh Kai Kheng Irene |
| Designation | Group Financial Controller |
| Effective Date and Time of the event | 01/11/2021 08:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Independent Non-executive Director |
| Additional Details | |
| Date Of Appointment | 01/11/2021 |
| Name Of Person | David Hwang Soo Chin |
| Age | 73 |
| 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 has recommended the appointment of Mr. Hwang as an Independent Non-executive Director and the Board of Directors approved Mr. Hwang's appointment based on his qualifications, extensive working experience and knowledge. The Board with the recommendation from the Nominating Committee has considered the following: (i) the size and structure of the Board; (ii) the composition of the Board, including the balance and diversity of skills, experience and knowledge of members of the Board; and (iii) the experience, skills and qualifications of Mr. Hwang. The Board is of the view that Mr. Hwang's extensive working experience and knowledge will further complement and strengthen the core competencies of the Board. |
| 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 Non-executive Director, Chairman of Audit Committee, Member of Remuneration and Nominating Committees |
| Professional qualifications | Mr. Hwang graduated from the Queensland University in Australia with a Bachelor's Degree in Engineering (Chemical) and a Post-graduate Diploma in Computer Science. |
| 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 | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | Mr. Hwang has more than 30 years of corporate experience holding senior management positions including Financial Controller, Executive Director, Managing Director/CEO and Chairman for both public listed and private companies in various industries in Singapore, Malaysia, Indonesia, China and Australia. He was Deputy Chairman, Frasers Property China prior to his retirement in 2011. He was the Senior Advisor to the Sunway Group's China CEO during the period from 2012 to 2015. He was also Independent Non-executive director, Chairman of Nominating Committee and member of Audit Committee and Remuneration Committee of LCT Holdings Ltd during the period from 2007 to 2019. Mr. Hwang was an Independent Non-executive director, Chairman of Audit Committee and member of Nominating Committee and Remuneration Committee of ASL Marine Holdings Ltd. from January 2003 to October 2005. He is currently the Independent Non-executive director, Chairman of Remuneration Committee and member of Audit Committee and Nominating Committee of Singhaiyi Group 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? | Yes |
| Shareholding Details | Mr. Hwang is deemed to have an interest in 200,000 shares held by his spouse. |
| # 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) | LCT Holdings Limited |
| Present | Singhaiyi Group Ltd. Park Mall Pte. Ltd. One Levelup Pte. Ltd. Fu Pin Pte. Ltd. |
| (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 | Mr. Hwang is currently an Independent Non-executive Director, Chairman of Remuneration Committee, member of Audit Committee and Nominating Committee of Singhaiyi Group Ltd. |