Investor Relations ASL Marine Holdings Ltd
News
Change - Announcement Of Re-Designation Of NEID To NENID
BackDec 20, 2024
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Dec 20, 2024 17:31 |
| Status | New |
| Announcement Sub Title | Re-designation of NEID to NENID |
| Announcement Reference | SG241220OTHRSIX9 |
| Submitted By (Co./ Ind. Name) | Koh Kai Kheng Irene |
| Designation | Group Financial Controller |
| Effective Date and Time of the event | 20/12/2024 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Re-designation of Non-Executive and Independent Director (NEID) to Non-Executive and Non-Independent Director (NENID) |
| Additional Details | |
| Date Of Appointment | 20/12/2024 |
| Name Of Person | Tan Sek Khee |
| Age | 69 |
| Country Of Principal Residence | Singapore |
| Date of last re-appointment (if applicable) | 31/10/2023 |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | Mr. Tan Sek Khee has served on the Board of Directors for an aggregate period of more than 9 years from the date of his first appointment (1 January 2014). Pursuant to Rule 210(5)(d)(iv) and Transitional Practice Note 4 of the SGX Listing Manual, Mr. Tan Sek Khee is no longer deemed independent on the conclusion of the Company's Annual General Meeting ("AGM") held on 19 December 2024. The Board approved the re-designation of Mr. Tan Sek Khee from Non-Executive and Independent Director to Non-Executive and Non-Independent Director of the Company. The Board has determined that Mr. Tan Sek Khee's continued involvement as a Non-Executive and Non-Independent Director with effect from 20 December 2024 is in the best interests of the Company. Mr. Tan Sek Khee has abstained from making any recommendation and decision in respect of his re-designation. Upon re-designation, Mr. Tan Sek Khee will remain as a member of the Audit Committee ("AC") , Nominating Committee ("NC") and Remuneration Committee ("RC"). |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Non-Independent Director, a member of AC, NC and RC. |
| Professional qualifications | Mr. Tan Sek Khee graduated with a Bachelor of Commerce from Nanyang University in 1979. He is also a registered member of Singapore Institute of Directors. |
| 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 | 2024 to present - Director, Cyber Data Centre Pte Ltd 2024 to present - Director, Cybercore I Pte Ltd 2024 to present - Director, Cybercore International Pte Ltd 2014 to present - Non-executive and Non-independent Director, member of the AC, NC and RC of the company 2010 to present - Director, Great Asia Holding Pte. Ltd. 2013 to 2023 - Independent Director, Chairman of RC, Ying Li International Real Estate Limited 2011 to 2018 - Independent Director, Chairman of RC, member of AC and RC, Europtronic 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? | 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) | - Director, Ying Li International Real Estate Limited |
| Present | - Director, Cyber Data Centre Pte Ltd - Director, Cybercore I Pte Ltd - Director, Cybercore International Pte Ltd - Director, Great Asia Holding 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 Tan Sek Khee is a director of the Company. He was also formerly a director of Europtronic Group Ltd and Ying Li International Real Estate Limited. |