News
Change - Announcement Of Appointment Of Independent Non-Executive Director
Apr 14, 2025
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 14, 2025 18:42 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Non-Executive Director |
| Announcement Reference | SG250414OTHRU3XC |
| Submitted By (Co./ Ind. Name) | Ng Boon Hui |
| Designation | Executive Chairman and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST 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 Ms Lim Qi Fang (Tel: (65) 6232 3210), at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542. |
| Additional Details | |
| Date Of Appointment | 15/04/2025 |
| Name Of Person | Soh Chun Bin (Su Chunbin) |
| Age | 51 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Board having considered the recommendation of the Nominating Committee and assessed Mr. Soh Chun Bin's qualification and work experience, is of the view that Mr. Soh Chun Bin has the requisite experience and capabilities to assume the duties and responsibilities of the Lead Independent Director of the Company. The Board considers Mr. Soh Chun Bin to be independent for the purpose of Rule 704(7) of the Listing Manual Section B: Rules of the Catalist of the SGX-ST. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, member of Audit Committee and Nominating and Remuneration Committee |
| Professional qualifications | Advocate & Solicitor, Supreme Court of Singapore Bachelor of Laws (Hons), National University of Singapore |
| 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 | Oct 2022 to present: Icon Law LLC - Managing Director Nov 2018 to Oct 2022: Insights Law LLC - Director and Head of Capital Markets Jan 2017 to Oct 2018: Fortis Law Corporation - Head of Corporate and Commercial Group Oct 2015 to Dec 2016: Victoria Medical Beauty Group Pte. Ltd. - Managing Director Oct 2014 to Sep 2015: Olive Tree Estates Limited (f.k.a. Changjiang Fertilizer Holdings Limited) - Chief Executive Officer |
| 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) | Directorships: Isoteam Ltd. Geo Energy Resources Limited Insights Law LLC Victoria Medical Beauty Group Pte. Ltd. (dissolved) Other principal commitments: Please refer to "Working experience and occupation(s) during the past 10 years" section above. |
| Present | Directorships: Discharged Energy Pte. Ltd. Yongmao Holdings Limited Icon Corpserv Pte. Ltd. Icon Law LLC Lumix Partners Pte. Ltd. Charged Asia Pte. Ltd. Hazon Capital Pte. Ltd. Lorenzo International Limited Cloudzen Alpha Pte. Ltd. Triyards Holdings Limited Other principal commitments: Please refer to "Working experience and occupation(s) during the past 10 years" section above. |
| (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? | Yes |
| If Yes, Please provide full details | 1. Mr. Soh Chun Bin is an independent non-executive director of Triyards Holdings Limited ("Triyards") since 31 August 2012. Triyards has been placed in liquidation by way of compulsory winding up on grounds of insolvency with effect from 24 August 2022. 2. Mr. Soh Chun Bin was an executive director of Victoria Medical Beauty Group Pte. Ltd. ("Victoria Medical") since 7 May 2015. Victoria Medical has been liquidated by way of compulsory winding up on grounds of insolvency with effect from 3 August 2018. |
| (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. Soh Chun Bin is a current independent director of the following companies listed on SGX: 1. Yongmao Holdings Limited 2. Lorenzo International Limited He had also been a director of Isoteam Ltd. and Geo Energy Resources Limited. |