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Announcement Of Appointment Of Executive Director
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May 22, 2013
| Appointment Details | ||
| Date of Appointment | 22/05/2013 | |
| Name | Chong Sien Chern, Cedric | |
| Age | 33 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Pursuant to the completion of the Master Agreement dated 2 March 2013, entered into between Qumulus Pte. Ltd. and Lux Leisure Pte. Ltd., a wholly owned subsidiary of the Company, Mr Chong Sien Chern, Cedric is to be appointed to the board of the Company. The proposed appointment has been reviewed by the Nominating Committee based on Mr Cedric Chong's qualifications, experiences and suitability and approved by the Board of Directors. | |
| Whether appointment is executive, and if so, area of responsibility | Oversees the outlets' business operations and strategies of the Group | |
| Job Title | Executive Director | |
| Working experience and occupation(s) during the past 10 years | July 2009- present Massive Collective Pte Ltd-Managing Director October 2006- present Intersovo Pte Ltd-Managing Director May 2005- September 2006 Tech3C Ventures Pte Ltd-Managing Director January 2003- December 2004 Webwaveasia/Focushub-Executive Director |
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| Interest in the listed issuer and its subsidiaries | Mr Cedric Chong is deemed to have an interest in the 300,000,000 shares held by Qumulus Pte Ltd, by virtue of Section 7 of the Singapore Companies Act, Chapter 50. | |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil | |
| Conflict of interest | Nil | |
| Other Directorship | ||
| Past (for the last five years) | VRZ Pte Ltd-struck off Jobpair Pte Ltd-struck off L2 Hosting-de register sole proprietorship Webwave asia-de register sole proprietorship Wholivesnearyou-de register partnership tech3c ventures-de register sole proprietorship plush entertainment-de register sole proprietorship |
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| Present | 1. Intersolo Pte Ltd 2. Media Gorilla Pte Ltd 3. Sitesbase Pte Ltd 4. Massive Collective Pte Ltd 5. Qumulus Pte Ltd 6. Filter Entertainment Pte Ltd 7. Foodbar Dada Pte Ltd 8. Stratus Pte Ltd 9. RVL Pte Ltd 10. Calibre Models Pte Ltd 11. Sirrus Ventures Pte Ltd 12. Playhouse Club Pte Ltd 13. Arc Events Pte Ltd 14. Mimbus Ventures Pte Ltd 15. Tech3C Ventures Pte Ltd |
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| Information required pursuant to Listing Rule 704(7)(h) | ||
| a. | Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| b. | Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| c. | Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| f. | Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? | No |
| h. | Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| i. | Whether he has ever been the subject of any order, judgement 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 |
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| (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 |
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| (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 |
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| (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, | No |
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| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | ||
| 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 |
| Information required pursuant to Listing Rule 704(7)(i) | ||
| Any prior experience as a director of a listed company? | No | |
| If yes, please provide details of prior experience. | Mr Cedric Chong will be briefed on his role and obligations as a director under the listing rules as well as the relevant laws and regulations of a director of a public listed Company in Singapore.The Company will arrange training as and when necessary. |
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