| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Oct 9, 2020 22:11 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Director |
| Announcement Reference | SG201009OTHRX8PQ |
| Submitted By (Co./ Ind. Name) | Anthony Brian Taylor |
| Designation | Executive Chairman |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Wayne Robert Porritt as an Independent Director of the Company. |
| Additional Details | |
| Date Of Appointment | 09/10/2020 |
| Name Of Person | Wayne Robert Porritt |
| Age | 52 |
| Country Of Principal Residence | Australia |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board of Directors, having considered the assessment and recommendation by the Nominating Committee, and having reviewed and considered Mr Wayne Robert Porritt's qualifications and experiences, is of the view that Mr Porritt possesses the requisite experience and capabilities to assume the role as an Independent Director of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is non-executive. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, ARC Member, NC Member and RC Chairman |
| Professional qualifications | Graduate, Australian Institute of Company 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 | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | June 2020 to Current: Floatel International Limited - Independent Non-Executive Director March 2020 to Current: Skylight Financial Solutions Pty Limited - Non-Executive Director March 2018 to Current: Oxfam Hong Kong - Council & Association Member; Committee Member - Finance, Risk and Audit Committee January 2019 to September 2020: Noble Group Holdings Limited - Consultant/ Adviser March 2018 to December 2018: Noble Group Limited - Independent Non-Executive Director January 2018 to April 2018: Quantrex Capital Pty Limited - Director Standard Chartered Bank October 2015 to June 2017: Standard Chartered Bank, Hong Kong - Regional Chief Risk Officer, Greater China & North Asia Standard Chartered Bank (Taiwan) Limited - Non-Executive Director Standard Chartered Bank Korea Limited - Non-Executive Director February 2014 to October 2015: Standard Chartered Bank, London - Senior Regional Credit Officer - Corporate, Institutional & Commercial March 2011 to February 2014: Standard Chartered Bank, Hong Kong - Chief Credit Officer - Hong Kong & Japan October 2008 to February 2011: Standard Chartered Bank, Hong Kong - North East Asia Regional Head, Group Special Assets Management |
| 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) | March 2018 to December 2018: Noble Group Limited - Independent Non-Executive Director January 2018 to April 2018: Quantrex Capital Pty Limited - Director October 2015 to June 2017: Standard Chartered Bank, Hong Kong - Regional Chief Risk Officer, Greater China & North Asia and Non-Executive Director of Standard Chartered Bank (Taiwan) Limited & Standard Chartered Bank Korea Limited February 2014 to October 2015: Standard Chartered Bank, London - Senior Regional Credit Officer - Corporate, Institutional & Commercial |
| Present | Floatel International Limited - Independent Non-Executive Director Skylight Financial Solutions Pty Limited - Non-Executive Director Oxfam Hong Kong - Council & Association Member and Finance, Risk & Audit Committee Member Immobilari Pty Limited - Director Consigliere Australia Pty Limited - Director Queensland Institute of Medical Research Berghofer - Animal Ethics Committee Member The Pinnacle Foundation - Queensland Committee Chair Member |
| (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 | Please refer to the Appendix A as attached. |
| (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 | Yes |
| If Yes, Please provide full details | Please refer to the Appendix B as attached. |
| (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 Wayne Robert Porritt was previously an Independent Non-Executive Director of Noble Group Limited (SGX Mainboard Listing). |
Attachments