| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Nov 16, 2022 17:26 |
| Status | New |
| Announcement Sub Title | Announcement of Appointment of Group Financial Controller |
| Announcement Reference | SG221116OTHRQ1AO |
| Submitted By (Co./ Ind. Name) | Wang Heng |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Announcement of Appointment of Group Financial Controller |
| Additional Details | |
| Date Of Appointment | 16/11/2022 |
| Name Of Person | KWOK CHUNG CHIEH LINCOLN |
| Age | 46 |
| 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 of Directors, having considered the qualifications and working experience of Mr Kwok Chung Chieh Lincoln, is of the view that he has the requisite experience and capabilities to assume the responsibilities as Group Financial Controller of the Company. Accordingly, the Board has approved the appointment of Mr Kwok Chung Chieh Lincoln as Group Financial Controller of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Appointment: Executive Area of responsibility: Mr Kwok Chung Chieh Lincoln will be responsible for the group's finance and corporate functions, including financial, taxation, treasury and compliance matters of the Group. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Group Financial Controller |
| Professional qualifications | Bachelor of Engineering (Hons) in Electrical Engineering, National University of Singapore (1997-2001) Master of Accounting, Curtin University of Technology, Australia (2003-2005) Member of Institute of Singapore Chartered Accountants Fellow Member of Association of Chartered Certified Accountants Member of CPA Australia |
| 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 | New Silkroutes Group Limited Finance Director (November 2020 - April 2021) Pipeline Engineering Holdings Limited (now known as Trendzon Holdings Group Limited) (1865.HK) Financial Controller (June 2018 - October 2019) Starland Holdings Limited (now known as Luminor Financial Holdings Limited) Financial Controller (February 2016 - June 2018) Tritech Group Limited Financial Controller (June 2014 - July 2015) BDO LLP Assistant Audit Manager (Dec 2013 - May 2014) Tan & Teh Assistant Audit Manager (Feb 2012 - Oct 2013) |
| 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) | Altria Capital Pte. Ltd. Fund Insights Solutions Pte. Ltd. |
| Present | Bizval Corpadv Pte. Ltd. Bizval Properties 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? | Yes |
| If Yes, Please provide full details | Mr Kwok was Finance Director (being an executive officer) of New Silkroutes Group Limited ("NSG") from 16 November 2020 to 14 April 2021. International Energy Group Pte. Ltd. ("IEG"), a wholly-owned indirect subsidiary of NSG, was placed under creditors' voluntary liquidation on 5 January 2021. TXZ Tankers Pte. Ltd. a wholly-owned indirect subsidiary of IEG, and Century Master Pte. Ltd., a wholly-owned subsidiary of IEG, have been placed under creditors' voluntary liquidation on 19 July 2021. Mr Kwok was not appointed as director for any of the above mentioned subsidiaries of NSG. The liquidation of said subsidiaries was due to a strategic review of NSG's oil trading division as announced on 15 December 2020. |
| (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? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | N.A. |
