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| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | May 1, 2024 9:35 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Director |
| Announcement Reference | SG240501OTHR50L1 |
| Submitted By (Co./ Ind. Name) | Mak Mei Yook |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Philip Yeo Liat Kok as an Independent Director of the Company. |
| Additional Details | |
| Date Of Appointment | 01/05/2024 |
| Name Of Person | Philip Yeo Liat Kok |
| Age | 77 |
| 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) | Upon the recommendation of the Nominating Committee, the Board of Directors has approved the appointment of Mr Yeo taking into account, amongst others, his extensive global experience and network, and his experience as a director of SGX-listed companies including as chairman and member of various board committees. The Board of Directors consider Mr Yeo to be independent. |
| Whether appointment is executive, and if so, the area of responsibility | No |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Independent Director The Chairmen of the Board, Nominating Committee and Remuneration Committee |
| Professional qualifications | Bachelor of Applied Science (Industrial Engineering) and Honorary Doctorate in Engineering from the University of Toronto, Canada Master of Science (Systems Engineering) from the University of Singapore Master of Business Administration from Harvard University, USA Honorary Doctor in Medicine from the Karolinska Institutet, Sweden Honorary Doctor of Science by Imperial College, London Honorary Doctor of Letters from National University of Singapore Honorary Doctor of Law from Monash University, Australia Honorary Fellow of King's College, London Honorary Doctor of Letters from Nanyang Technological University, 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 | Chairman, Economic Development Innovations Singapore Pte Ltd (2013 - Present) Chairman, SPRING (Standards, Productivity and Innovation Board) Singapore (2007 - 2018) Special Advisor for Economic Development, Prime Minister s Office (2007 - 2011) |
| 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) | Independent Directors of: The Board of Saudi Arabian Military Industry (SAMI) (2018 - 2021) Kerry Logistics Network Limited (2013 - 2021) |
| Present | Chairman of the Board of Directors of: Accuron Technologies Ltd Advanced MedTech Holdings Pte. Ltd. Economic Development Innovations Singapore Pte Ltd i-Globe Partners Member of the Board of Directors of: City Developments Limited QAF Limited Sunway Berhad |
| (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 | A Director of: QAF Limited (2022 - Present) City Developments Limited (2009 - Present) United Overseas Bank Limited (2000 - 2012) CapitaLand Limited (2000 - 2004) Pidemco Land (1999 - 2000) Sembcorp Industrial Ltd (1998 - 1999) Sembawang Shipyard Ltd (1994 - 1997) |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | Not applicable |
