| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Oct 1, 2022 8:15 |
| Status | New |
| Announcement Sub Title | CHANGE IN THE ROLE OF DEPUTY CHAIRMAN |
| Announcement Reference | SG221001OTHRT8J3 |
| Submitted By (Co./ Ind. Name) | Kevin Cho |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | CHANGE IN THE ROLE OF DEPUTY CHAIRMAN - MR PATRICK NG BEE SOON |
| Additional Details | |
| Date Of Appointment | 01/10/2022 |
| Name Of Person | Patrick Ng Bee Soon |
| Age | 59 |
| Country Of Principal Residence | Singapore |
| Date of last re-appointment (if applicable) | 23/06/2020 |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | Pursuant to the role of the Deputy Chairman of the Company having been reverted from a non-executive to an executive position, the Nominating Committee (NC) has recommended to the Board of Directors of the Company (the Board) that Mr Ng should remain and serve as Deputy Chairman of the Company in the new executive role, taken into consideration of Mr Ng's educational background, his active involvement and in-depth knowledge in the Group's businesses for more than three decades, and his previous experiences as Deputy Chairman of the Company in the same executive role from March 2011 to February 2018 and also an executive chairman of another public-listed company. The Board has considered and accepted the NC's recommendation and is of the view that Mr Ng remains as Deputy Chairman of the Company in the new executive role would be beneficial to the Board and the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Executive appointment. The main duties would be to focus on the Group's overall growth strategies and also oversee the overseas investment portfolios of the Group. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Deputy Chairman Executive Committee Member Nominating Committee Member |
| Professional qualifications | Bachelor of Science degree |
| 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 | Mr Patrick Ng Bee Soon is a substantial shareholder of the Company. He is brother of Mr Ng Han Whatt (substantial shareholder), Ms Jane Kimberly Ng Bee Kiok (Non-Executive Director and substantial shareholder) and Ms Ng Bee Bee (Chief Executive Officer and substantial shareholder). |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | 2011 - current Deputy Chairman of Pan-Untied Corporation Ltd 2017 - 2020 Executive Chairman of Xinghua Port Holdings Ltd |
| 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? | Yes |
| Shareholding Details | Mr Ng holds 34,962,037 ordinary shares in the Company. |
| # 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) | Refer to the attachment. |
| Present | Refer to the attachment. |
| (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 | Yes |
| If Yes, Please provide full details | Mr Patrick Ng Bee Soon was a director of Changshu Changjiang International Port Co., Ltd (CCIP), an indirect subsidiary of Xinghua Port Holdings Ltd (XPH). Mr Ng was also the Executive Chairman of XPH. XPH was then listed on the Main Board of The Stock Exchange of Hong Kong Limited, but was subsequently delisted on 20 November 2020. In 2018, the Suzhou Safety Supervision Bureau of the People's Republic of China investigated CCIP for a breach of safety regulations relating to a cargo unloading operation incident. Following the investigation, an administrative penalty was imposed on CCIP. Mr Ng was not named in the investigation and no administrative penalty or other finding of liability was imposed on or issued against Mr Ng. |
| (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 Ng has been a Director of the Company since 25 May 1993. |
| 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. |
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