News
Change - Announcement Of Appointment Of Independent Director
BackApr 15, 2019
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 15, 2019 18:29 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Director |
| Announcement Reference | SG190415OTHRDYTJ |
| Submitted By (Co./ Ind. Name) | Neo Cheow Hui |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The details of the contact person for the Sponsor are: Name: Mr. Nathaniel C.V. (Registered Professional, RHT Capital Pte. Ltd.) Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619, Tel: 6381 6757 |
| Additional Details | |
| Date Of Appointment | 15/04/2019 |
| Name Of Person | Wong Quee Quee, Jeffrey |
| Age | 44 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board has considered Mr. Wong Quee Quee, Jeffrey's qualifications, working experience and his capabilities, is of the view that Mr. Wong Quee Quee, Jeffrey is suitable to assume the role of Independent Director. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director, Member of the Audit Committee, Nominating Committee and Remuneration Committee |
| Professional qualifications | HKSI Licensing Examination for Securities and Futures Intermediaries Paper 1 from Hong Kong Securities Institute HKSI Licensing Examination for Securities and Futures Intermediaries Paper 2 from Hong Kong Securities Institute CMFAS Module 4A (Rules and Regulations for Advising on Corporate Finance) from the Institute of Banking and Finance Singapore CMFAS Module 1B (Rules and Regulations for Dealing in Securities (Non-SGX-ST Members)) from the Institute of Banking and Finance Singapore CMFAS Module 6 (Securities Products and Analysis) from the Institute of Banking and Finance Singapore Solicitor of the Supreme Court of England and Wales from Supreme Court of England and Wales Advocate and Solicitor of the Supreme Court of Singapore from Supreme Court of Singapore Bachelor of Laws (Honours) (Second Class Upper) from National University of 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 of any of its principal subsidiaries | NA |
| Conflict of interests (including any competing business) | NA |
| Working experience and occupation(s) during the past 10 years | November 2004 to September 2009 UBS AG, Singapore branch Associate Director, Director and subsequently Executive Director, Transactions Legal October 2009 to July 2010 UBS AG, Singapore branch Executive Director, Equity Capital Markets July 2010 to December 2011 Religare Capital Markets Corporate Finance Pte. Limited Chief Operating Officer, Investment Banking November 2011 to November 2012 Religare Capital Markets Corporate Finance Pte. Limited Chief Operating Officer November 2012 to November 2014 Religare Capital Markets Corporate Finance Pte. Limited Managing Director, Investment Banking November 2014 to November 2017 Religare Capital Markets Corporate Finance Pte. Limited Head of Investment Banking December 2017 to April 2018 SooChow CSSD Capital Markets (Asia) Pte. Ltd. Head of Investment Banking April 2018 to current SooChow CSSD Capital Markets (Asia) Pte. Ltd. Chief Executive Officer |
| 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 |
| Other Principal Commitments* Including Directorships# *"Principal Commitments" has the same meaning as defined in the Code # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). |
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| Past (for the last 5 years) | Year 2012 to Year 2016 Bartleet Wealth Management (Private) Limited (f.k.a. Religare Bartleet Capital Markets (Private) Limited) Non-Executive Director Year 2015 to Year 2015 Religare Capital Markets (Hong Kong) Limited Non-Executive Director Year 2010 to Year 2017 Religare Capital Markets Corporate Finance Pte. Limited (f.k.a. Religare Capital Markets Advisers Pte. Limited) Executive Director 2 May 2017 to 12 December 2017 Libra Group Limited Lead Independent Director, Chairman of the Audit Committee and member of the Nominating Committee and Remuneration Committee |
| Present | Year 2016 Proccuri Group Limited Independent Director, Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee Year 2018 SooChow CSSD Capital Markets (Asia) Pte. Ltd. (f.k.a. SooChow Securities Capital Markets (SEA) Private Limited) Executive Director and Chief Executive Officer Year 2018 Sunstone Capital Markets Pte. Ltd. Non-Executive Director Year 2013 Honestbee Pte. Ltd. (previously known as LifeOpp Pte. Ltd.) Non-Executive Director Year 2013 Solum Capital Limited Non-Executive Director Year 2013 The Cub SG Pte. Ltd. (previously known as Legalit Pte. Ltd.) Non-Executive Director |
| (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? | Yes |
| If Yes, Please provide full details | Wong Quee Quee, Jeffrey was an executive director of Religare Capital Markets Corporate Finance Pte. Limited ("RCMCF") between December 2010 and November 2017. In July 2016, RCMCF received a supervisory reminder from the Monetary Authority of Singapore ("Authority") informing RCMCF in respect of its breach of Regulation 6(1)(a) of the Securities and Futures (Financial and Margin Requirements for Holders of Capital Market Services Licenses) Regulations ("SF(FRM)R"), which required the holder of the capital market services license granted under the Singapore Securities and Futures Act to ensure that its financial resources do not fall below its total risk requirement. In July 2017, the Authority discovered another breach of the SF(FRM)R by RCMCF. After his resignation as executive director of RCMCF in November 2017, he was informed by RCMCF that the Authority had in February 2018, issued another supervisory reminder to remind RCMCF to ensure compliance with all applicable regulations at all time. |
| (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 | 2 May 2017 to 12 December 2017 Libra Group Limited Lead Independent Director, Chairman of the Audit Committee and member of the Nominating Committee and the Remuneration Committee Year 2016 to Current Proccuri Group Limited Independent Director, Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee |
| 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) | NA |