News
Change - Announcement Of Appointment Of Independent Non-Executive Director ("INED")
BackOct 08, 2019
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Oct 8, 2019 17:41 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Non-Executive Director ("INED") |
| Announcement Reference | SG191008OTHR2PQ3 |
| Submitted By (Co./ Ind. Name) | Salvatore Gregory Takoushian |
| Designation | Executive Director and CEO |
| Effective Date and Time of the event | 08/10/2019 00:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Appointment of INED. Sponsor's Statement: DBS Bank Ltd. was the sole financial adviser and issue manager for the initial public offering of Eagle Hospitality Trust. |
| Additional Details | |
| Date Of Appointment | 08/10/2019 |
| Name Of Person | Ng Kheng Choo (Huang Qiongzhu) |
| Age | 45 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Ms Ng Kheng Choo ("Ms Ng") has had the relevant qualification and experience in corporate finance, particularly her experience in real estate and the local capital market which will be relevant for the growth for Eagle Hospitality Trust. The addition of Ms Ng to the Board of the Managers will enhance the current Board comprising individuals with diversified skills, knowledge and experience. The Board having reviewed the experience and credentials of Ms Ng and considered the recommendation of the Nominating and Remuneration Committee ("NRC"), has approved the appointment of Ms Ng as INED of Eagle Hospitality REIT Management Pte. Ltd., as manager ("the REIT Manager") of Eagle Hospitality Real Estate Investment Trust ("EHT") and Eagle Hospitality Business Trust Management Pte. Ltd., as trustee-manager of EHT. |
| Whether appointment is executive, and if so, the area of responsibility | No |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director |
| Professional qualifications | Chartered Accountant-Institute of Singapore Chartered Accountants |
| 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 | June 2013 - Present Independent Director and Chairman of Nominating Committee of Isoteam Ltd. October 2018 - Present Re-designated as an Independent Director of OKH Global Limited August 2016 - October 2018 Non-Executive Director of OKH Global Limited July 2014 - September 2016 Chief Operating Officer and Chief Financial Officer of SingHaiyi Group Ltd November 2012 - Present General Manager Investment (Singapore) of Sichuan Chuan Wei Group Co., Ltd January 2012 - 31 March 2013 Head of Investor Relations of Sichuan Chuan Wei Group Co., Ltd December 2011 - January 2013 Project Consultant of Sichuan Chuan Wei Group Co., Ltd March 2007 - April 2011 Chief Financial Officer of Sapphire Corporation Limited (SGX-Mainboard Listed) |
| 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). |
|
| Past (for the last 5 years) | Nil |
| Present | OKH Global Limited Isoteam Ltd VIT Consultancy Pte Ltd Beehive Asset Management Pte Ltd Eagle Hospitality Business Trust Management Pte. Ltd. (as trustee-manager of Eagle Hospitality Trust) |
| (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 | Independent Director of OKH Global Limited Independent Director and Chairman of Nominating Committee of Isoteam Ltd |