Date Of Appointment
01/01/2024
Name Of Person
CHIA Seng Hee
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 Nominating Committee and the Board have reviewed, assessed and concluded that Mr. Chia possesses
the requisite experience, qualification, skill sets and competencies to be the Lead Independent Director (LID) of the Company. The Board has approved his appointment.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive Independent
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
LID and Chairman of Audit and Risk Committee, a member of each of the RC and NC with effect from 1 Jan 2024
Professional qualifications
Degree in Accountancy, National University of Singapore
Master of Arts in International Relations, International University of Japan
Fellow of the Institute of Singapore Chartered Accountants
General Manager Program, Harvard Business School
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
Mr. Chia spent 20 years in both private and public sectors, substantially in Japan and China with Arthur
Anderson, Singapore Technologies, the Government of Singapore Investment Corporation (GIC) and the
Enterprise Singapore Board. Mr. Chia currently embarks on a career as a professional director, specialising
in corporate governance.
Director, Combine Will International Holding Limited (From Mar 2008 to Jun 2020)
Director, China Shenshan Orchard Holdings Co., Ltd (formerly known as Dukang Distillers Holdings
Limited) (From Jun 2008 to Oct 2021)
Director, Debao Property Development Limited (From May 2013 to March 2021)
Director, MM2 Asia Limited (From 2014 to Present)
Director, Ying Li International Real Estate Limited (From Jul 2018 to Present)
Director, China Hongcheng International Holdings Limited (From Jun 2007 to Dec 2016)
Director, Sunray Holdings Limited (From Dec 2007 to Mar 2015)
Director, Shanghai Turbo Enterprises Limited (From Feb 2008 to Oct 2018)
Director, AGV Group Limited (From Apr 2016 to May 2018)
Director, Guangzhao Industrial Forest Biotechnology Group Limited (From September 2011 to October 2011)
Director, Lifebrandz Limited (From August 2018 to November 2018)
Legal Representative, Jieyu Business Information Consulting (Chongqing) Limited Liability Company (From May 2020 to Present)
Director, CFM Holdings Limited (From October 2021 to Present)
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?
500 ordinary shares
# 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)
Director, Lifebrandz Limited (From August 2018 to November 2018)
Director, China Shenshan Orchard Holdings Co., Ltd (formerly known as Dukang Distillers Holdings Limited) (From June 2008 to October 2021)
Director, Debao Property Development Limited (From May 2013 to March 2021)
Director, Combine Will International Holding Limited (From Mar 2008 to June 2020)
Present
Independent and Non-Executive Director, MM2 Asia Limited
Lead Independent Director, Ying Li International Real Estate Limited
Legal Representative, Jieyu Business Information Consulting (Chongqing) Limited Liability Company
Lead Independent Director, CFM Holdings Limited
(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?
Yes
If Yes, Please provide full details
On 16 Feb 2022, the SGX reprimanded Debao Property Development Limited on breaches on Listing Rules.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, , Please provide details of prior experience
Currently an Executive Director of the Company