Appointment of Independent Director
| CHANGE – ANNOUNCEMENT OF APPOINTMENT::APPOINTMENT OF INDEPENDENT DIRECTOR | |
| Issuer & Securities | |
| Issuer/ Manager | HALCYON AGRI CORPORATION LIMITED |
| Securities | HALCYON AGRI CORPORATION LTD – SG2F48989824 – 5VJ
HALCYONAGRI US$150M4.5%PERPSEC – XS1602310176 – 6V2B |
| Stapled Security | No |
| Announcement Details | |
| Announcement Title | Change – Announcement of Appointment |
| Date & Time of Broadcast | 23-Apr-2019 20:33:15 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Director |
| Announcement Reference | SG190423OTHRNV77 |
| Submitted By (Co./ Ind. Name) | Pascal Demierre |
| Designation | Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Lam Chun Kai @Lam Chung Kai as an Independent Director |
| Additional Details | |
| Date of Appointment | 23/04/2019 |
| Name of Person | LAM CHUN KAI @LAM CHUNG KAI |
| Age | 71 |
| Country of Principal Residence | Singapore |
| The Board’s comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr Lam Chun Kai @Lam Chung Kai was nominated by Sinochem International (Overseas) Pte. Ltd. pursuant to Regulation 95 of the Constitution of the Company, for election onto the Board of Directors of the Company at the Annual General Meeting held on 23 April 2019 (“AGM”)
The resolution in respect of the appointment of Mr Lam as a Director was carried at the AGM. |
| 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 |
| Professional Qualifications | MIChemE Chartered Engineer (UK) |
| 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 | None |
| Conflict of interests (including any competing business) | None |
| Working experience and occupation(s) during the past 10 years | 1. 2008 to 2011: Venture Director, Shell Eastern Petrochemical Complex 2. March 2012 to April 2013: CEO (Interim), Jurong Aromatics Corp, Singapore 3. February 2016 to August 2017: CEO, Jurong Aromatics Corp, Singapore 4. September 2017 to Present: Retired |
| 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) |
1. 2008 to 2015: Board member, Energy Market Authority Singapore 2. 2011 to 2015: Supervisory Board Member, Hertel Group, Netherlands 3. 2013 to 2014: Advisor to Chairman, Jurong Aromatics Corp, Singapore 4. 2011 to 2016: Supervisory Board Member, Royal Vopak, Netherlands 5. 2007 to 2016: Independent Director, Chairman of Remuneration Committee and Member of Strategy and Investment Committee, Sinochem International Corporation, China 6. 2007 to 2016 Executive Advisor to CEO, Yokogawa Electric, Japan |
| Present | None |
| (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 a listed company? | No |
| If No, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | The Company will make necessary arrangement for Mr Lam to attend the training programmes conducted by the Singapore Institut of Directors, to familiarise himself with the roles and responsibilities of a director of a company admitted to the Official List of the Singapore Exchange |