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News

ANNOUNCEMENT OF APPOINTMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

BackSep 23, 2011

Appointment Details
Date of Appointment		23/09/2011
Name		Dr Ong Seh Hong
Age		49
Country of principal residence		Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)		The Nominating Committee of the Company has reviewed the qualification, experience and independence of Dr Ong and has recommended his appointment to the Board as an Independent Non-Executive Director of the Company. The Board has considered the recommendation and is of the view that Dr Ong Seh Hong's appointment will be valuable and beneficial to the Group.
Whether appointment is executive, and if so, area of responsibility		No
Job Title		Independent Non-Executive Director, Nominating Committee Member, Audit Committee Member and Remuneration Committee Member
Working experience and occupation(s) during the past 10 years		Current appointment Alexandra Hospital/Khoo Teck Puat Hospital (Aug 2009- Current) Senior Consultant Psychiatrist Past Appointment Ren Ci Hospital & Medicare Centre / Ren Ci Community Hospital (2000-2009) -Last Appointment as Clinical Director/ Chief Operation Officer Government of Singapore Investment Corporation Pte Ltd (GIC) (1997-1999) -Last appointment as Vice President (Corporate Services), GIC Special Investment Pte Ltd- a direct investment and private equity arm of GIC
Shareholding in the listed issuer and its subsidiaries		None
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries		None
Conflict of interest		None
Other Directorship
Past (for the last five years)		Board of Director & Chairman (Volunteers & Social Services Committee), Chinese Development & Assistance Council (2004- 2010)
Present		Zhongmin Baihui Retail Group Ltd Dyna-Mac Holdings Ltd
Information required pursuant to Listing Rule 704(7)(h)
a.	Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner?	No
b.	Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency?	No
c.	Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach?	No
f.	Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation?	No
h.	Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation?	No
i.	Whether he has ever been the subject of any order, judgement 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,	No
	in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
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
Information required pursuant to Listing Rule 704(7)(i)
	Any prior experience as a director of a listed company?	Yes
	If yes, please provide details of prior experience.	Refer to the present directorship section under "Other Directors" above.
Other Notes
Footnotes		THE INITIAL PUBLIC OFFERING OF THE COMPANY'S SHARES WAS SPONSORED BY UNITED OVERSEAS BANK LIMITED (THE "ISSUE MANAGER"). THE ISSUE MANAGER ASSUMES NO RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT.