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News
Change - Announcement Of Appointment Of Lead Independent Director, Chairman Of AC And Member Of NC
BackDec 31, 2021
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Dec 31, 2021 12:19 |
| Status | New |
| Announcement Sub Title | Appointment of Lead Independent Director, Chairman of AC and Member of NC |
| Announcement Reference | SG211231OTHR2JI6 |
| Submitted By (Co./ Ind. Name) | Dennis Au |
| Designation | Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Lead Independent Director, Chairman of AC and Member of NC |
| Additional Details | |
| Date Of Appointment | 31/12/2021 |
| Name Of Person | Melvin Chan Wai Leong |
| Age | 59 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board of Directors of the Company has considered, among others, the recommendation of the Nominating Committee and has reviewed and considered the qualification, work experience and suitability of Melvin Chan Wai Leong for appointment as Lead Independent Director, Chairman of the Audit Committee and a Member of the Nominating Committee of the Company. The Board have reviewed and concluded that Melvin Chan Wai Leong possesses the experience, expertise, knowledge and skills to contribute towards the core competencies of the Board. |
| Whether appointment is executive, and if so, the area of responsibility | Non-executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Lead Independent Director, AC Chairman, NC Member |
| Professional qualifications | Bachelor s Degree in Electrical & Electronics Engineering, National University of Singapore. Master of Business Administration degree, 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 any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Melvin Chan Wai Leong was formerly a Director and Chief Executive Officer of Ellipsiz Ltd, a SGX Mainboard-listed company. Mr Melvin Chan is presently the Managing Director of Synersys Capital, a firm providing business consultancy and advisory services. |
| 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 | Deemed Interest - 439,500 ordinary shares held through DBS Nominees Pte Ltd. |
| # 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) | Ellipsiz Ltd Ellipsiz DSS Pte Ltd iNETest Resources Pte Ltd SV Probe Pte Ltd JEP Holdings Ltd Ellipsiz (Shanghai) International Ltd Ellipsiz Semilab (Shanghai) Co., Ltd iNETest (Suzhou) Co., Ltd SV Probe (SIP) Co., Ltd iNETest Malaysia Sdn. Bhd. Crystal Scientific Corp Ellipsiz Taiwan Inc. Ellipsiz Taiwan Second Source Inc. SV Probe Technology Taiwan Co. Ltd SV TCL Kabushiki Kaisha SV Probe Inc. SV Technology Inc. Teem Holding Pte Ltd Advantech Corporation (Thailand) Co., Ltd Kita Manufacturing Co., Ltd Suzhou Silicon Information Technologies Co., Ltd |
| Present | Synersys Capital Pte Ltd Synersys Pte Ltd Yoong Lee Enterprises Pte Ltd iNETest Resources (Thailand) Ltd Excellent Scientific Instruments (M) Sdn. Bhd. Dioptrax Pte Ltd |
| (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 | Executive director of Ellipsiz Ltd (January 2008 to January 2018) Non-executive director of JEP Holdings Ltd (June 2010 to June 2018) Members of AC & RC of JEP Holdings Ltd (2011 to 2018) |