| Announce of Appointment of Executive Director | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | CARRIERNET GLOBAL LTD |
| Company Registration No. | 198404341D |
| Announcement submitted on behalf of | CARRIERNET GLOBAL LTD |
| Announcement is submitted with respect to * | CARRIERNET GLOBAL LTD |
| Announcement is submitted by * | ONG WEI JIN |
| Designation * | Company Secretary |
| Date & Time of Broacast | 15-Nov-2009 22:11:44 |
| Announcement No. | 00005 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Date of Appointment * | 13/11/2009 |
| Name * | Wong Lock Chee |
| Age * | 53 |
| Country of principal residence * | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * | The Company had received a requisition notice dated 8 October 2009 from two shareholders to call for an Extraordinary General Meeting ("EGM") to move resolutions to remove Mr Chow Tat Ming Henry as a director of the Company and to appoint Mr Wong Lock Chee as a director of the Company, both with effect from the date of the EGM. For more information, please refer to announcements made on 16 October 2009 and 4 November 2009. Having regard to all the circumstances, the Board has determined that its acceptance of Mr Chow's resignation as an executive director of the Company and the appointment of Mr Wong as an executive director of the Company are in the best interests of the Company. |
| Whether appointment is executive, and if so, area of responsibility * | Appointment is executive and to review overall business of the Company and to identify new strategic investment for the Company. |
| Job Title * | Executive Director |
| Working experience and occupation(s) during the past 10 years * | Mr Wong Lock Chee has more than 25 years of experience in the IT and electronics industry. From 1977 to 1989, Mr Wong was the regional sales manager in building multi-million dollar Distribution Company with regional offices dealing with leading brands of IT products. From 1989 to 2003, he was involved in the setting up of a joint venture factory with a Japanese group in the manufacturing of air-conditioners in Vietnam. From 2004 to present, Mr Wong held several directorships in the food and beverage industry, the financial and property sector. |
| Shareholding in the listed issuer and its subsidiaries * | 11,838,000 shares |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Nil |
| Conflict of interest * | No |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) | No |
| Present | 1989 - Present Director, Siamese Fins Restaurant Pte Ltd 2002 - Present Director, 3G Telecoms Pte Ltd 2003 - Present Director, Mataban Development Pte Ltd 2004 - Present Director, AG World Pte Ltd 2005 - Present Director, Easi Advance Pte Ltd 2005 - Present Director, Pasir Ria Development Pte Ltd 2009 - Present Director, Business Corporate Services Pte Ltd 2009 - Present Director, Next Capital Pte Ltd 2009 - Present Director, Next Capital JV Pte Ltd 2009 - Present Director, Next Capital Holdings Pte Ltd 2009 - Present Director, Jethro Investment Pte Ltd 2009 - Present Executive Director, Falmac Limited |
| >> Information required under Rule 704(7)(h) | |
| Disclose the following matters concerning a director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given. | |
| (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 under Rule 704(7)(i) | |
| Disclosure applicable to the appointment of Director only. | |
| Any prior experience as a director of a listed company? | Yes |
| If yes, please provide details of prior experience | Appointed Executive Director of Falmac Limited on 5 October 2009 |