| Announce of Appointment of Chief Financial Officer | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | ASIA WATER TECHNOLOGY LTD. |
| Company Registration No. | 200210042R |
| Announcement submitted on behalf of | ASIA WATER TECHNOLOGY LTD. |
| Announcement is submitted with respect to * | ASIA WATER TECHNOLOGY LTD. |
| Announcement is submitted by * | Liu Yujie |
| Designation * | Director |
| Date & Time of Broacast | 08-Jun-2010 12:40:13 |
| Announcement No. | 00027 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Date of Appointment * | 08/06/2010 |
| Name * | Ong Chye Hong |
| Age * | 51 |
| Country of principal residence * | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * | The Nominating and Audit Committees have recommended the appointment of Ong Chye Hong as the Company's Chief Financial Officer. The Board of Directors has approved her appointment based on her qualification and work experience. Ms Ong was selected after she was found to be the most suitable candidate, following consideration of several other candidates. |
| Whether appointment is executive, and if so, area of responsibility * | Executive. Ms Ong will be responsible for supervising and overseeing the Group's finance and treasury, tax, legal and IT aspects and its operations. Her responsibilities will include but not limited to: • Preparing and reporting of quarterly results announcement to the Audit Committee/Board and SGX • Working closely with the PRC operational team to ensure proper monthly accounting and reporting of results and position • Assisting in the preparation of budgets & forecasts and business plans • Ensuring compliance with accounting standards and other regulatory requirements • Providing financial and management analyses and recommendations • Implementing effective internal control systems, financial procedures and processes to enhance compliance and improve quality and timeliness of accounts closing and reporting • Preparing and reporting of any other information that may either be made public or used by others inside or outside the Group • Liaising with external/internal auditors, tax agent, bankers, lawyers and company secretarial agent • Any other ad hoc assignments and projects assigned by the Executive Directors when required |
| Job Title * | Chief Financial Officer |
| Working experience and occupation(s) during the past 10 years * | 2008 - 2010 Auswin Holdings Limited (fka Middle East Development Singapore Ltd.) Chief Financial Officer 2005 - 2007 Miyoshi Precision Limited Financial Controller 2003 - 2005 HLS Electronics Financial Controller 2001 - 2003 Hor Kew Corporation Limited Financial Controller 1995 - 2000 Snap-On Tools Singapore Pte Ltd Finance Manager |
| 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 * | Nil |
| Conflict of interest * | Nil |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) | NA |
| Present | NA |
| >> 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? | No |
| If no, please provide details of any training undertaken in the roles and responsibilities of a director of a listed company | N.A. |
| Footnotes | Note: This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the Exchange. The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Huong Wei Beng (tel: 65-6221 5590) at 79 Anson Road #15-03 Singapore 079906. |
