| Announce of Appointment of Independent Director and AC Chairman | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | CHINA SKY CHEM FIBRE CO., LTD. |
| Company Registration No. | CT-146759 |
| Announcement submitted on behalf of | CHINA SKY CHEM FIBRE CO., LTD. |
| Announcement is submitted with respect to * | CHINA SKY CHEM FIBRE CO., LTD. |
| Announcement is submitted by * | Hui San Wing |
| Designation * | Company Secretary |
| Date & Time of Broacast | 14-Sep-2012 11:26:36 |
| Announcement No. | 00024 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Date of Appointment * | 13/09/2012 |
| Name * | Er Kwong Wah |
| Age * | 66 |
| 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 reviewed and considered Mr Er Kwong Wah's qualification and work experience and is of the opinion that he is suitable for the role of Independent Director of the Company. |
| Whether appointment is executive, and if so, area of responsibility * | Non-Executive |
| Job Title * | Independent Director and AC Chairman |
| Working experience and occupation(s) during the past 10 years * | 1970 - 1974 Engineer, Ministry of Defence 1975 - 1986 Senior Civil Servant in a number of Government Ministries 1987 - 1997 Permanent Secretary Education, Community Development 1998 - 2003 Executive Chairman/Director of Government Linked Companies 2001 - Present Director of 6 listed companies |
| Shareholding in the listed issuer and its subsidiaries * | No |
| 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 # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) | ASA GROUP HOLDINGS LTD ASKNLEARN PTE LTD ASIAN RESOURCE GLOBAL STRATEGIES INC. CATHAY ED-VENTURES PTE LTD CHINA SKY CHEMICAL FIBRE CO., LTD J.L. CHANCELLOR PTE LTD SIM UNIVERSITY SINGAPORE POLYTECHNIC INTERNATIONAL PTE LTD SUN CRUISES HOLDINGS PTE LTD SUN EAST GROUP LTD THE UWCSEA FOUNDATION LIMITED THE THAI PRIME FUND LIMITED UNIDUX ELECTRONICS LIMITED UNITED WORLD COLLEGE OF SOUTH EAST ASIA WOOD PLUS PTE. LTD. |
| Present | CHINA ESSENCE GROUP LTD CHINA OILFIELD TECHNOLOGY SERVICE GROUP LTD COSCO CORPORATION (SINGAPORE) LIMITED EAST ASIA INSTITUTE OF MANAGEMENT PTE. LTD. EUCON HOLDING LIMITED FIRSTLINK INVESTMENTS CORPORATION LIMITED HARTAWAN HOLDINGS LIMITED INFINITY CAPITAL PARTNERS (S) PTE LTD RAFFLES INSTITUTION (S) PTE LTD RAFFLES JUNIOR COLLEGE (S) PTE LTD TSAO FOUNDATION GKE CORPORATION 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 | Yes China Sky Chemical Fiber Co., Ltd is under investigation by CAD for alleged breach in disclosure on IPT by its former AC Chairman ( S K Lai ). |
| (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? | Yes Yes. For not complying with the SGX Directive to China Sky Chemical Fibre Co., Ltd. to appoint a Special Auditor, the Company together with its Board of Directors were given a public reprimand on 16 December 2011. |
| >> 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 | Please see OTHER DIRECTORSHIPS above. |
© 2012 SGX News
