| Announce of Appointment of Executive Director | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | M DEVELOPMENT LTD. |
| Company Registration No. | 200201764D |
| Announcement submitted on behalf of | M DEVELOPMENT LTD. |
| Announcement is submitted with respect to * | M DEVELOPMENT LTD. |
| Announcement is submitted by * | Dali Kumar Bin Sardar |
| Designation * | Executive Director |
| Date & Time of Broacast | 01-Sep-2010 20:01:43 |
| Announcement No. | 00191 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Date of Appointment * | 01/09/2010 |
| Name * | Sim Pei Yee |
| Age * | 31 |
| Country of principal residence * | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * | With the completion of the acquisition of 51% of the issued share capital of Wintsa Holding Pte Ltd by M DEVELOPMENT LTD. ("the Company") on 23rd August 2010, the Company will be engaged in the business of management of hostels catering primarily to the foreign student population in Singapore ("New Business"). The Nominating Committee has recommended Ms. Sim Pei Yee's appointment as Executive Director to the Board and the Board was of the opinion that Ms. Sim possess the requisite working experience, knowledge and capabilities to develop and grow the New Business. Ms. Sim will not be drawing any salary or fees from the Company. She is paid in accordance to the Service Contract with Winsta Holding Pte Ltd. |
| Whether appointment is executive, and if so, area of responsibility * | Executive - to oversee the operations of the New Business. |
| Job Title * | Executive Director |
| Working experience and occupation(s) during the past 10 years * | From 2002 to 2005 Accounts Executive, Hartawan Holdings Limited (formerly known as Vita Holdings Limited) From 2005 to 2007 Promoted to Finance Manager, Hartawan Holdings Lmited (formerly known as Vita Holdings Limited) From 2007 to June 2008 Promoted to Senior Operations Manager, Hartawan Holdings Limited (formerly known as Vita Holdings Limited) From July 2008 to September 2009 Finance Manager of Katong Hostel Pte Ltd From September 2009 to Present Executive Director of Winsta Holding Pte Ltd |
| Interest in the listed issuer and its subsidiaries * | Deemed interested in the 12,227,208 shares held by Vita Global Pte Ltd in the issued share capital of Winsta Holding Pte Ltd, a subsidiary of M Development Ltd. |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries * | Daughter of Substantial Shareholder, Mr Sim Poh Ping |
| Conflict of interest * | Director in Overseas Student Placement Center Pte Ltd |
| >> Other Directorship # | |
| # These fields are not applicable for announcements of appointments pursuant to Rule 704(9) | |
| Past (for the last five years) | Hartawan Property Management Pte Ltd Hartawan Dormitory Management Pte Ltd Whitehouse Holding Pte Ltd Central Warehouse Services Pte Ltd |
| Present | Winsta Holding Pte Ltd Katong Hostel Pte Ltd Pearl Hill Hostel Pte Ltd Cambridge Hostel Management Pte Ltd Global Residence Pte Ltd Queensway Student Hostel Pte Ltd Carlisle Hostel Management Pte Ltd Winsta Management Pte Ltd Vita Global Pte Ltd Overseas Student Placement Centre Pte Ltd My DIY Study Pte Ltd |
| >> 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 | Ms. Sim Pei Yee will be attending the relevant training to familiarise herself on the Director's duties and liabilities of a public listed company in Singapore. |
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