|Date of Appointment||07/04/2010|
|Name||Tan Chong Huat|
|Country of principal residence||Singapore|
|The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)||The nomination of Mr Tan Chong Huat as an Independent Director was duly reviewed by the Company's Nominating Committee and Board of Directors (the "Board"). The Board is of the view that Mr Tan's extensive experience will enhance the core competencies of the Board.|
|Whether appointment is executive, and if so, area of responsibility||Non-Executive|
|Job Title||Independent Director as well as Chairman of the Remuneration Committee and a member of the Audit Committee|
|Working experience and occupation(s) during the past 10 years||Mr Tan Chong Huat is currently Managing Partner of KhattarWong. He has extensive experience in corporate, banking and project finance law in Singapore and the region, and acted in numerous significant corporate transactions. He has been named a leading practitioner in many reputable professional publications, including Asia Pacific Legal 500, Asia Law Leading Lawyers. Mr Tan is an adjunct associate professor of the Law Faculty and the Business School National University of Singapore, and the Nanyang Business School, Nanyang Technological University. He is also Chairman of Corporate Governance Committee and directors of several public listed companies.|
|Shareholding in the listed issuer and its subsidiaries||Nil|
|Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries||None|
|Conflict of interest||Nil|
|Past (for the last five years)||See attached Appendix 1|
|Present||See attached Appendix 2|
|Information required pursuant to Listing Rule 704(7)(h)|
|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 pursuant to Listing Rule 704(7)(i)|
|Any prior experience as a director of a listed company?||Yes|
|If yes, please provide details of prior experience.||See attached Appendix 1 & 2.
|Footnotes||The Company's Sponsor, SAC Capital Private Limited, has noted that Mr Tan is currently the Managing Partner of KhattarWong and sits on the board of 3 other SGX-listed companies, and has obtained assurance from Mr Tan that he will be able to devote sufficient time and attention to the Company.
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.