This printed article is located at https://gallantventure.listedcompany.com/news.html
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Oct 29, 2021 17:40 |
| Status | New |
| Announcement Sub Title | Appointment of Non-Executive Independent Director |
| Announcement Reference | SG211029OTHR8BZ5 |
| Submitted By (Co./ Ind. Name) | Choo Kok Kiong |
| Designation | Executive Director and Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Lim Chee San as Non-Executive Independent Director. |
| Additional Details | |
| Date Of Appointment | 01/11/2021 |
| Name Of Person | Lim Chee San |
| Age | 61 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board, having considered the recommendation of the Nominating Committee and assessed the qualifications and experience of Mr Lim Chee San, is of the view that Mr Lim has the requisite experience and capabilities to assume the duties and responsibilities as the Independent Director. The Board of Directors considers Mr Lim to be independent. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive Independent Director Audit and Risk Management Committee (Member) Nominating Committee (Member) Remuneration Committee (Member) |
| Professional qualifications | Member of the Chartered Association of Certified Accountants since 1982 Member of the Chartered Accountants of Singapore since 1985 Member of the British Computer Society since 1992 Bachelor of Law (Honors) from University of London in 1992 Barrister at Law (Lincoln's Inn) England since 1999 |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | 2004 to Present Director of Panaudit Business Services Pte Ltd 2004 to Present Partner of TanLim Partnership 2007 to Present Director of Rees Property Consultants Pte Ltd 2010 to Present Director of Pan Services Pte Ltd |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | 1. Hupsteel Limited 2. Soon Lian Holdings Limited 3. Fujiyama Pte Ltd |
| Present | 1. Colex Holdings Limited 2. Chemical Industries (Far East) Limited 3. Blackgold Natural Resources Limited 4. Singapore Kitchen Equipment Limited 5. Panaudit Business Services Pte Ltd 6. Pan Services Pte Ltd 7. Rees Property Consultants Pte Ltd 8. 4Ward Pte Ltd |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment 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, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) 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 has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment 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, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation 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 entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment 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, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (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 |
| If Yes, Please provide full details | Mr Lim has been subject of a past complaint to the Law Society of Singapore about conflict of interest. The complaint was dismissed at the Inquiry Committee State in May 2018. Save for the above, there has been no investigation against Mr Lim. Hence, Mr Lim has not been the subject of any current or past disciplinary proceeding and has not been reprimanded or issued any warnings by the Monetary Authority of Singapore or any other regulatory authority, SGX-ST, professional body or government agency, whether in Singapore or elsewhere. |
| Any prior experience as a director of an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | 1. Former Chairman and Independent Director of Sky One Holdings Limited before it was the subject of a reverse takeover and now known as Resources Prima Group Limited 2. Former Chairman and Independent Director of Hupsteel Limited before it was privatised 3. Former Independent Director of Soon Lian Holdings Limited 4. Current Independent Director of Colex Holdings Limited 5. Current Independent Director of Blackgold Natural Resources Limited 6. Current Chairman and Independent Director of Singapore Kitchen Equipment Limited 7. Current Independent Director of Chemical Industries (Far East) Limited |