| Appointment Details | ||
| Date of Appointment | 03/01/2009 | |
| Name | Roland Chan | |
| Age | 54 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | To further strengthen the top management layer of the organisation and to assist the Executive Chairman ("EC") and Chief Executive Officer ("CEO") in both strategy formulation and overall management of the Company, the EC and CEO have been actively looking to induct a senior executive with the relevant corporate work experiences and aptitude into the Company. Roland's working experiences include having helmed non-life insurance operations when he was in the non-life insurance industry for more than twenty two years. After he left the non-life insurance industry, Roland worked in a senior corporate management position in a SGX main board listed company for about seven years. Besides the Fellow of the Chartered Insurance Institute insurance qualification, Roland has a MBA from the University of Birmingham in United Kingdom. | |
| Whether appointment is executive, and if so, area of responsibility | The appointment is executive and the main areas of responsibilities include: (1) corporate planning and development; (2) oversight of human resource, training and internal audit functions; (3) corporate governance; and (4) investors' relations and corporate communications. In addition, the appointment is to assist the EC and CEO in strategy formulation, overall management of the Company and business development activties, both local and overseas. |
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| Job Title | Chief Operating Officer | |
| Working experience and occupation(s) during the past 10 years | Aug 2008 to Dec 2008: Senior management position in an SME. Oct 2001 to Aug 2008: Group Senior Vice President of a SGX main board listed company with responsibilities for corporate planning and development, oversight of corporate finance and accounts, and human resource department. Handled investors' relations and corporate communications. Worked with lawyers on legal matters. Involved in warrant and rights share issue exercises. Ensured company's compliance with Best Practices Guide and internal audit recommendations and preparation of corporate governance report. 1978 to 2000: A career insurance executive in the non-life insurance industry. Qualified as a Fellow of the Chartered Insurance Institute and Chartered Insurer. Has experiences in non-life insurance underwriting and management of non-life insurance companies. Served in various appointments and was Director & General Manager of the wholly owned subsidiary of a UK insurance group. |
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| 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 | No | |
| Conflict of interest | No | |
| Other Directorship | ||
| Past (for the last five years) | Nil | |
| Present | Nil | |
| 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 |
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| (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 |
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| (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 |
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| (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 |
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| 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? | ||
| Other Notes | ||
| Footnotes | Westcomb Capital Pte. Ltd. ("Westcomb") is the issue manager and the sponsor of Old Chang Kee Ltd.'s (the "Company") initial public offering. This announcement has been prepared and released by the Company. Westcomb has not been involved in the preparation or release of this announcement and has not verified the accuracy, completeness or adequacy of the information contained herein. Accordingly, Westcomb does not accept responsiblity for, and disclaims any liability with respect to, the accuracy, completeness or adequacy of the information contained in this announcement or incorporated by reference herein. | |