Stock Code:YYB.SI
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jul 1, 2023 9:02 |
| Status | New |
| Announcement Sub Title | Announcement of Independent Non-Executive Director - Mr. Heng Victor Ja Wei |
| Announcement Reference | SG230701OTHRMH0D |
| Submitted By (Co./ Ind. Name) | Ng Kai Man |
| Designation | Executive Director |
| Description (Please provide a detailed description of the event in the box below) |
Appointment of Independent Non-Executive Director - Mr. Heng Victor Ja Wei This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg. |
| Additional Details | |
| Date Of Appointment | 30/06/2023 |
| Name Of Person | Heng Victor Ja Wei |
| Age | 46 |
| Country Of Principal Residence | Hong Kong |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) |
The Board of Directors ("Board"), having considered the recommendation of the Nominating Committee and assessment of Mr. Heng Victor Ja Wei's ("Mr. Heng") qualifications and experience, is of the view that he has the requisite experience and capability to assume the responsibilities of an Independent Non-Executive Director of Arion Entertainment Singapore Limited. The Board considers Mr. Heng to be independent for the purpose of Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Director |
| Professional qualifications | Nil |
| 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 |
April 2013 - Present Company Secretary China Life Insurance Company Ltd September 2003 - Present Managing Partner Morison Heng CPA |
| 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) |
May 2009 - January 2021 CMIC-TianDa Holdings Company Limited Independent Non-Executive Director May 2011 - June 2019 Central 18 Limited Executive Director December 2017 - April 2019 Olive Woods Investments Limited Executive Director December 2017 - April 2019 OWHK Ltd Executive Director |
| Present |
February 2023 - Present TradeGo FinTech Limited Independent Non-Executive Director November 2022 - Present Morison Global Asia Pacific Ltd Executive Director June 2017 - Present Central Consulting Limited Executive Director April 2017 - Present Constantin Serval And Associes (Hong Kong) Limited Executive Director January 2017 - Present MH Tax Limited Executive Director July 2016 - Present Kivo Media Ltd Executive Director September 2016 - Present Veson Holdings Limited Independent Non-Executive Director October 2014 - Present Little People of HK Foundation Limited Committee member April 2013 - Present China Life Insurance Company Ltd Company Secretary January 2013 - Present Morison Heng CPA Limited Executive Director December 2012 - Present Matrix Holdings Limited Independent Non-Executive Director May 2011 - Present Best Food Holding Company Limited Independent Non-Executive Director July 2010 - Present Lee & Man Chemical Company Limited Independent Non-Executive Director November 2009 - Present MH Commercial Services Ltd Executive Director November 2004 - Present Lido Development Ltd Executive Director Sep 2003 - Present Managing Partner Morison Heng CPA |
| (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? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | N.A. |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | Pursuant to Rule 406(3)(a) of the Catalist Rules, the Company will arrange for Mr. Heng to attend the relevant training on the roles and responsibilities of a director of a listed issuer in Singapore prescribed by the Exchange under Practice Note 4D of the Catalist Rules within one year from the date of his appointment to the Board. |