Change - Announcement of Appointment::APPOINTMENT OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR
Issuer & Securities
Issuer/ ManagerGSS ENERGY LIMITED
SecuritiesGSS ENERGY LIMITED - SG1AG6000007 - 41F
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast25-Nov-2016 23:26:48
StatusNew
Announcement Sub TitleAPPOINTMENT OF NON-INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement ReferenceSG161125OTHR7S6W
Submitted By (Co./ Ind. Name)Ng Say Tiong
DesignationChief Financial Officer
Description (Please provide a detailed description of the event in the box below)Appointment of Non-Independent Non-Executive Director

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte Ltd ("Sponsor" ), for compliance with the relevant rules of Singapore Exchange Securities Trading Limited ("SGX-ST"). The Company's Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by SGX-ST and SGX-ST 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 announcement.

The contact person for the Sponsor is Mr Bernard Lui, at telephone no. (65) 6389 3000; email address bernard.lui@morganlewis.com
Additional Details
Date Of Appointment25/11/2016
Name Of PersonGlenn Fung Kau Lee
Age60
Country Of Principal ResidenceHong Kong
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 Mr Fung's qualification and experience is of the view that he has the requisite experience and capability to assume the responsibility of a Director of the Company.
Whether appointment is executive, and if so, the area of responsibilityNon-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Non-Independent Non-Executive Director, and member of the Audit and Remuneration Committees
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNil
Conflict of interests (including any competing business)Nil
Working experience and occupation(s) during the past 10 years2006 - 2008 : Co-Founder and Director of Asia Operations - Verde Asia Fund
2007 - Current: Director of Sundan Pacific Limited
2013 - Current: Director of Artemis Investment Advisory
2015 - Current: Managing Director of Cinda-Newbridge Investment Management Company Limited
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?Yes
Shareholding DetailsMr Glenn Fung Kau Lee is deemed to be interested in the 85,700,000 shares of held by Sundan Pacific Limited in the Company.
# 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)Nil
Present1) Cinda-Newbridge Investment Management Company Limited
2) Artemis Investment Advisory
3) Sundan Pacific Limited
(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; orNo
(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; orNo
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; orNo
(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 detailsMr. Fung was investigated by the Investment Dealers Association of Canada in 2001 over the conduct of an employee he was supervising while working for HSBC (Canada). The case was closed with a settlement of C$25,000 and with no admission of guilt. Mr. Fung was subsequently promoted to Vice President of HSBC Brokerage (USA).
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 companyThe Company will brief Mr. Fung on roles and responsibilities of a director of a listed company and subsequently arrange for him to undergo the necessary training.