Change - Announcement of Appointment::Appointment of Independent Director
Issuer & Securities
Issuer/ ManagerNEXT-GENERATION SATELLITE COMMUNICATIONS LIMITED
SecuritiesNEXT-GEN SATELLITE COMM LTD - SG1I31881119 - B07
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast26-Feb-2016 17:07:53
StatusNew
Announcement Sub TitleAppointment of Independent Director
Announcement ReferenceSG160226OTHRDUHA
Submitted By (Co./ Ind. Name)Ku Vicente S.
DesignationManaging Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)Appointment of Independent Director
Additional Details
Date Of Appointment26/02/2016
Name Of PersonLi Man Wai
Age59
Country Of Principal ResidenceHong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)Upon the recommendation of the Nominating Committee, which had reviewed the qualification and experience of Mr Li Man Wai ("Mr Li"), the Board of Directors approved his appointment as an Independent Director of the Company. The Board considers Mr Li to be independent for the purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibilityNo. Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Independent Director. Member of Audit Committee, Nominating Committee and Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNo
Conflict of interests (including any competing business)Nil
Working experience and occupation(s) during the past 10 yearsPractising Certified Public Accountant
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)Nil
PresentShanghai Zendai Property 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?No
Any prior experience as a director of a listed company?Yes
If Yes, Please provide details of prior experienceIndependent Non-Executive Director of Shanghai Zendai Property Limited, a company listed on The Stock Exchange of Hong Kong Limited. The Company will arrange for Mr Li to attend relevant training to familiarise himself with the roles and responsibilities of a director of a Singapore public listed company, including seminar conducted by the Singapore Institute of Directors.