Change - Announcement of Appointment::APPOINTMENT OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Issuer & Securities
Issuer/ ManagerLOYZ ENERGY LIMITED
SecuritiesLOYZ ENERGY LIMITED - SG1H44875935 - 594
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast11-May-2016 07:52:09
StatusNew
Announcement Sub TitleAPPOINTMENT OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Announcement ReferenceSG160511OTHRJ413
Submitted By (Co./ Ind. Name)LEE CHYE CHENG, ADRIAN
DesignationDIRECTOR
Description (Please provide a detailed description of the event in the box below)This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Canaccord Genuity Singapore Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Sebastian Jones, Associate Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.
Additional Details
Date Of Appointment10/05/2016
Name Of PersonPANG KEE CHAI (PENG QICAI)
Age39
Country Of Principal ResidenceSingapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)Mr Pang Kee Chai has been appointed as the Chief Executive Officer to replace Mr Lee Chye Cheng, Adrian, who has resigned as Managing Director, and will be re-designated from Executive Director to Non-Executive Director. Mr Pang Kee Chai has been with Loyz Energy Limited since July 2011. He is currently the Chief Financial Officer since 12 July 2012. The Board of Directors of the Company, having reviewed and considered Mr Pang Kee Chai's qualifications and working experience, unanimously approved the appointment of Mr Pang Kee Chai as Chief Executive Officer and Executive Officer.
Whether appointment is executive, and if so, the area of responsibilityYes. Mr Pang Kee Chai will be in-charge of the operations of Loyz Energy Limited and its Group of subsidiaries.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Chief Executive Officer and Executive Director
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)No
Working experience and occupation(s) during the past 10 yearsChief Financial Officer - Loyz Energy Limited
(2012 - Present)

Financial Controller - Loyz Oil Pte Ltd
(2011 - 2012)

Financial Controller - Jit Sun Investments Pte Ltd
(2008 - 2011)

Regional Finance Manager - Komoco Motors Pte Ltd
(2004 - 2007)

Assistant Manager - Standard Chartered Bank
(2004)

Regional Accountant - Accord Customer Care Solutions Limited
(2004)

External Auditor - Deloitte and Touche
(2000 - 2004)
Shareholding interest in the listed issuer and its subsidiaries?Yes
Shareholding Details1,430,000 ordinary shares in Loyz Energy Limited

5,900,000 share options

313,000 share awards under Performance Share Plan
# 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)NA
PresentLoyz Oil Pte. Ltd.
Loyz Oil Philippines Pte. Ltd.
Loyz Oil Thailand Pte. Ltd.
Loyz Oil Australia Pty Ltd
Loyz NZ Ventures Limited
Loyz USA Holdings LLC
Loyz America LLC
Loyz Rex Drilling Services LLC
Loyz Oil New Zealand Limited
Loyz Oil Malaysia Sdn Bhd
Loyz Oil HK Limited
Hope Medical Asia Pte Ltd
Asian Skies Pte Ltd
Amaira Shipping Company Limited
Ylato Shipping Company Limited
Harvison Holdings Limited
Coastal Trade Limited
Trevaskis Limited
JP Consulting Services 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; 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?No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed companyThe Company will arrange for Mr Pang Kee Chai to attend relevant courses to familiarise himself with the roles and responsibilities of a director of a public listed company in Singapore.