Change - Announcement of Appointment::Appointment of Independent Director
Issuer & Securities
Issuer/ ManagerTHE PLACE HOLDINGS LIMITED
SecuritiesTHE PLACE HOLDINGS LIMITED - SG1Q02920318 - E27
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast02-Feb-2019 22:58:13
StatusNew
Announcement Sub TitleAppointment of Independent Director
Announcement ReferenceSG190202OTHR5DYQ
Submitted By (Co./ Ind. Name)Ji Zenghe
DesignationExecutive Chairman
Description (Please provide a detailed description of the event in the box below)Appointment of Independent Director
Additional Details
Date Of Appointment01/02/2019
Name Of PersonChng Hee Kok
Age70
Country Of Principal ResidenceSingapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)The Board of Directors, having considered the recommendation of the Nominating Committee and the suitability of Mr Chng Hee Kok, is of the view that the appointment of Mr Chng as Independent Director, and a member of Nominating Committee, Remuneration Committee and Audit Committee of the Company is appropriate.

The Board of Directors considers Mr Chng to be independent for the purposes of Rule 704(8) of the Listing Manual of the SGX-ST.
Whether appointment is executive, and if so, the area of responsibilityNon-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Independent Director, and a member of Nominating Committee, Remuneration Committee and Audit Committee
Professional qualificationsMr Chng graduated from the University of Singapore with a First Class Honours degree in Mechanical Engineering and was awarded Institute of Engineers Singapore Gold Medal and Mobil Silver Medal. He also holds a Master of Business Administration degree from the National University of Singapore, and completed the Program for Executive Development at IMD Lausanne Switzerland.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer 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 years2012 to 2016, MD, LH Group Ltd
2011 to 2012, CEO, HG Metal Manufacturing Ltd
2009 to 2011, CEO, Hartawan Holdings Ltd
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))No
Shareholding interest in the listed issuer and its subsidiaries?No
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)1. China Flexible Packaging Holdings Ltd
2. LH Group Ltd
3. Pacific Century Regional Developments Ltd
4. Infinio Group Limited
Present1. Samudera Shipping Line Ltd
2. Full Apex Holdings Ltd
3. Luxking Group Holdings Ltd
4. Ellipsiz Ltd
5. United Food Holdings Limited
6. Chaswood Resources Holdings Ltd
7. Sino-America Tours Corporation 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?Yes
If Yes, Please provide full detailsMr Chng was fined S$5000 in 2007 under Section 156 of the Companies Act, Cap. 50 and was given warning under Section 28(B)(b) of the Prevention of Corruption Act, Cap. 241.
Any prior experience as a director of an issuer listed on the Exchange?Yes
If Yes, Please provide details of prior experienceCurrent directorships in SGX-listed companies as follows:
1. Samudera Shipping Line Ltd
2. Full Apex Holdings Ltd
3. Luxking Group Holdings Ltd
4. Ellipsiz Ltd
5. United Food Holdings Limited
6. Chaswood Resources Holdings Ltd

Past directorships in SGX-listed companies such as:
1. China Flexible Packaging Holdings Ltd
2. ChinaSing Investment Holdings Ltd
3. LH Group Ltd
4. Pacific Century Regional Developments Ltd
5. Hartawan Holdings Ltd
6. Infinio Group Limited
7. Peoples Food Holdings
8. Sunray Holdings Ltd
9. United Pulp and Paper Ltd
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)Mr Chng currently serves as Independent Director in Ellipsiz Ltd, Samudera Shipping Line Ltd, Full Apex (Holdings) Limited, Luxking Group Holdings Limited, United Food Holdings Limited and Chaswood Resources Holdings Ltd.

His business experience and leadership positions spanned across Manufacturing, Property Development, Hotel Management, Trading, Entertainment and Food & Beverage Industries. He was the Chief Executive Officer of Yeo Hiap Seng Ltd, Scotts Holdings Limited, Hartawan Holdings Limited, HG Metals Manufacturing Limited and LH Group Limited.

He held past directorships at Public Utilities Board, Sentosa Development Corporation and Singapore Institute of Directors.

The Nominating Committee believes Mr Chng possesses the necessary experience as an Independent Director.