Change - Announcement of Appointment::Announcement of Appointment of Independent 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-Aug-2016 18:24:51
StatusNew
Announcement Sub TitleAnnouncement of Appointment of Independent Director
Announcement ReferenceSG160811OTHRGI6N
Submitted By (Co./ Ind. Name)Jeffrey Pang
DesignationDirector
Description (Please provide a detailed description of the event in the box below)Announcement of Appointment of Independent Director

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, SAC Advisors Private Limited (formerly known as Canaccord Genuity Singapore Pte. Ltd.) ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "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 assume 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 Mr Sebastian Jones, Director, SAC Advisors Pte. Ltd., at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542, telephone (65) 6532 3829.
Additional Details
Date Of Appointment11/08/2016
Name Of PersonOng Beng Chye
Age48
Country Of Principal ResidenceSingapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)Having considered the Nominating Committee's recommendations and assessed Mr Ong's qualifications and experience, the board of directors ("Board') of the Company considers Mr Ong's appointment as an Independent Director will be beneficial to the Board and to the Company. The Board considers Mr Ong to be independent for the purposes of Rule 704(7) of the SGX Listing Manual Section B:Rules of Catalist.
Whether appointment is executive, and if so, the area of responsibilityNo
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Independent Director, Chairman of the Nominating Committee and Risk Management Committee, Member of Audit Committee and Remuneration Committee
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 yearsJan 2007 to current:
Director of Appleton Global Pte Ltd
Providing business management and consultancy services

Jan 2007 to Oct 2014:
Financial Controller of Higson International Pte Ltd
Responsible for the financial and accounting functions

Jan 2005 to Sept 2006:
Director and chief financial officer of Time Watch Investments Limited
Responsible for the financial and accounting functions
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
PresentHeatec Jietong Holdings Ltd.
Kitchen Culture Holdings Ltd.
Geo Energy Resources Limited
IPS Securex Holdings Limited
Hafary Holdings Ltd
Appleton Global Pte Ltd
Shin Omi International 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?Yes
If Yes, Please provide details of prior experienceMr Ong is currently serving as an Independent Director on the boards of the following companies listed on the SGX-ST:
- Heatec Jietong Holdings Ltd
- Kitchen Culture Holdings Ltd
- Geo Energy Resources Ltd
- IPS Securex Holdings Limited
- Hafary Holdings Ltd