Change - Announcement Of Re-Designation As Vice President (China) And Executive Director
BackJan 02, 2025
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jan 2, 2025 18:14 |
| Status | New |
| Announcement Sub Title | Re-designation as Vice President (China) and Executive Director |
| Announcement Reference | SG250102OTHR490A |
| Submitted By (Co./ Ind. Name) | Leng Chee Keong |
| Designation | Executive Director and Chief Operating Officer |
| Effective Date and Time of the event | 02/01/2025 00:00:00 |
| Description (Please provide a detailed description of the event in the box below) | This announcement has reviewed by the Company's sponsor, SAC Capital Private Limited ("Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Ms Lee Khai Yinn (Tel: (65) 6232 3210) at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542. |
| Additional Details | |
| Date Of Appointment | 28/06/2011 |
| Name Of Person | Loh Pui Lai |
| Age | 52 |
| Country Of Principal Residence | Singapore |
| Date of last re-appointment (if applicable) | 27/04/2022 |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | Given the ongoing challenges in identifying a suitable General Manager for Eden Refrigeration Manufacturing (Jiangsu) Co., Ltd., Ms Loh Pui Lai will step up to oversee and manage the day-to-day operations. In recognition of the expanded scope of her duties, the Board has approved the re-designation of Ms Loh Pui Lai from Non-Executive Chairman to Vice President (China) and Executive Director, effective from 2 January 2025. The Board believes that Ms Loh Pui Lai's extensive experience and hands-on involvement in the region will provide the leadership and direction necessary for the continued success of the Group's operations in the People's Republic of China ("PRC"). |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Ms Loh Pui Lai will be responsible for managing and overseeing the overall business strategy, operation and development of the Group's business in the PRC. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Vice President (China) and Executive Director |
| Professional qualifications | Advanced Certificate in Accounting, Alexander College |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Ms Loh Pui Lai is the: (i) spouse of a substantial shareholder of the Company, Mr Cheung Wai Sum; and (ii) sibling of the Chief Executive Officer, Executive Director and controlling shareholder of the Company, Mr Loh Mun Yew. The shareholders of Universal Pte. Ltd. (the controlling shareholder of the Company) are Loh Mun Yew, Loh Pui Lai (Loh Mun Yew and Loh Pui Lai are siblings and Loh Pui Lai is the spouse of Cheung Wai Sum), Lum Soo Mooi (parent of Loh Mun Yew and Loh Pui Lai) and Loh Pui Pui (daughter of Lum Soo Mooi, and sibling of Loh Mun Yew and Loh Pui Lai) with shareholding interest of 43.69%, 18.82%, 18.47% and 19.02%, respectively. The directors of Universal Pte. Ltd. are Loh Mun Yew, Loh Pui Pui and Lum Soo Mooi. |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Ms Loh Pui Lai was appointed to the Board on 28 June 2011 and was appointed as the Non-Executive Chairman of the Group on 24 February 2017. Please see principal commitments including directorships below for further details. |
| 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 Details | Direct interest: 220,900 ordinary shares in the Company Deemed interest: 6,300,000 ordinary shares 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) | Directorships: Within the Group: Eden Refrigeration Manufacturing (Jiangsu) Co., Ltd Far East Refrigeration Limited Outside the Group: KLJ Entertainment Pte. Ltd. (gazetted to be struck off) Other Principal Commitments: Nil |
| Present | Directorships: Within the Group: Nil Outside the Group: Chinhero Development Limited Gold Pool (HK) Limited Shing On Realty Company Limited Other Principal Commitments: Nil |
| (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; or | No |
| (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; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (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 an issuer listed on the Exchange? | Yes |
| If Yes, Please provide details of prior experience | Ms Loh Pui Lai has been a director of the Company since 28 June 2011. |
| 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) | Not applicable. |