24 Aug 2016
Change - Announcement Of Re-Designation From Non-Executive Director To Executive Director And Appointment Of CEO
| Announcement Title | Change - Announcement of Appointment |
| Announcement Subtitle | Re-designation from Non-Executive Director to Executive Director and Appointment of CEO |
| Securities | UG HEALTHCARE CORPORATION LTD (UGHEALTH) |
| Date & Time of Broadcast | Aug 24, 2016 20:00 |
| Submitted By | Sharon Yeoh Company Secretary |
| Description | Re-designation from Non-Executive Director to Executive Director and Appointment of Chief Executive Officer This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "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 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 Tan Pei Woon (telephone no.: (65) 65323829) at 1, Robinson Road, #21-02 AIA Tower, Singapore 048542. |
| Appointment Details | |
| Date of appointment | Oct 19, 2016 |
| Name of person | Lee Keck Keong |
| Age | 62 |
| Country of principal residence | Malaysia |
| The Board's comments on this appointment | Mr Lee Keck Keong will be re-designated from Non-Executive Director to Executive Director and be appointed as Chief Executive Officer of the Company. The Nominating Committee ("NC") has reviewed Mr Lee Keck Keong's qualification and experience and is of the view that he has the requisite experience and capability to assume the responsibility as Executive Director and Chief Executive Officer of the Company. The NC's recommendation that Mr Lee Keck Keong be re-designated from Non-Executive Director to Executive Director and be appointed as Chief Executive Officer of the Company has been approved by the Board. |
| Whether appointment is executive, and if so, the area of responsibility | Appointment is executive. Mr Lee will oversee (i) the formulation of the overall business and corporate policies and strategies of the Group (ii) the overall management of the business and operations of the Group (iii) the Group's overall business development |
| Job title | Executive Director and Chief Executive Officer |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Mr Lee Keck Keong is the father of the Executive Directors of the Company, Mr Lee Jun Yih and Mr Lee Jun Linn. |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Mr Lee Keck Keong ("Mr Lee") was the co-founder of the Group and took charge of the development of the Group's business. Following the listing of the Company, Mr Lee has been the Non-Executive Director of the Company taking charge in charting the strategic direction of the Group's development. |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | Deemed Interest - 109,943,030 ordinary shares |
| Other Directorships | |
| Note: 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. Asli Permai Sdn. Bhd. 2. Crest Energy Sdn. Bhd. 3. Effective Potential Sdn. Bhd. 4. Gantang Prestasi Sdn. Bhd. 5. Generasi Mahir (M) Sdn. Bhd. 6. Giant Empire Sdn. Bhd. 7. Gigih Capai Sdn. Bhd. 8. Greentech Corporation Sdn. Bhd. 9. Iramasains Sdn. Bhd. 10. Jari Manis Sdn. Bhd. 11. Jade Victory Sdn. Bhd. 12. Karinga Corporation Sdn. Bhd. 13. Leek Engineering Sdn. Bhd. 14. LWP Publishing (M) Sdn. Bhd. 15. Mazly Development Sdn. Bhd. 16. NW Medical Disposal Products Sdn. Bhd. 17. Palembang Usahaniaga Sdn. Bhd. 18. Perniagaan Jaswira Sdn. Bhd. 19. Saverpack Express Courier Services Sdn. Bhd. 20. Sri Kenaboi Holdings Sdn. Bhd. 21. Sujima Management Sdn. Bhd. 22. Sure Reliance Sdn. Bhd. 23. Syarikat Ozah Sdn. Bhd. 24. Tupai Engineering Sdn. Bhd. 25. UG Development Sdn. Bhd. 26. Unique View (M) Sdn. Bhd. |
| Present | 1. N.S. Uni-gloves Sdn. Bhd. 2. UG Global Resources Sdn. Bhd. 3. UG Glovetech Sdn. Bhd. 4. Shanghai Full-10 International Trading Co., Ltd. 5. Unigloves (UK) Limited 6. Anvest Corporation Sdn. Bhd. 7. Ling Wah Press Sdn. Bhd. 8. Metro Angkasa Sdn. Bhd. |
| Information Required Persuant To Listing Rule 704(7)(H) | |
| (a) Whether at any time during the past 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 any 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 with 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 |
| Information Required persuant to Listing Rule 704(7)(I) | |
| Note: Disclosure applicable to the appointment of Director only | |
| Any prior experience as a director of a listed company? | Yes |
| If yes, please provide full details | Mr Lee Keck Keong is a Non-Executive Director of the Company since 20 November 2014. |