07 Aug 2019
Change - Announcement Of Appointment Of Mr Lee Jun Yih As Finance Director
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Aug 7, 2019 19:27 |
| Status | New |
| Announcement Sub Title | Appointment of Mr Lee Jun Yih as Finance Director |
| Announcement Reference | SG190807OTHRWTOW |
| Submitted By (Co./ Ind. Name) | Sharon Yeoh |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Lee Jun Yih as Finance Director. This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "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 Tay Sim Yee (Telephone no.: (65) 6232 3210) at 1, Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Date Of Appointment | 08/08/2019 |
| Name Of Person | Lee Jun Yih |
| Age | 37 |
| Country Of Principal Residence | Singapore |
| Date of last re-appointment (if applicable) | 25/10/2017 |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr. Lee Jun Yih will be appointed as Finance Director, in addition to his existing role as Executive Director of the Company. The Nominating Committee ("NC") has reviewed Mr. Lee Jun Yih's qualification and experience and is of the view that he has the requisite experience and capability to assume the position of Finance Director of the Company. The NC's recommendation on the appointment of Mr. Lee Jun Yih as a Finance Director of the Company has been approved by the Board. Mr. Lee Jun Yih will be the Executive Director and Finance Director of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Appointment is executive. Mr. Lee Jun Yih remains responsible for oversight and mangement of the Group's business and corporate development and works with the Company's Chief Executive Officer, Mr. Lee Keck Keong to formulate the overall business and corporate policies and strategies for the Group. With his new appointment as Finance Director of the Company, Mr. Lee Jun Yih will be responsible for the oversight and control of the Group's overall accounting and finance function, including monitoring and coordinating the Group's financial accounts, consolidation and financial reporting. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and Finance Director |
| Professional qualifications | Solicitor of the High Court of the Hong Kong Special Administrative Region |
| 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 | Mr. Lee Jun Yih is the son of Mr. Lee Keck Keong (the Executive Director and Chief Executive Officer and a substantial shareholder of the Company) and Ms. Sim Ai Cheng (a substantial shareholder of the Company). He is also the brother of Mr. Lee Jun Linn (the Executive Director and a substantial shareholder of the Company). |
| Conflict of interests (including any competing business) | No. |
| Working experience and occupation(s) during the past 10 years | April 2008 to December 2009 - UBS AG, Hong Kong - Analyst January 2010 to June 2011 - AEGON Asset Management - Associate July 2011 to Present - Shanghai Full-10 International Trading Co. Ltd. - Director April 2013 to Present - Unigloves (UK) Limited - Director May 2014 to Present - N.S. Unigloves Sdn. Bhd. - Director August 2014 to Present - Uni-Medical Healthcare Limited - Director November 2014 to Present - UG Healthcare Corporation Limited - Director |
| 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 of 913,878 Ordinary Shares and Deemed Interest of 120,368,643 Ordinary Shares. |
| 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. Gantang Prestasi Sdn. Bhd. 2. UG Healthcare Equipments Ltd 3. Glorious Bloom Group Limited 4. Vast Capital Investment Limited |
| Present | Subsidiaries and associated company of UG Healthcare Corporation Limited 1. N.S. Uni-Gloves Sdn. Bhd. 2. Uni-Medical Healthcare Limited 3. Shanghai Full-10 International Trading Co., Ltd. 4. Unigloves (Singapore) Pte. Ltd. 5. Unigloves (UK) Limited 6. UGHC Marketing Pte. Ltd. 7. UG Global Resources Sdn Bhd 8. Unigloves GmbH 9. UG Healthcare (USA) Inc. 10. UGHC Brasil Importadora LTDA 11. UG Glovetech Sdn Bhd Other Companies 12. Zen UG 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; 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 | Mr Lee Jun Yih is an Executive Director of the Company since 10 November 2014. |