AGV

Change - Announcement Of Re-Designation Of Non-Independent Non-Executive Director To Executive Director And Chairman

BackNov 29, 2019
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Nov 29, 2019 21:38
Status New
Announcement Sub Title Re-designation of Non-Independent Non-Executive Director to Executive Director and Chairman
Announcement Reference SG191129OTHRPYS1
Submitted By (Co./ Ind. Name) Lim Kok Meng
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Re-designation of Non-Independent Non-Executive Director to Executive Director and Chairman

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Hong Leong Finance Limited, for compliance with the relevant rules of the SGX-ST.

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 Mr Tang Yeng Yuen, Vice President, Head of Corporate Finance who can be contacted at 16 Raffles Quay, #01-05, Hong Leong Building, Singapore 048581, Telephone: (65) 6415 9886.
Additional Details
Date Of Appointment 29/11/2019
Name Of Person Chua Wei Kee
Age 46
Country Of Principal Residence Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Mr Chua Wei Kee was appointed as a Non-Independent Non-Executive Chairman of the Company on 10 January 2019.

The Board considered and accepted the Nominating Committee's recommendation to re-designate Mr Chua Wei Kee as an Executive Chairman of the Company, after reviewing his educational background, professional qualifications, extensive working experience, as well as his familiarity with the Company.
Whether appointment is executive, and if so, the area of responsibility Yes, he will be responsible for reviewing the operations, future business plans and overall management of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Chairman
Professional qualifications Executive MBA from RMIT University
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 Nil
Conflict of interests (including any competing business) Nil
Working experience and occupation(s) during the past 10 years 2002 to present: Chief Executive Officer of JD Resources Sdn. Bhd.
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 Mr Chua has 15,000,000 shares in the Company pursuant to the placement agreement entered into between him and the Company on 26 October 2018.
# 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
Present JD International Holdings Ltd. (Hong Kong)
JD Resources Sdn Bhd
JD Resources Limited (Brunei)
JD Resources (Shenzhen) Co., Ltd. (China)
JD Resources Pte. Ltd. (Singapore)
JD Resources Thailand Co., Ltd.
JD Resources Vietnam Co., Ltd.
JD Resources Limited (Labuan)
PT JD Resources
PT JD Aramas
PT JD Asiarem Niaga
JD Innotech Sdn Bhd
JD Metal Recycling Sdn Bhd
JD Metal Alloy Sdn Bhd
JD Metal Alloy Co., Ltd.
JD Media Sdn Bhd
JD Property Sdn Bhd
(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 Chua Wei Kee was appointed as a Non-Independent Non-Executive Chairman of the Company on 10 January 2019.