| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jul 14, 2020 20:30 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Director - Mr Mark Leong Kei Wei |
| Announcement Reference | SG200714OTHRV1D7 |
| Submitted By (Co./ Ind. Name) | Liew Chee Seng James |
| Designation | Executive Director and CEO, LMIRT Management Ltd (as manager of Lippo Malls Indonesia Retail Trust) |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Mark Leong Kei Wei as Independent Director. |
| Additional Details | |
| Date Of Appointment | 15/07/2020 |
| Name Of Person | Mark Leong Kei Wei |
| Age | 43 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board, having considered the recommendation from Nominating and Remuneration Committee, has approved the appointment of Mr Mark Leong Kei Wei as a new Independent Director with effect from 15 July 2020. Mr Leong has many years of experience in several corporate environments namely, auditing firms, small medium enterprises, a US-based multinational corporation, a family office and listed companies. He is experienced in the capital and debt markets through various fundraising exercises and held various C suite and Directorship roles with a number of listed companies in Singapore. Mr Leong has an impressive and broad curriculum vitae and is also a Chartered Accountant of the Institute of Singapore Chartered Accountants as well as a Fellow of the Association of Chartered Certified Accountants. With his proven track record, experience and expertise that will complement with the existing skill sets of the board members of the Company, the Board believes that Mr Leong will be able to effectively assume the role as Independent Director of LMIRT Management Ltd., as Manager of Lippo Malls Indonesia Retail Trust. |
| Whether appointment is executive, and if so, the area of responsibility | No |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chairman of the Audit and Risk Committee with effect on 31 July 2020 |
| Professional qualifications | Fellow of the Association of Chartered Certified Accountants (ACCA); Chartered Accountant of the Institute of Singapore Chartered Accountants (ISCA) |
| 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 | Please see attachment A. |
| 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? | 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) | 1. Advance SCT Limited 2. Pulai Mining Sdn Bhd 3. T8 Investments Pte Ltd 4. Cosmo Consortium Pte Ltd 5. Cosmo Real Estate Pte Ltd 6. Atos Wellness Ltd 7. East Indonesia Mining Pte Ltd 8. PT Selatan Arc Mineral 9. RBV Energy (Singapore) Pte Ltd 10. Ma Ji Xie (Tian Jin) Co, Ltd. 11. Fan Ma Fang Zhi (Tian Jin) Co, Ltd. 12. Solar Energy Investments Pte Ltd |
| Present | 1. Ascendance Limited 2. Sumberjaya Land and Mining Sdn Bhd 3. Top Mining Ltd 4. Cytomed Therapeutics (Malaysia) Sdn Bhd 5. Avalon Partners Pte Ltd 6. LCT Holdings Ltd 7. KLW Holdings Limited 8. MDR Limited 9. SBI Offshore Limited |
| (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 Mark Leong is currently a director of the following companies listed on the Exchange: 1. LCT Holdings Limited 2. KLW Holdings Limited 3. MDR Limited |
Attachments