Company announcements: PNE Ind

PNE Ind - MISCELLANEOUS :: APPOINTMENT OF INDEPENDENT DIRECTOR AND NEW COMPOSITION OF THE BOARD AND BOARD COMMITTEES

Announcement Type: MISCELLANEOUS
Company: PNE INDUSTRIES LTD
Stock Code/Name: P07 - PNE Ind

MISCELLANEOUS

* Asterisks denote mandatory information

Name of Announcer *	PNE INDUSTRIES LTD
Company Registration No.	199905792R
Announcement submitted on behalf of	PNE INDUSTRIES LTD
Announcement is submitted with respect to *	PNE INDUSTRIES LTD
Announcement is submitted by *	TAN MENG SIEW
Designation *	COMPANY SECRETARY
Date & Time of Broadcast	03-Jun-2013 08:54:07
Announcement No.	00014

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *

Appointment of Independent Director and New Composition of the Board and Board Committees

Description

The Board of Directors of PNE Industries Ltd ("the Company") wishes to announce the following changes to the Board and Board Committees:- I) Appointment of Independent Director Mr Lim Meng Wee has been appointed as an Independent Director of the Company pursuant to Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST") with immediate effect. The details and declaration of Mr Lim Meng Wee as required under Rule 704(7) of the SGX-ST Listing Manual are contained in a separate announcement made today. II) New Composition of the Board and Board Committees Following the aforesaid appointment, the new composition of the Board and Board Committees are as follows:- (A) Board of Directors 1) Mr Tan Kong Heng (Chairman and Non-Executive Director) 2) Mr Tan Koon Chwee (Managing Director) 3) Mr Tan Kong Leong (Executive Director) 4) Mr Tan Kwong Soon (Non-Executive Director) 5) Mr Tung Chee Weng ( Independent Director) 6) Mr Tan Lee Khiang (Independent Director) 7) Mr Lim Meng Wee (Independent Director) (B) Audit Commitee 1) Mr Tung Chee Weng (Chairman) 2) Mr Tan Lee Khiang (Member) 3) Mr Tan Kwong Soon (Member) 4) Mr Lim Meng Wee (Member) (C) Nominating Committee 1) Mr Tan Lee Khiang (Chairman) 2) Mr Tung Chee Weng (Member) 3) Mr Tan Kong Heng (Member) 4) Mr Lim Meng Wee (Member) (D) Remuneration Commitee 1) Mr Tung Chee Weng (Chairman) 2) Mr Tan Lee Khiang (Member) 3) Mr Tan Kong Heng (Member) 4) Mr Lim Meng Wee (Member)

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PNE Ind - ANNOUNCEMENT OF APPOINTMENT OF INDEPENDENT DIRECTOR

Announcement Type: ANNOUNCEMENT OF APPOINTMENT
Company: PNE INDUSTRIES LTD
Stock Code/Name: P07 - PNE Ind

ANNOUNCEMENT OF APPOINTMENT OF INDEPENDENT DIRECTOR *

* Asterisks denote mandatory information

Name of Announcer *	PNE INDUSTRIES LTD
Company Registration No.	199905792R
Announcement submitted on behalf of	PNE INDUSTRIES LTD
Announcement is submitted with respect to *	PNE INDUSTRIES LTD
Announcement is submitted by *	TAN MENG SIEW
Designation *	COMPANY SECRETARY
Date & Time of Broadcast	03-Jun-2013 08:53:00
Announcement No.	00013

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Date of Appointment *	01-06-2013
Name of Person*	Lim Meng Wee
Age *	57
Country of principal residence *	Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) *	The Nominating Committee ("NC") had reviewed the qualifications and working experience of Mr Lim and recommended his appointment. The Board of Directors, having considered the NC's recommendation, approved the appointment of Mr Lim Meng Wee as an Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility *	Mr Lim is appointed as an Independent Director to the Company and his role is Non-Executive in nature.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Independent Director and as members of the Audit, Nominating and Remuneration Committees
Working experience and occupation(s) during the past 10 years *	1980 to 1983 : System Analyst in Systems Computer Organisation 1983 to 1985 : MIS Manager in Seagate Technology Singapore Pte Ltd 1985 to 1987 : MIS Manager in Data General Hong Kong Limited 1988 : MIS Manager in Seagate Technology Singapore Pte Ltd (secondment to Seagate Thailand) 1989 to 1992 : Division Manager in ECS Computers (Asia) Pte Ltd 1993 to Present : Managing Director in SP Consulting (International) Pte Ltd

Interest * in the listed issuer and its subsidiaries *

Nil

Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *

Mr Lim is not related to any Director and/or Substantial Shareholder

Conflict of interests (including any competing business) *

None

>> OTHER DIRECTORSHIP#

# 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)	None
Present	1) As Director and Managing Director of SP Consulting (International) Pte Ltd; and 2) As Director of SP Investment Pte Ltd

>> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)

Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.

(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

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