| Date Of Appointment | 27/04/2015 |
| Name Of Person | Neo Gim Kiong |
| Age | 46 |
| 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 of the Company, while noting the disclosure made by Mr Neo Gim Kiong ("Mr Neo") in paragraph (k) below, has reviewed the qualification and experience of Mr Neo and recommended his appointment to the Board as Executive Director and Chief Executive Officer of the Company. After reviewing the recommendation of the Nominating Commitee, the Board has accepted the recommendation of the Nominating Committee and approved Mr Neo's appointment accordingly. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Responsible for the formulation of the Group's corporate strategies and expansion plans. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | 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 | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | 1) 2004 - Present :
Founding Director of Bizmen Corporation Pte. Ltd. and Dollar Tree Inc Pte. Ltd.
2) 2001 - 2004, 2009 - 2011:
Executive Director of Jackspeed Corporation Limited, Chief Executive Officer of Jackspeed Corporation Limited
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| 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. Jackspeed Corporation Limited
2. Jackspeed Aviation Pte Ltd
3. Jackson Vehicle Holdings Pte. Ltd.
4. Jackspeed Singapore Pte Ltd
5. Index Credit Pte Ltd
6. Index Agency Pte. Ltd.
7. Strada Automobil Pte. Ltd.
8. Jackspeed Industries Sdn Bhd
9. Jackspeed Leather Manufacturer (M) Sdn Bhd
10. Jackspeed Europe BV
11. Digital Blue Pty Ltd
|
| Present | 1. Dollar Tree Inc Pte. Ltd.
2. Bizmen Corporation Pte. Ltd.
3. Universal Resource and Services Limited
4. Ban Leong Technologies Limited
5. International Press Softcom Limited
6. AV Labs International Pte. Ltd.
7. Gifted and Talented Education Pte. Ltd.
8. Audion Innovision Pty Ltd
9. Ban Leong Technologies Australia Pty Ltd
10. BLC (China) 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 |
| (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? | Yes |
| If Yes, Please provide full details | Around April 2013, Mr Neo was investigated by Commercial Affairs Department ( CAD ) regarding his involvement for the non-compliance of Section 162 of the Companies Act, Cap. 50 in relation to the grant of a staff loan to a director of a subsidiary of a Singapore listed company around October 2009 without prior shareholders approval of that subsidiary. Mr Neo was the Chief Executive Officer of that listed company at the relevant time. The staff loan was a sum of S$50,000, which was granted to that subsidiary's director to pay for the medical expenses of his mother, was granted with the joint approval of the Chairman of the board of that listed company in accordance with the authority approval matrix of that listed company, and the Group Financial Controller/Company Secretary was also involved in handling the procedures relating to that loan. The staff loan was repaid in full by the relevant director in May 2010. Mr Neo was issued with a letter of warning by CAD in January 2014 in relation to the same. No charges were filed.
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| Any prior experience as a director of a listed company? | Yes |
| If Yes, Please provide details of prior experience | Director of International Press Softcom Ltd, Universal Resource and Services Limited and Ban Leong Technologies Limited.
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