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Sep 13, 2022

Change - Announcement Of Appointment Of Non-Executive And Independent Director

Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Sep 13, 2022 22:00
Status New
Announcement Sub Title Appointment of Non-Executive and Independent Director
Announcement Reference SG220913OTHRIHN9
Submitted By (Co./ Ind. Name) Catherine Yeo
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Appointment of Non-Executive and Independent Director, member of the Audit Committee, member of the Nominating Committee and member of the Remuneration Committee of Frasers Property Limited ("FPL").
Additional Details
Date Of Appointment 19/09/2022
Name Of Person Chin Yoke Choong
Age 70
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) Mr Chin will bring to the Board a wealth of knowledge and experience from his extensive career. He was the Managing Partner of KPMG Singapore from 1992 until his retirement in September 2005. He has since been active in the Singapore corporate and public service scenes, serving and having served on boards of various listed companies and government-linked organisations.

Mr Chin is known to the Nominating Committee ("NC") as he had previously served as a non-executive and independent director ("NEID") of Frasers Logistics & Commercial Asset Management Pte. Ltd. ("FLCAM") (a wholly-owned subsidiary of FPL and manager of Frasers Logistics & Commercial Trust ("FLCT")). Prior to that, he was an NEID and the Chairman of Frasers Commercial Asset Management Ltd. ("FCOAM") (a wholly-owned subsidiary of FPL and manager of Frasers Commercial Trust ("FCOT") which merged with and became a sub-trust of FLCT in April 2020).

After having considered the qualifications, expertise, experience and independence of Mr Chin, the Board, with the recommendation of the NC, approved the appointment of Mr Chin as a Non-Executive and Independent Director of FPL as well as a member of each of the Audit Committee, the NC and the Remuneration Committee. The Board is of the view that Mr Chin's experience would provide further diversity to the core competencies and skill set of the Board. The Board also considers Mr Chin to be independent for the purposes of Rule 704(8) of the Listing Manual of SGX-ST.
Whether appointment is executive, and if so, the area of responsibility Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Executive and Independent Director, member of the Audit Committee, member of the Nominating Committee and member of the Remuneration Committee
Professional qualifications - Bachelor of Accountancy, University of Singapore
- Associate Member of the Institute of Chartered Accountants in England and Wales
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) Mr Chin is a board member of Ho Bee Land Limited ("HBL"), a company listed on the SGX-ST. Although HBL is also in the real estate business, given the competitive markets, the potential areas of conflict are limited. In the event of any possible conflicts arising, Mr Chin will abstain and recuse himself from discussion and decision on the transactions in which he may have an interest.

Mr Chin also serves on the board of AVJennings Limited ("AVJ"), a residential developer in Australia which is listed on the Australian Securities Exchange and SGX-ST through SGX Globalquote. The same comments as stated above for HBL are also applicable to Mr Chin's appointment as a director on the board of AVJ and in the event of any possible conflicts, Mr Chin will abstain and recuse himself from discussion and decision on the transactions in which he may have an interest.
Working experience and occupation(s) during the past 10 years Please see attached.
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) Please see attached.
Present Please see attached.
(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 Chin is a non-executive director of HBL, and was formerly a non-executive and independent director of (a) Frasers Centrepoint Asset Management Ltd. (manager of Frasers Centrepoint Trust), (b) FLCAM (manager of FLCT), (c) Neptune Orient Lines Limited, (d) Oversea-Chinese Banking Corporation Limited, (e) Sembcorp Industries Limited, (f) Singapore Telecommunications Limited, (g) Stamford Land Corporation Ltd, (h) The Straits Trading Company Limited, and (i) Yeo Hiap Seng Limited. Mr Chin was also a non-executive and independent director and the Chairman of FCOAM (manager of FCOT which merged with and became a sub-trust of FLCT).
Attachment 1

13 Sep 2022 | PDF 18,279 kb

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