| Announcement Title |
Change - Announcement of Appointment |
| Date & Time of Broadcast |
Jun 1, 2018 17:44 |
| Status |
New |
| Announcement Sub Title |
Appointment of Executive Director |
| Announcement Reference |
SG180601OTHRIJ1Z |
| Submitted By (Co./ Ind. Name) |
Ong Chin Sum |
| Designation |
Chief Executive Officer and Executive Director |
| Effective Date and Time of the event |
01/06/2018 18:00:00 |
| Description (Please provide a detailed description of the event in the box below) |
Announcement of Appointment of Executive Director |
| Additional Details |
| Date Of Appointment |
01/06/2018 |
| Name Of Person |
Osamu Murai |
| Age |
47 |
| Country Of Principal Residence |
Japan |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) |
Mr. Osamu Murai was nominated for appointment as an Executive Director of the Company by Hanwa Co., Ltd. ("Hanwa"), a controlling shareholder of the Company, pursuant to the terms of the Strategic Alliance Agreement dated 1 December 2014 entered into between Hanwa and the Company.
The Nominating Committee and Board of Directors ("Board") of the Company have reviewed and considered Mr. Murai's qualifications and work experience and are of the opinion that he is suitable for the role of Executive Director of the Company. |
| Whether appointment is executive, and if so, the area of responsibility |
Yes. Assistant to the Chief Executive Officer of the Company ("CEO"), with, including but not limited to, the following duties:
1) Expanding the Company's business, such as business for Japanese customers, where Hanwa has a strength in;
2) Expanding the Company's international business through collaboration with Hanwa's global network;
3) Facilitating the communication with Hanwa to foster a strategic alliance;
4) Assisting in the procurement function of the Group within the guidelines established by the Board and report to the CEO of the Company;
5) Developing and recommending to the CEO the strategic directions for the Group's procurement functions;
6) Developing and implementing policies and procedures to enhance the effectiveness and efficiency of the procurement functions of the Group and to ensure that these policies and procedures are ISO compliant;
7) Carrying out any other duties as may be delegated by the Board and/or the CEO from time to time;
in pursuance of his duties hereunder perform such services for any existing or future subsidiary or subsidiaries of the Company and without further remuneration (unless otherwise agreed) accept such offers in any such companies as the Board may from time to time reasonably require. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) |
Executive Director |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries |
Nil |
| Conflict of interests (including any competing business) |
Nil |
| Working experience and occupation(s) during the past 10 years |
Mr. Murai held the following positions in the past 10 years in Hanwa:
1) Manager (Non-Ferrous Metal Department) of Hanwa's London Branch (from 2008 to 2012);
2) Deputy General Manager (Non-Ferrous Metal Department) of Hanwa's London Branch (from 2012 to 2015);
3) Manager, Sheet and Structural Steel International Section, Tokyo Headquarters (from 2015 to 2016);
4) Manager, International Trade Section 3, Tokyo Headquarters (from 2016 to 2017); and
5) General Manager, International Trade Department II, Tokyo Headquarters (from 2017 to 2018). |
| 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) |
Nil |
| Present |
Nil |
| (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 a listed company? |
No |
| If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company |
No. Mr. Murai will be attending the training programme "So, You Want to be A Director (SYD)" organized by Singapore Institute of Directors to be held on 5 July 2018. |
