Apr 30, 2018
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Wheelock Properties (Singapore) Ltd: Appointment of Director & Changes in Board Committee Members

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Press Release (TECHNICAL BULLETIN)

APPOINTMENT OF INDEPENDENT DIRECTOR
AND CHANGES IN BOARD COMMITTEE MEMBERS
The Board of Directors of Wheelock Properties (Singapore) Limited (the “Company”) is pleased to
announce the appointment of Mr Richard Lap Fung Li as an Independent Non-Executive Director of
the Company effective immediately after the conclusion of the annual general meeting of the Company
held on 27 April 2018.
The particulars of Mr Li, as required under Rule 704(7) of the Listing Manual of the Singapore
Exchange Securities Trading Limited (“SGX-ST”), are contained in a separate announcement made
today.
Mr Colm Martin McCarthy has been appointed as Lead Independent Director effective immediately
after the conclusion of the annual general meeting of the Company held on 27 April 2018.
Immediately following the aforesaid changes, the composition of the Board Committees are as follows:
Audit & Risk Management Committee
Kevin Khien Kwok (Chairman)
Colm Martin McCarthy
David Tik En Lim
Richard Lap Fung Li
All the above Audit & Risk Management Committee Members are considered independent for the
purpose of Rule 704(8) of the Listing Manual of the SGX-ST.
Nominating Committee
David Tik En Lim (Chairman)
Colm Martin McCarthy
Tan Bee Kim
Remuneration Committee
Colm Martin McCarthy (Chairman)
Kevin Khien Kwok
Richard Lap Fung Li

By Order of the Board
Pearly Oon
Company Secretary
27 April 2018

Change – Announcement of Appointment::Appointment of Non-Executive Independent Director

 

Issuer & Securities

 

Issuer/ Manager WHEELOCK PROPERTIES (SINGAPORE) LIMITED
Securities WHEELOCK PROPERTIES (S) LTD – SG1N72002107 – M35
Stapled Security No

 

Announcement Details

 

Announcement Title Change – Announcement of Appointment
Date & Time of Broadcast 27-Apr-2018 18:23:35
Status New
Announcement Sub Title Appointment of Non-Executive Independent Director
Announcement Reference SG180427OTHRCC0X
Submitted By (Co./ Ind. Name) Pearly Oon
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Appointment of Mr Richard Lap Fung Li as Non-Executive Independent Director effective immediately after the conclusion of the 45th Annual General Meeting of the Company held on 27 April 2018.

 

Additional Details

 

Date Of Appointment 27/04/2018
Name Of Person Richard Lap Fung Li
Age 67
Country Of Principal Residence Singapore
The Board’s comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Board has considered the Nominating Committee’s assessment of Mr Li’s qualifications, experience and independence as well as its recommendation. The Board is satisfied that Mr Li will be able to bring valuable experience and insights to the Board.
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 Independent Director, Member of Audit & Risk Management and Remuneration Committees.
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 Managing Director of Carlton Hotel (Singapore) Pte Ltd
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? Yes
Shareholding Details Direct interest in 2,000 shares of Wheelock Properties (Singapore) Limited held in joint accounts.
# 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) Fruitbowl Investments Pte. Ltd.
Suntec City Development Pte Ltd
Sharp-Roxy Sales (Singapore) Pte Ltd
Sharp-Roxy Sales & Service Company (M) Sdn Bhd
Sharp-Roxy Appliances Corporation (M) Sdn Bhd
Roxy Enterprises Limited
Valley Investments Limited
Great Prospect Limited
Carlton Bangkok Investment Limited
Present Roxy Property Investment Co Ltd
Fondlux Co Ltd
Moon Rock Co Ltd
Parkview Enterprises Ltd
Roxy Electric Co Ltd
Roxy Management Co Ltd
Bulldog Investment Ltd
Linslade Investment Co Ltd
View Profit Ltd
Cecil Court Holdings (S) Pte Ltd
Cecil Court Investment (S) Pte Ltd
Carlton Hotel (Singapore) Pte Ltd
Carlton City Hotel (S) Pte Ltd
Carlton Bangkok Investment Ltd
Carlton Bangkok Investment Pte Ltd
Carlton Hotel Bangkok Co Ltd
Ripe Investments Pte Ltd
Fruitbowl Investments 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 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 A briefing will be held on the Group’s structure, businesses and policies as well as the role and responsibilities as a Director of a listed company. Where necessary, appropriate external training will be arranged.

 

 

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