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| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | May 12, 2017 19:20 |
| Status | New |
| Announcement Sub Title | APPOINTMENT OF NON-EXECUTIVE DIRECTOR |
| Announcement Reference | SG170512OTHR7JWT |
| Submitted By (Co./ Ind. Name) | Tan Cher Liang |
| Designation | Independent Chairman |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, United Overseas Bank Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr. Chia Beng Kwan, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, telephone: +65 6533 9898. |
| Additional Details | |
| Date Of Appointment | 12/05/2017 |
| Name Of Person | Ron Sim Chye Hock |
| Age | 58 |
| 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") has assessed Mr. Sim's qualifications and experience. Upon the recommendations by the NC, the board of directors ("Board") of the Company is of the view that the appointment of Mr. Sim will be beneficial to the Board and to the Company. |
| 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 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 | Founder, Chairman and CEO of Osim International 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 | Mr. Sim holds 64,166,600 shares in the Company, representing approximately 10.0% of the total number of shares in the Company. |
| # 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) | OSDC Investment Pte Ltd Foodplex Trading Pte Ltd Nutri-Active Pte Ltd Reborne Pte Ltd Perennial (Capitol) Pte Ltd Perennial Tongzhou Holdings Pte Ltd Perennial Tongzhou Development Pte Ltd Perennial Xi'an Development Holding 2 Pte Ltd New Capitol Pte Ltd Perennial Somerset Investors Pte Ltd |
| Present | Osim International Pte Ltd ODC Logistics (S) Pte Ltd ONI Global (Trading) Pte Ltd ONI Global Pte Ltd TWG Tea Company Pte Ltd Perennial Real Estate Holdings Limited EQ Capital Pte Ltd Paris Investment Pte Ltd TWG Tea (North Asia) Pte Ltd OSIM Services Pte Ltd Spheria Pte Ltd TWG Tea Institute Pte Ltd Roval Holding Pte Ltd V3 Group Pte Ltd Blue Moon Pte Ltd OSIM (HK) Company Limited OSIM (M) Sdn Bhd OSIM (Taiwan) Co Ltd OSIM (China) Co Ltd OSIM International Trading (Shanghai) Co Ltd OSIM (Thai) Company Limited Daito-OSIM (Thailand) Co Ltd DT-OSIM Healthcare Appliances (Suzhou) Co Ltd Daito-Healthcare Appliances (Taicang) Co Ltd Suzhou Daitec Exercising Machine Co Ltd Laboratories Du Palais Royal The Wellbeing Group (HK) Company Limited TWG Tea (Macau) Company Limited TWG Tea (Taiwan) Company Limited ONI Global (Taiwan) Co Ltd LAC Co, Ltd LAC (Shanghai) Co, Ltd Richlife (Beijing) Co, Ltd Richlife (Guangzhou) Co, Ltd V3 Group Limited Vision Three 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? | Yes |
| If Yes, Please provide details of prior experience | Osim International Pte Ltd (listed on the Mainboard of the SGX-ST from 2000 to 2016) Perennial Real Estate Holdings Limited (listed on the Mainboard of the SGX-ST from 2014 to date) |