| Announcement Title | Change - Announcement of Appointment |
| Announcement Subtitle | Appointment of Mr Wong Pak Him Patrick as Executive Director |
| Securities | CEDAR STRATEGIC HOLDINGS LTD (CEDAR) |
| Date & Time of Broadcast | Sep 19, 2016 20:25 |
| Submitted By | Tan Swee Gek Company Secretary |
| Description | This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The Company's 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 Company's Sponsor is Mr Ng Joo Khin Telephone number: 6389 3000 Email: jookhin.ng@morganlewis.com |
| Appointment Details | |
| Date of appointment | Sep 19, 2016 |
| Name of person | Wong Pak Him Patrick |
| Age | 37 |
| Country of principal residence | China |
| The Board's comments on this appointment | Mr Wong Pak Him Patrick is an accounting graduate with more than 7 years of accounting, audit, project appraisals and corporate finance experience. He has extensive experience in financial management and is familiar with accounting standards and taxation regulations in Hong Kong and the People's Republic of China. Mr Wong graduated from the Hong Kong Baptist University, and has become the chartered accountant guild members (ACCA) since 2008. He worked at Hong Kong Ho & Lam CPA Limited and Far City Mining Ltd. He participated in the Canadian public listing plan of Far City Mining Ltd., and served as the Chief Financial Officer and director of the said company. Mr Wong has been a Director of the Company since 21 July 2015 and as such is familiar with the Group's business. Since his appointment as an Independent Director of the Company, he has taken an active involvement in the Group's business. During Mr Wong's time at the Company, the Company's Nominating and Corporate Governance Committee ("NCGC") noted that Mr Wong has demonstrated the requisite experience, skills and management skills to contribute positively to the Group. As such, the NCGC approached Mr Wong to request that he take on the position as Executive Director. Mr Wong, after due deliberation, has agreed to the same. In light of the reasons above and on the recommendation of the NCGC, the Board has approved the re-designation of Mr Wong Pak Him Patrick as the Executive Director of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Executive Mr Wong will be responsible for the execution of the Group's investment and mergers and acquisitions strategies. |
| Job title | Executive Director |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None |
| Conflict of interests (including any competing business) | None |
| Working experience and occupation(s) during the past 10 years | Auditor of Ho & Lam CPA Limited (2001 - 2009) Director & Chief Financial Officer of Far City Mining Ltd. (2009 - 2014) General Manager of Chengdu Gao Peng Technology Co. Ltd. (2014 - Present) |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | Mr Wong Pak Him Patrick has a direct interest in 2,025,823,037 shares and 50,000,000 share options of the Company. |
| Other Directorships | |
| Note: 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) | Far City Mining Ltd. |
| Present | None |
| Information Required Persuant To Listing Rule 704(7)(H) | |
| (a) Whether at any time during the past 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 any 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 with 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 |
| Information Required persuant to Listing Rule 704(7)(I) | |
| Note: Disclosure applicable to the appointment of Director only | |
| Any prior experience as a director of a listed company? | Yes |
| If yes, please provide full details | Far City Mining Ltd. (listed on Canadian Securities Exchange) Cedar Strategic Holdings Ltd. (Independent Director) |