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Change - Announcement Of Appointment Of Executive Director
BackFeb 12, 2020
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Feb 12, 2020 17:24 |
| Status | New |
| Announcement Sub Title | Appointment of Executive Director |
| Announcement Reference | SG200212OTHR3POL |
| Submitted By (Co./ Ind. Name) | Sean Lee Yun Feng |
| Designation | CEO |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Ms Liely Lee as Executive Director of the Company. |
| Additional Details | |
| Date Of Appointment | 12/02/2020 |
| Name Of Person | Liely Lee |
| Age | 46 |
| 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 has reviewed the credentials of Ms Liely Lee and that she has the qualification and experience to act in the appointed capacity. As recommended by the Nominating Committee, the Board has approved her appointment accordingly. |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is executive. She is currently the Chief Financial Officer of Marco Polo Marine Ltd. She is responsible for all finance, accounting treasury and strategic development of the Group. There will be no changes to her job scope after the appointment. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and Chief Financial Officer |
| 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 | Yes. Ms Liely Lee is the sister of Chief Executive Officer of the Company, Mr Sean Lee Yun Feng. |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | - The Chief Financial Officer of Marco Polo Marine Ltd. She is responsible for all finance, accounting treasury and strategic development of the Group. - Executive Director of Marco Polo Marine Ltd (Resigned on 28 February 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? | Yes |
| Shareholding Details | Ms Liely Lee is deemed interested in: i) 770,000 shares which will be issued and allotted to her upon the exercise of employee share options granted to her under the MPM ESOS and ii) 161,484,285 shares which are held on trust for her by Watiga Trust Pte Ltd. |
| # 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) | 1) ALPHINE MARINE LTD (BVI) 2) GOLD PARK PTY LTD 3) MPST MARINE PTE. LTD. 4) MARCO POLO DRILLING PTE. LTD. 5) MARCO POLO DRILLING (I) PTE. LTD. |
| Present | 1) MARCO POLO SHIPYARD PTE. LTD. 2) MP MARINE PTE. LTD. 3) MP SHIPPING PTE. LTD. 4) MARCO POLO OFFSHORE PTE. LTD. 5) MARCO POLO SHIPPING CO PTE LTD 6) MARCOPOLO SHIPPING (HONG KONG) LIMITED 7) MARCO POLO OFFSHORE (II) PTE. LTD. 8) MP OFFSHORE PTE. LTD. 9) MARCO POLO OFFSHORE (III) PTE. LTD. 10) PT. PELAYARAN NASIONAL BINA BUANA RAYA TBK 11) BBR SHIPPING PTE. LTD. 12) MPMT PTE. LTD. 13) MPMT 1 TANKERS PTE. LTD. 14) PT. SINAR BINTANG MAKMUR 15) MARCO POLO OFFSHORE (VI) PTE. LTD. 16) MARCO POLO OFFSHORE (VII) PTE. LTD 17) HEATEC JIETONG HOLDINGS LTD. |
| (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 | Ms Liely Lee was formerly an Executive Director and an Alternate Director to Mr Lee Wan Tang (former Executive Chairman) in Marco Polo Marine Ltd. |
