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Change - Announcement Of Appointment Of Executive Director
BackFeb 28, 2025
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Feb 28, 2025 17:35 |
| Status | New |
| Announcement Sub Title | Appointment of Executive Director |
| Announcement Reference | SG250228OTHRD5FV |
| Submitted By (Co./ Ind. Name) | Lim Kai Ching |
| Designation | Group CFO |
| Effective Date and Time of the event | 28/02/2025 17:00:00 |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr. Lim Kai Ching, the current Group CFO, as Executive Director of the Company with effect from 28 February 2025. |
| Additional Details | |
| Date Of Appointment | 28/02/2025 |
| Name Of Person | Lim Kai Ching |
| Age | 52 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The appointment of Mr. Lim Kai Ching ("Mr. Lim") as Executive Director of the Company was recommended by the Nominating Committee ("NC") and approved by the Board. The NC had reviewed Mr. Lim's qualification and background and found him suitable for the role of an Executive Director of the Company and would enhance the composition of the existing Board of Directors thereby beneficial to the Company. The Board of Directors, having considered the recommendation of the NC and having reviewed and considered the qualifications, expertise, working experience and suitability of Mr. Lim, is satisfied that he has the relevant experience, knowledge and skills to assume the responsibilities as an Executive Director ofthe Company. |
| Whether appointment is executive, and if so, the area of responsibility | Mr. Lim will hold an executive position and his responsibilities includes assisting the CEO in strategy formulation, execution and general management of the Group. In addition, Mr. Lim has been instrumental to the Group's sustainability initiatives and will be tasked as the Executive Director overseeing the Group's sustainability programmes. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director |
| Professional qualifications | Mr. Lim graduated with a Bachelor of Accountancy (Honours) from Nanyang Technological University and is a member of the Institute of Singapore Chartered Accountants ("ISCA"). Mr. Lim has obtained the ISCA Sustainability Professional Certification in 2024. |
| 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 | No. |
| Conflict of interests (including any competing business) | No. |
| Working experience and occupation(s) during the past 10 years | Mr. Lim joined Uni-Asia in June 2011 and was appointed as Chief Financial Officer of the Group in August 2011 and subsequently as Group Chief Financial Officer in 2015. Mr. Lim has over 25 years of experience in areas including finance, accounting, risk management, investment, audit and investor relations. Prior to joining Uni-Asia, Mr. Lim worked for State Street Fund Services (Singapore) Pte Ltd. Between 2008 to 2009, he was the Financial Controller of a PRC-based seafood processing company. From 2007 to 2008, Mr. Lim was Vice President with the Group, responsible for the Group's on-going listing matters and financial reporting of private shipping fund for which the Group acts as fund manager. Between 1999 and 2007, Mr. Lim was with Government of Singapore Investment Corporation Pte Ltd ("GIC"). |
| 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 | 10,000 ordinary shares held by self. 4,500 ordinary shares held by spouse. |
| # 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) | N.A. |
| Present | - Uni-Asia Capital (Singapore) Limited - Joule Asset Management (Pte.) 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 an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Yes. Mr. Lim has signed up for the BOD Masterclass Programme to be conducted jointly by ISCA and SAC Capital as prescribed by Practice Note 4D Schedule 1 of the Listing Rules. |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | Mr. Lim will be undergoing training as prescribed by Practice Note 4D. |
Attachments
- Attachment 1 (Size: 115,810 bytes)