Sitra Holdings (Intl : Announcement Of Appointment Of Chief Financial Officer

The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)Mr Lee Tak Meng was shortlisted and interviewed by the directors who find his experience and qualifications suitable for the position of Chief Financial Officer ("CFO"). As required under Rule 407 (4)(c) of the Rules of the Catalist, the Board wishes to announce the appointment of Mr Lee Tak Meng as CFO of the Company. The Audit Committee members had confirmed that after making all reasonable enquiries, and to the best of their knowledge and belief, nothing has come to their attention to cause them to believe that Mr Lee Tak Meng does not have the competence, character and integrity expected of a CFO of a listed issuer.Whether appointment is executive, and if so, area of responsibilityAppointment is executive. He is responsible for the financial and accounting
matters of Sitra Group.Working experience and occupation(s) during the past 10 yearsChief Operating Officer, Pacific Spirits Group (2001-2005)
Chief Operating Officer, SUTL Corporations (2005-2008)
VP (Admin & Finance) (2009-2012)Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiariesNoa.Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner?No
b.Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency?No
d.Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach?No
f.Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation or dishonesty on his part)?No
FootnotesThis announcement has been prepared by the Sitra Holdings (International) Limited ("Company") and its contents have been reviewed by the Company's sponsor, KW Capital Pte Ltd ("Sponsor") for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 details of the contact person for the Sponsor is:-

Name: Mr. Thomas Lam (Registered Professional, KW Capital Pte. Ltd.)
Address: 80 Raffles Place, #25-01 UOB Plaza 1, Singapore 048624.
Tel: [phone]