Sinwa : Change - Appointment Of Executive Director, Executive Chairman Of The Board And Member Of The NC

Change - Appointment Of Executive Director, Executive Chairman Of The Board And Member Of The NC

Announcement Title	Change - Announcement of Appointment
Announcement Subtitle	Appointment of Executive Director, Executive Chairman of the Board and Member of the NC
Securities	SINWA LIMITED (SINWA)
Date & Time of Broadcast	Jan 8, 2016 19:25
Submitted By	Chew Kok Liang Company Secretary
Description	Appointment of Mr Sim Yong Teng as Executive Director, Executive Chairman of the Board and Member of the Nominating Committee.
Appointment Details
Date of appointment	Jan 8, 2016
Name of person	Sim Yong Teng
Age	71
Country of principal residence	Singapore
The Board's comments on this appointment	The Board of Directors concurs with the recommendation of the Nominating Committee and is of the view that based on his qualifications and work experience, Mr Sim Yong Teng will be able to contribute positively to the Group.
Whether appointment is executive, and if so, the area of responsibility	The role is executive and will be responsible for, among others, the strategic direction and development of the Group, M&A activities, the management and expansion of the Groups' China operations.
Job title	Executive Director, Executive Chairman of the Board and Member of the Nominating Committee.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries	Mr Sim Yong Teng is a controlling shareholder of Sinwa Limited and is the father of Sim Li-Meng Timothy (Shen Liming), an executive director of Sinwa Limited.
Conflict of interests (including any competing business)	Nil
Working experience and occupation(s) during the past 10 years	1) SINWA LIMITED July 2002 to July 2011 - Chief Executive Officer and Executive Chairman July 2011 to October 2012 - Executive Chairman November 2012 to January 2016 - Consultant
Shareholding interest in the listed issuer and its subsidiaries	Yes
Shareholding details	Direct Interest: 5,952,150 shares Indirect Interest: 140,147,928 shares held through Evenstar Investments Pte Ltd
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)	1. AMS Engineering Pte. Ltd. 2. AMS Marine Pte. Ltd. 3. Evenstar Investments Pte Ltd 4. Evenstar (Australia) Pty Ltd 5. Sinwa Limited 6. Seafirst Marine Services Pte. Ltd. 7. Sinwa (Singapore) Pte Ltd 8. Sinwa Emerald Pte. Ltd. 9. Sinwa Interntional Pte. Ltd. 10. Sinwa Marine Pte Ltd 11. Sinwa Offshore Pte. Ltd. 12. Sinwa SS Pte. Ltd. 13. Yakki International Pte. Ltd. 14. Sinwa Australia Pty Ltd 15. Sinwa Aims Pty Ltd 16. Sinwa Holdings (Australia) Pty Ltd 17. Nordic International Limited
Present	Nil
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?	Yes
If yes, please provide full details	Mr Sim Yong Teng ('Mr Sim') pleaded guilty to charges under Section 218(2)(a) and 137(1) of the Securities and Future Act (Chapter 289) and Section 166(1), and 165(2)(a) of the Companies Act (Chapter 50) and was accordingly convicted on 28 September 2012. The Court imposed a fine of S$153,000 on Mr Sim and made a disqualification order under Section 154(2)(a) of the Companies Act, Cap. 50 against him from holding directorships for 3 years commencing on 12 October 2012. The three-year disqualification order has expired on 12 October 2015.
(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?	Yes
If yes, please provide full details	Mr Sim pleaded guilty to the charge under Section 83(1) of the Companies Act (Chapter 50) and was accordingly convicted on 28 September 2012.
(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?	Yes
If yes, please provide full details	Mr Sim pleaded guilty to charges under Section 218(2)(a) and 137(1) of the Securities and Future Act (Chapter 289) and Section 166(1), 165(2)(a) and 83(1) of the Companies Act (Chapter 50) and was accordingly convicted on 28 September 2012. The Court made a disqualification order under Section 154(2)(a) of the Companies Act, Cap. 50 against him from holding directorships for 3 years commencing on 12 October 2012. The three-year disqualification order has expired on 12 October 2015.
(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?	Yes
If yes, please provide full details	Mr Sim pleaded guilty to charges under Section 218(2)(a) and 137(1) of the Securities and Future Act (Chapter 289) and Section 166(1), 165(2)(a) and 83(1) of the Companies Act (Chapter 50) and was accordingly convicted on 28 September 2012. The Court made a disqualification order under Section 154(2)(a) of the Companies Act, Cap. 50 against him from holding directorships for 3 years commencing on 12 October 2012. The three-year disqualification order has expired on 12 October 2015.
(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	Sinwa Limited