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Change - Replacement Announcement On Appointment Of New Independent Non-Executive Director
BackJun 27, 2023
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jun 27, 2023 21:57 |
| Status | New |
| Announcement Sub Title | Replacement Announcement on Appointment of New Independent Non-Executive Director |
| Announcement Reference | SG230627OTHRUVN5 |
| Submitted By (Co./ Ind. Name) | Adrian Chui |
| Designation | CEO & Executive Director |
| Description (Please provide a detailed description of the event in the box below) | This announcement supersedes the announcement dated 15 May 2023 on the appointment of Mr Loi Pok Yen as an Independent Non-Executive Director ("15 May Announcement"). The field 'Shareholding Details' below has been updated to '7,248,974 units (direct - 7,110,654 units and deemed - 138,320 units) equivalent to 0.095% unitholdings in ESR-LOGOS REIT' to include Mr Loi Pok Yen's deemed interest in his wife's unitholdings. Save for the foregoing, no other amendments were made to the 15 May 2023 Announcement. |
| Additional Details | |
| Date Of Appointment | 15/05/2023 |
| Name Of Person | Loi Pok Yen |
| Age | 53 |
| 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 Board of ESR-LOGOS Funds Management (S) Limited ("E-LOG FM") had reviewed Mr Loi's qualifications and work experience and supported his appointment as Independent Non-Executive Director of E-LOG FM on the basis of his on-the-ground expertise in the Singapore logistics space, coupled with his extensive experience in the logistics sector globally, as an operator, developer and investor, he will be able to complement the Board as well as the ARCC to contribute his expertise and network, especially in offshore property investments, as E-LOG goes overseas to purchase assets within the Sponsor's network. |
| Whether appointment is executive, and if so, the area of responsibility | Not applicable |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Independent Non-Executive Director |
| Professional qualifications | Not applicable |
| 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 Loi Pok Yen was the Group CEO of CWT Pte. Limited ("CWT"), an integrated logistics service provider that provides integrated logistics services and supply chain solutions to various industries through CWT group of companies, before he retired from his position on 31 March 2023. Prior to joining CWT, Pok Yen was responsible for the construction of warehouses and running the logistics business operations at C & P Holdings. From 1995 to 1997, he helped oversee and build Myanmar International Terminals Thilawa (MITT), Myanmar's largest port. Pok Yen has been instrumental in transforming the CWT Group into a global enterprise. In 2013, he was named EY Entrepreneur of the Year - Logistics Winner. |
| 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 | 7,248,974 units (direct - 7,110,654 units and deemed - 138,320 units) equivalent to 0.095% unitholdings in ESR-LOGOS REIT |
| # 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) | Please refer to Appendix A |
| Present | Please refer to Appendix A |
| (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 | He was on the Board of CWT Pte Limited. |
| 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) | Not applicable |
Attachments
- Appendix A (Size: 144,404 bytes)