News

Announcement Of Appointment Of Non-Executive Director

BackNov 21, 2012

Appointment Details
Date of Appointment		21/11/2012
Name		Saito Atsushi
Age		61
Country of principal residence		Indonesia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)		After reviewing the recommendation of the Nominating Committee and Mr Saito Atsushi's qualifications, experiences and suitability, the Board of Directors have approved the appointment of Mr Saito Atsushi (a nominee of Chori Co. Ltd) as a Non Executive Director of the Company.
Whether appointment is executive, and if so, area of responsibility		Non Executive
Job Title		Non Executive Director
Working experience and occupation(s) during the past 10 years		October 2000 Chori Co. Ltd, General Manager October 2003 Chori Co. Ltd, Department Manager June 2008 Chori Co. Ltd, Executive Officer June 2012 Chori Co. Ltd, Expertise Officer June 2012 - Present P.T. Chori Indonesia, Chairman June 2012 - Present Chori Trading (Malaysia) Sdn Bhd, Chairman June 2012 - Present Chori Singapore Pte Ltd, President
Shareholding in the listed issuer and its subsidiaries		NIL
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries		NIL
Conflict of interest		NIL
Other Directorship
Past (for the last five years)		Vice president of Red Butterfly Strontium Industry Co. Ltd Dazu Chongqing Vice president of Beijing Chostar Equipment Co. Ltd President of Tohcho Co. Ltd
Present		Chairman of P.T. Chori Indonesia Chairman of Chori Trading (Malaysia) Sdn Bhd President of Chori Singapore Pte Ltd
Information required pursuant to Listing Rule 704(7)(h)
a.	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
c.	Whether there is any unsatisfied judgement 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 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
g.	Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation?	No
h.	Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation?	No
i.	Whether he has ever been the subject of any order, judgement 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,	No
	in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
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
Information required pursuant to Listing Rule 704(7)(i)
	Any prior experience as a director of a listed company?	No
	If yes, please provide details of prior experience.	Training will be provided after appointment as director of the Company.
Other Notes
Footnotes		This announcement has been prepared by the Company and the contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "Exchange"). The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Exchange and the Exchange 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 contact person for the Sponsor is Mr Bernard Lim (tel: (65) 6221 2290) at 1 Robinson Road, #21-02, AIA Tower, Singapore 048542.