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Change - Announcement Of Appointment Of Chief Operating Officer

BackNov 23, 2017
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Nov 23, 2017 17:44
Status New
Announcement Sub Title Appointment of Chief Operating Officer
Announcement Reference SG171123OTHR458A
Submitted By (Co./ Ind. Name) Ong Beng Hong
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Please see attached.
Additional Details
Date Of Appointment 23/11/2017
Name Of Person Chung Kim Yew
Age 58
Country Of Principal Residence Malaysia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Mr Chung Kim Yew was previously an Executive Director and the Chief Operating Officer of the Company and has extensive experience managing the Group's operations. The Board having reviewed and considered Mr Chung Kim Yew's qualifications and work experience found him suitable for his role as the Chief Operating Officer and the Board approved his appointment.

Mr Chung Kim Yew's appointment as the Chief Operating Officer of the Company is in connection with the purchase by the Company from Mr Lim Sok Kian and Mr Chung Win Kwong of Brezza Living Sdn Bhd ("the Acquisition") (as disclosed by the Company in a separate announcement released today, 23 November 2017.
Whether appointment is executive, and if so, the area of responsibility Yes, the appointment is executive.

Responsible for the Group's operations in Malaysia including management of the manufacturing facilities, sofa export business, retail operations and Licensed Retailing Systems.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Operating Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Conflict of interests (including any competing business) No. Notwithstanding this, for good order, Mr Chung Kim Yew has disclosed that his son, Mr Chung Win Kwong, independent of Mr Chung Kim Yew, is a director and shareholder of certain companies which are also involved in the furniture business.
Working experience and occupation(s) during the past 10 years April 2015 - Present
Brezza Living Sdn Bhd
-Advisor

October 2005 - September 2014
Lorenzo International Limited
-Executive Director and Chief Operating Officer
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? No
# 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 Concurrent with his appointment as Chief Operating Officer of the Company, Mr Chung Kim Yew has been appointed as a director of the Company's Malaysian subsidiaries, Uhin Sofa Sdn Bhd, Ginova Furnishing Sdn Bhd, Uhin Wood Industries Sdn Bhd, Monica Design Sdn Bhd and Ginova Marketing Sdn Bhd. Following the Acquisition, Mr Chung Kim Yew has also been appointed a director of Brezza Living Sdn Bhd.
(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 a listed company? No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company Nil

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