Wing Tai : Appointment of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager

WING TAI HOLDINGS LIMITED

Securities

WING TAI HOLDINGS LIMITED - SG1K66001688 - W05

Stapled Security

No

Announcement Details

Announcement Title

Change - Announcement of Appointment

Date &Time of Broadcast 30-Jun-2020 17:20:26

Status

New

Announcement Sub Title

Appointment of Independent Non-Executive Director

Announcement Reference

SG200630OTHR0NBU

Submitted By (Co./ Ind. Name)

Gabrielle Tan

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

Appointment of Mr Eric Ang Teik Lim as Independent Non-Executive Director

Additional Details

Date Of Appointment 01/07/2020

Name Of Person

Eric Ang Teik Lim

Age 67

Country Of Principal Residence

CHANGE - ANNOUNCEMENT OF APPOINTMENT::APPOINTMENT OF INDEPENDENT NON- Singapore

EXECUTIVE DIRECTOR

The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)

The Board of Directors has accepted the recommendation of the Nominating Committee of Wing Tai Holdings Limited ("WTH") which has reviewed Mr Ang's quali�cations and experience, and approved the appointment of Mr Ang as an independent non-executive director of WTH.

Whether appointment is executive, and if so, the area of responsibility

Non-Executive

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Member of the Nominating Committee and Remuneration Committee of WTH

Professional quali�cations

Bachelor of Business Administration (Honours), National University of Singapore

Any relationship (including immediate family relationships) with any existing director, existing executive of�cer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries

None

Con�ict of interests (including any competing business)

None

Working experience and occupation(s) during the past 10 years

Mr Eric Ang Teik Lim recently retired from DBS after more than 41 years with the Bank. Prior to his retirement on 26 January 2020, he was Senior Executive Advisor and before 1 June 2014, he was Managing Director and Head of Capital Markets. Mr Ang is an independent director on numerous boards in Singapore. His current directorships include Changi Airport Group, Raf�es Medical Group, Sembcorp Marine Ltd, Surbana Jurong Pte Ltd and NetLink NBN Management Pte Ltd. He was previously a director of Hwang Capital (Malaysia) Bhd and DBS Foundation Ltd. Eric Ang is also the Co-Chairman of the SGX Disciplinary Committee and the Vice Chairman of The Community Chest Committee. Through the years, Mr Ang has developed a wealth of experience in Singapore's capital markets, having worked on landmark deals such as the listing of Singapore Airlines Ltd, Singapore Telecoms Ltd and CapitaMall Trust Ltd.

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 �elds are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).

Past (for the last 5 years)

Hwang Capital (Malaysia) Bhd NetLink Management Pte Ltd DBS Foundation Ltd

Present

Other listed companies: Sembcorp Marine Ltd Raf�es Medical Group Ltd

Other principal commitments:

Changi Airport Group (Singapore) Pte Ltd Surbana Jurong Private Limited

NetLink NBN Management Pte Ltd (Trustee of NetLink NBN Trust)

SGX Listings Disciplinary Committee (Co-Chairman)

Community Chest Committee (Vice Chairman)

(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was �led 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 �led 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 unsatis�ed 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 �nding 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 disquali�ed 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

Mr Ang is currently a non-executive director of Sembcorp Marine Ltd, Raf�es Medical Group Ltd and NetLink NBN Management Pte Ltd (Trustee of NetLink NBN Trust).

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