News

Change - Announcement Of Appointment Of Non-Executive And Non-Independent Director

BackJul 07, 2023

Announcement Title	Change - Announcement of Appointment
Date & Time of Broadcast	Jul 7, 2023 19:32
Status	New
Announcement Sub Title	Appointment of Non-Executive and Non-Independent Director
Announcement Reference	SG230707OTHRWN0Z
Submitted By (Co./ Ind. Name)	Lai Wai Kit Andrew
Designation	Company Secretary
Description (Please provide a detailed description of the event in the box below)	Please see below.
Additional Details
Date Of Appointment	07/07/2023
Name Of Person	Lim Yong
Age	33
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)	Mr Lim Yong is Portfolio Manager of Leap Securities Pte. Ltd. ("Leap Securities") which manages the assets of Leap International Pte Ltd ("Leap International"). Leap International is a family office based in Singapore that is a substantial shareholder of TeleChoice International Limited ("TeleChoice"). Leap International is 100% owned by Mr Lim Chai Hock Clive, who is stepping down as Non-Executive and Non-Independent Director of TeleChoice. The Board of Directors has accepted the Nominating Committee's recommendation and assessment of Mr Lim Yong's qualifications, experience and skillsets. The Board of Directors is of the view that Mr Lim Yong will enhance the mix and balance of skills, experience and diversity of perspectives on the Board.
Whether appointment is executive, and if so, the area of responsibility	Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Non-Executive and Non-Independent Director Member, Risk and Sustainability Committee
Professional qualifications	Bachelor of Commerce, University of Toronto
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	Mr Lim Yong is the son of Mr Lim Chai Hock Clive, who is a substantial shareholder and Non-Executive and Non-Independent Director of TeleChoice. Mr Lim Chai Hock Clive will be stepping down as Non-Executive and Non-Independent Director with effect from the date of appointment of Mr Lim Yong as Non-Executive and Non-Independent Director of TeleChoice. Mr Lim Yong is currently also under the employment of Leap International, which is a substantial shareholder of TeleChoice and is 100% owned by Mr Lim Chai Hock Clive.
Conflict of interests (including any competing business)	No
Working experience and occupation(s) during the past 10 years	Portfolio Manager, Leap Securities Pte. Ltd. (August 2016 - current) Marketing Director, D&C (Design & Comfort) Holding Pte. Ltd. (February 2017 - December 2017) Analyst, DBS Bank Ltd (February 2016 - July 2016) Equity Analyst Intern, Leap International Pte Ltd (Oct 2015 - February 2016) Business Development Intern, ITON Corporation (June 2015 - October 2015)
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)	No
Present	Portfolio Manager, Leap Securities Pte. Ltd.
(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?	No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange	Mr Lim Yong has taken the following courses conducted by the Singapore Institute of Directors: (a) LED 9: Environmental, Social and Governance Essentials; and (b) BDF - Board and Director Fundamentals. Mr Lim Yong will be enrolling for the other relevant training courses offered by the Singapore Institute of Directors within one year from the date of his appointment.