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Change - Announcement Of Appointment Of Person Who Is A Relative Of A Director And Substantial Shareholder
BackOct 01, 2024
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Oct 1, 2024 19:22 |
| Status | New |
| Announcement Sub Title | Appointment Of Person Who Is A Relative Of A Director And Substantial Shareholder |
| Announcement Reference | SG241001OTHRVXJ1 |
| Submitted By (Co./ Ind. Name) | Ong Chu Poh |
| Designation | Executive Chairman and Group Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | Appointment Of Person Who Is A Relative Of A Director And Substantial Shareholder To A Managerial Position In The Company's Principal Subsidiaries This document has been prepared by the Company and its contents have been reviewed by the Company's sponsor, R & T Corporate Services Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). This document has not been examined or approved by the Exchange. The Exchange assumes no responsibility for the contents of this document including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr. Howard Cheam Heng Haw (Telephone Number: +65 6232 0685), R & T Corporate Services Pte. Ltd., at 9 Straits View #06-07, Marina One West Tower, Singapore 018937. |
| Additional Details | |
| Date Of Appointment | 01/10/2024 |
| Name Of Person | Ong Hui Ming |
| Age | 42 |
| 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, having reviewed and assessed the credentials, qualifications and working experiences, is of the view Ms. Ong Hui Ming ("Ms. Ong") has the requisite experience and capabilities to assume the role and responsibility as the Director of the principal subsidiaries of Econ Healthcare (Asia) Limited ("Company"). |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Director of the principal subsidiaries of the Company, namely: 1. Econ Ambulance Services Pte. Ltd. 2. Econ Nursing Home Services (1987) Pte. Ltd. 3. Sunnyville Nursing Home (1996) Pte. Ltd. 4. Econ TCM Services Pte. Ltd. 5. Econ Medicare Centre Pte. Ltd. 6. Econ Careskill Training Centre (ECTC) Pte. Ltd. 7. Econ Healthcare (China) Pte. Ltd. 8. Econ Healthcare (M) Pte. Ltd. 9. Econ Health & Wellness Centre Pte. Ltd. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Director of the principal subsidiaries of the Company. Ms. Ong is also the Executive Director and Chief Executive Officer, Singapore of the Company. |
| Professional qualifications | Bachelor of Business Studies (Marketing) from Nanyang Technological University Master of Business (Marketing) with Distinction from RMIT University Graduate of the SPRING Singapore; Executive Leadership Development Programme at The Wharton School of the University of Pennsylvania |
| 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 | Daughter of Mr Ong Chu Poh, Executive Chairman and Group CEO |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | Ms Ong has with her 18 years of experience in the Community Care Sector. She joined ECON in 2006 and contributed to management positions across portfolios including marketing, business development and operations. Ms Ong is responsible for leading and managing the overall operations and performance of the Group's businesses in Singapore. |
| 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) | Econ Advance Renal Care Pte. Ltd. Econ Healthcare Pte. Ltd. |
| Present | Ambulance Medical Services 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? | Yes |
| If Yes, Please provide details of prior experience | Ms Ong is the Executive Director and Chief Executive Officer, Singapore of Econ Healthcare (Asia) Limited. |