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| Appointment Details | ||
| Date of Appointment | 31/10/2012 | |
| Name | Tan Ah Lye ("Mr. Tan") | |
| Age | 72 | |
| Country of principal residence | Singapore | |
| 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. Tan's experiences and suitability, the Board of Directors have approved and recommended to the shareholders of the Company the appointment of Mr. Tan as a Non-Executive Director of the Company. Shareholders have approved the appointment of Mr. Tan as a Non- Executive Director of the Company in the Annual General Meeting held on 31 October 2012. Mr. Tan is also appointed as a Non-Executive Chairman of the Company. | |
| Whether appointment is executive, and if so, area of responsibility | Non Executive | |
| Job Title | Non-Executive Director and Non-Executive Chairman | |
| Working experience and occupation(s) during the past 10 years | Mr. Tan Ah Lye, the founder of the Company is also one of the pioneer in the heavy lifting industry in Singapore. He started his crane service business as a sole proprietor in 1969, the year when the Company was established and has more than 40 years of experience in cranes and construction-related machinery. Mr. Tan was responsible for all strategic planning, development and expansion plan for the Company until 2008 when Mr. Tan decided to take a backseat. Mr. Tan is very familiar with the business aspect of the Company and is also very well-versed with functionality of the business and the technicality of the equipment. He also has valuable experience and vast network across many industries. |
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| Interest in the listed issuer and its subsidiaries | 129,092,800 (Deemed interest) | |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Father of Mr. Tan Cheng Soon Don (Managing Director), Mr. Tan Cheng Guan (Executive Director) and Mr. Tan Cheng Kwong (Cheng Qingguang) (Executive Director) | |
| Conflict of interest | No | |
| Other Directorship | ||
| Past (for the last five years) | Sin Heng Heavy Machinery Pte. Ltd. (now known as Sin Heng Heavy Machinery Limited) Mr. Tan was a Director of the Company before the Company officially listed on Singapore Exchange Securities Trading Limited. |
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| Present | TAL Holdings Pte. Ltd. DBPS Capital Pte. Ltd. TAL Capital Pte. Ltd. Lye Holdings Pte. Ltd. Utoc Engineering Pte. Ltd. Tady Timber Co. |
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| 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 |
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| (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 |
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| (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 |
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| (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 |
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| 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. | Mr. Tan attended a course conducted by the Singapore Institute of Directors. |
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