Email This Print This News

Change - Announcement Of Re-Designation Of An Executive Chairman To A Non-Executive Chairman

Back Oct 30, 2020
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Oct 30, 2020 17:27
Status New
Announcement Sub Title RE-DESIGNATION OF AN EXECUTIVE CHAIRMAN TO A NON-EXECUTIVE CHAIRMAN
Announcement Reference SG201030OTHRAI9I
Submitted By (Co./ Ind. Name) S SURENTHIRARAJ AND KOK MOR KEAT
Designation COMPANY SECRETARIES
Description (Please provide a detailed description of the event in the box below) This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte Ltd (the ''Sponsor'' ). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the ''SGX-ST'' ) and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Bernard Lui, Telephone: +65 6389 3000.
Email: bernard.lui@morganlewis.com.
Additional Details
Date Of Appointment 31/10/2020
Name Of Person Dato' Jaya J B Tan
Age 73
Country Of Principal Residence Malaysia
Date of last re-appointment (if applicable) 28/10/2020
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Board of Directors of the Company wishes to announce the re-designation of Dato' Jaya J B Tan from an Executive Chairman to a Non-Executive Chairman of the Company and the resignation of Dato' Jaya J B Tan as member of the Nominating Committee with effect from 31 October 2020.

The re-designation is due to Dato' Jaya's intention to focus on other commitments and his resignation from the NC is to enable the Company to comply with Provision 4.2 of the Code of Corporate Governance 2018 of which requires the NC to comprise at least 3 directors, the majority of whom, including the NC Chairman, are independent.
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 Chairman
Professional qualifications Bachelor of Engineering, University of Arizona
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 Brother of Dato' Kamal Y P Tan, a substantial shareholder and a director of the Company.
Brother-in-law of Ms Tan Yet Meng, a substantial shareholder of the Company.
Uncle of Mr Tan San Chuan, a director of the Company.
Conflict of interests (including any competing business) No
Working experience and occupation(s) during the past 10 years Executive Chairman of Lasseters International Holdings Limited
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? Yes
Shareholding Details 95,868,540 ordinary shares
# 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) Envictus Dairies NZ Limited
Lasseters Corporation Limited
PT Sentrafood Indonusa
Sutera Mesra Sdn Bhd
The Delicious Group Sdn Bhd
The Delicious (Singapore) Pte Ltd
Present Lasseters International Holdings Limited (Listed)
Lasseters International Pte Ltd
Lasseters Resorts Pte Ltd
Lasseters Investments Pte Ltd
Lasseters Interactive Gaming Pte Ltd
Lasseters Holdings Pty Ltd
Ford Dynasty Pty Ltd
Lasseters Seaford Hotel Pty Ltd
Lasseters CLG Pty Ltd
Lasseters Valley Pty Ltd
Lasseters Health Club Pty Ltd
Lasseters Management (M) Sdn Bhd
Lasseters Properties Sdn Bhd
Merry Palms Sdn Bhd
Super Ace Resources Sdn Bhd
Cypress Lakes Group Pty Ltd
Cypress Lakes Golf & Country Club Pty Ltd
Cypress Lakes Property Pty Ltd
The Golden Door Pty Ltd
The Golden Door Holdings Pty Ltd
The Golden Door Health Retreat - Elysia Pty Ltd
The Golden Door Health Retreat - Willow Vale Pty Ltd
Envictus International Holdings Limited (Listed)
Envictus Brands Pte Ltd
Envictus QSR Pte Ltd
Envictus Capital (Labuan) Inc.
Envictus Foods International Inc.
Envictus (NZ) Limited
Naturalac Nutrition Limited
PT Quick Service Restaurant
Delicious Catering Sdn Bhd
De-luxe Food Services Sdn Bhd
Envictus Central Food Services Sdn Bhd
Envictus Dairies Marketing Sdn Bhd
Envictus Food Services Sdn Bhd
Envictus Foods (M) Sdn Bhd
Envictus Gifts Sdn Bhd
Envictus IT Services Sdn Bhd
Eureka Capital Sdn Bhd
Food Emporium Sdn Bhd
Gourmessa Sdn Bhd
Hot Bun Food Industries Sdn Bhd
Lyndarahim Ventures Sdn Bhd
Motivage Sdn Bhd
Pok Brothers (Johor) Sdn Bhd
Pok Brothers Sdn Bhd
Polygold Beverages Sdn Bhd
Polygold Holdings Sdn Bhd
Polygold Marketing Sdn Bhd
Reunion Restaurant Sdn Bhd
San Francisco Coffee Sdn Bhd
Texas Chicken (Malaysia) Sdn Bhd
Consistent Earnings Sdn Bhd
Motif Etika Sdn Bhd
Panglima Etika Sdn Bhd
Perinsu (Broker Insurans) Sdn Bhd
Telecontinent Sdn Bhd
YTF Nominees Sdn Bhd
Modern Discovery Sdn Bhd
Radiant Investments Limited
United Pacific Corporation Ltd
Nurring Group Limited
Able New Investments Ltd
New Magic Investments Limited
Grand Imperial Saigon Hotel LLC
(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? Yes
If Yes, Please provide full details Dato' Jaya resigned as a director of The Delicious Group Sdn Bhd ( TDG ), a wholly-owned subsidiary of Envictus International Holdings Limited on 22 June 2020. TDG has commenced creditors' voluntary liquidation on 5 August 2020 due to cessation of its business operations on 31 May 2020.
(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? Yes
If Yes, Please provide full details A warning letter was issued by the Monetary Authority of Singapore to Dato' Jaya J B Tan on 5 October 2018 relating to late disclosure of change of interest in Envictus International Holdings Limited.
Any prior experience as a director of an issuer listed on the Exchange? Yes
If Yes, Please provide details of prior experience Dato' Jaya J B Tan was the Executive Chairman of the Company since 1 September 2005 and this announcement relates to re-designation of his position as an Executive Chairman to a Non-Executive Chairman.