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Change - Announcement Of Appointment Of Independent Non-Executive Director

Back 10 Feb 2020
Issuer & Securities
Issuer/ Manager HUTCHISON PORT HOLDINGS MANAGEMENT PTE. LIMITED
Securities HUTCHISON PORT HOLDINGS TRUST - SG2D00968206 - NS8U
Stapled Security No
Announcement Details
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Feb 10, 2020 18:06
Status New
Announcement Sub Title Appointment of Independent Non-executive Director
Announcement Reference SG200210OTHR5QYQ
Submitted By (Co./ Ind. Name) Kim Yi Hwa
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Appointment of Independent Non-executive Director of Hutchison Port Holdings Management Pte. Limited (as trustee-manager of Hutchison Port Holdings Trust)
Additional Details
Date Of Appointment 11/02/2020
Name Of Person Fong Chi Wai, Alex
Age 63
Country Of Principal Residence Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Having considered the qualification, expertise and experience in the transportation and logistics industry of Dr. Fong Chi Wai, Alex, including his past positions as the Secretary to the Hong Kong Port and Maritime Board and the Hong Kong Logistics Development Council, the board of Hutchison Port Holdings Management Pte. Limited is of the view that Dr. Fong is an appropriate director for the Company and will be able to contribute to 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.) Independent Non-executive Director
Professional qualifications Fellow, The Chartered Institute of Logistics and Transport in Hong Kong
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 Dr Fong has no familial relationship with any existing director, existing executive officer, the substantial unitholder of Hutchison Port Holdings Trust ("HPHT") or any of its principal subsidiaries. However, Dr Fong is an independent non-executive director/ director of certain entities where CK Hutchison Holdings Limited, a substantial unitholder of HPHT, has interest in. Notwithstanding these roles, the Board deems that Dr Fong is able to exercise independent judgement in the interest of the unitholders of HPHT.
Conflict of interests (including any competing business) No
Working experience and occupation(s) during the past 10 years From 2006 to 2011
The Chief Executive Officer of Hong Kong General Chamber of Commerce

From December 2012 to Present
Director of The Hongkong Electric Company, Limited

Directorship in companies / investment trust listed on The Stock Exchange of Hong Kong Limited

From December 2012 to January 2014
Independent Non-executive Director of Power Assets Holdings Ltd.

From December 2019 to Present
Independent Non-executive Director of Tom Group Limited

From December 2013 to Present
Independent Non-executive Director of HK Electric Investments Limited and HK Electric Investments Manager Limited (as trustee-manager of HK Electric Investments)

From January 2019 to Present
Independent Non-executive Director of Glory Mark Hi-Tech (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? 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) Please see attached Appendix A
Present Please see attached Appendix A
(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 Not Applicable
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) Dr Fong is currently an independent non-executive director of Tom Group Limited, HK Electric Investments and HK Electric Investments Limited and Glory Mark Hi-Tech (Holdings) Limited, the securities of which are listed on The Stock Exchange of Hong Kong Limited ("HKEx"). The Board of Hutchison Port Holdings Management Pte. Limited (as trustee-manager of Hutchison Port Holdings Trust) is of the view that given (i) both Singapore and Hong Kong are common law jurisdictions; and (ii) the standards of corporate governance required by Singapore Exchange and HKEx are comparable, the mandatory training prescribed by Rule 210(5)(a) of the SGX-ST's Listing Manual is not required as Dr Fong has other relevant directorship experience.

Attachments

  1. Appendix A (Size: 41,885 bytes)
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