News
Change - Announcement Of Re-Designation Of Independent Non-Executive Director To Non-Executive Director
BackSep 19, 2025
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Sep 19, 2025 18:26 |
| Status | New |
| Announcement Sub Title | Re-designation of Independent Non-Executive Director to Non-Executive Director |
| Announcement Reference | SG250919OTHRQU79 |
| Submitted By (Co./ Ind. Name) | Chong Kee Hiong |
| Designation | Director |
| Description (Please provide a detailed description of the event in the box below) | Re-designation of Mr. Lock Wai Han as Non-Executive Director |
| Additional Details | |
| Date Of Appointment | 19/09/2025 |
| Name Of Person | Lock Wai Han |
| Age | 58 |
| 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. Lock Wai Han has taken on the following roles, being (i) a Director of Aesen Offshore Limited ("Aesen Offshore"), which is held by Pacific International Capital Inc. Limited, (ii) an employee of Aesen Pte. Ltd., a related company of Aesen Offshore and (iii) a consultant to Haiyi Holdings Pte. Ltd. ("Haiyi Holdings"). As at the date of this announcement, Pacific International Capital Inc. Limited and Aesen Pte. Ltd. are wholly and indirectly owned by Gallant Tang ("Tang Jialin"). Haiyi Holdings is owned by Gordon Tang and Celine Tang. Tang Jialin is the son of Gordon Tang and Celine Tang. Gordon Tang, Celine Tang and Tang Jialin are substantial unitholders of Suntec REIT. The Board has accepted the NRC recommendation that notwithstanding that the conduct of Mr. Lock Wai Han during discussions shows that he is acting independently, the Board of Directors are of the view that in terms of public perception of influence and independence, Mr. Lock Wai Han should not be considered as an Independent Non-Executive Director going forward, and Mr. Lock Wai Han shall be re-designated as an Non-Executive Director. |
| 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 Director and a Member of Nominating and Remuneration Committee |
| Professional qualifications | Bachelor and Master of Arts (Engineering) from the University of Cambridge, UK Master of Science (Management) from Leland Stanford Junior University, USA |
| 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 | See response to the above in relation to "The Board's comments on this appointment". |
| Conflict of interests (including any competing business) | See response to the above in relation to "The Board's comments on this appointment". |
| Working experience and occupation(s) during the past 10 years | 1 June 2025 to Present Employee of Aesen Pte. Ltd. 1 June 2025 to Present Consultant of Haiyi Holdings Pte. Ltd. 5 October 2016 to 30 April 2025 Executive Director and Chief Executive Officer of OKH Global Ltd 1 November 2013 to 31 December 2015 Executive Director and Group Chief Executive Officer of Rowsley Ltd |
| 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) | (1) Singapore Sports Schools Ltd (2) OKH Management Pte Ltd (3) OKH Transhub Pte Ltd (4) OKH Capital Pte Ltd (5) OKH Global Ltd (6) OKH (Woodlands) Pte Ltd (7) OKH Loyang Pte Ltd (8) OKH Holdings Pte Ltd (9) OKH Development Pte Ltd (10) OKH DLRE JV Pte Ltd (11) OKH Buroh Pte Ltd (12) ACS OBA Mgt Comm (13) ACS Board of Governors (14) ACS (Independent) BOM (15) ACS (International) BOM (16) ACS Foundation (17) Acrophyte Pte Ltd (previously known as Chip Eng Seng Corporation Ltd) (18) Singaz Global Pte. Ltd. (formerly known as Chronoz Investment Pte Ltd) (19) Woodlands Health Board Dev Comm (20) Olympic Council of Asia E-(17) Sports & E-Martial Arts Committee (21) Galaxia Development Pte Ltd (22) Equalbase Pte. Ltd. (formerly known as Pan Asia Logistics Investments Holdings Pte Ltd) (23) LHT Holdings Limited (24) OKH China Pte. Ltd. (25) OKH Spaze Pte. Ltd. (26) Foxx Media Pte. Ltd. (27) Chronox Investment Pte. Ltd. |
| Present | (1) Aesen Offshore Limited (formerly known as Miclyn Express Offshore Limited) (2) Aesen Pte. Ltd. (as an employee) (3) Haiyi Holdings Pte. Ltd. (4) The Hour Glass Limited (5) Media Literacy Council (6) Majuven Pte Ltd (7) Majuven Fund 1 Ltd (8) Majuven GP2 Ltd (9) Asian Mixed Martial Arts Association |
| (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 | Mr. Lock was the Independent Non-Executive Director of ESR Trust Management (Suntec) Limited Mr. Lock was the Executive Director and Chief Executive Officer of OKH Global Ltd Mr. Lock was the Lead Independent Director of LHT Holdings Limited |
