Corporate Profile
Established in 1991, LHN Group is a real estate management services group with the distinguishing ability to generate value for our space owners and space users through our expertise in Space Optimisation. With Facilities Management Services and Logistics Management Services complementing our core Space Optimisationbusiness, our space users can look towards our wide range of business solutions to support the growth of their businesses.
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Change - Announcement Of Appointment Of Independent Non-Executive Director
Jan 24, 2025
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jan 24, 2025 22:27 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Non-Executive Director |
| Announcement Reference | SG250124OTHR2GIJ |
| Submitted By (Co./ Ind. Name) | Chong Eng Wee |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr. Lim Kian Thong as Independent Non-Executive Director of the Company. |
| Additional Details | |
| Date Of Appointment | 24/01/2025 |
| Name Of Person | Lim Kian Thong |
| Age | 62 |
| 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 of Directors of the Company has considered, among others, the recommendation of the Nominating Committee and has reviewed and considered the qualifications, work experience and suitability of Mr. Lim Kian Thong; in particular, in respect of his appointment as an Independent Non-executive Director, chairman of the Remuneration Committee and a member of both the Audit Committee and the Nominating Committee of the Company. The Board is satisfied that Mr. Lim Kian Thong is independent and possesses the requisite experience and capabilities to assume the responsibilities of an Independent Non-executive Director and the chairman of the Remuneration Committee of the Company. |
| 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, chairman of the RC and a member of both the AC and the NC of the Company. |
| Professional qualifications | Fellow Chartered Accountant of Singapore Fellow CPA Australia |
| 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 | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | Executive Director of Haitong International Securities Group (Singapore) Pte. Ltd. from March 2013 to July 2019. Executive Director of Haitong International Securities (Singapore) Pte. Ltd. from April 2013 to August 2019. Chief Executive Officer of Haitong International Securities (Singapore) Pte. Ltd. from April 2013 to August 2019. Non-Executive Director of Haitong Global Investment SPC from October 2013 to July 2019. Executive Director of Haitong International Asset Management (Singapore) Pte. Ltd. (formerly known as Haitong International Investment (Singapore) Pte Ltd) from August 2014 to May 2019. Non-Executive Director of Haitong Freedom Multi-Tranche Bond Fund from August 2015 to July 2019. Non-Executive Director of Haitong Freedom Multi-Tranche Master Bond Fund from August 2015 to July 2019. Non-Executive Director of Haitong Global Investment SPC II from September 2015 to July 2019 Non-Executive Director of Haitong International Financial Products (Singapore) Pte. Ltd. from November 2015 to July 2019. Non-Executive Director of Haitong Global Investment SPC III from May 2016 to July 2019. Non-Executive Director of Haitong International Financial Services (Singapore) Pte. Ltd. (formerly known as G. K. Goh Financial Services (S) Pte. Ltd.) from February 2017 to December 2018. Director of Haitong International Innovation Fund SPC from July 2017 to September 2019. Non-Executive Director of Harvest Global Technology Fund S.P. from September 2017 to January 2018. Director of Haitong International Investment Fund SPC from September 2017 to July 2019. Non-Executive Director of Haitong Global Investment SPC IV from December 2017 to July 2019. Director of Haitong Global Investment SPC V from January 2018 to July 2019. Director of Haitong Global Investment SPC VI from January 2019 to July 2019. Chief Executive Officer Financial Investments of Hua Hong Foundation Investment Group (Singapore) from September 2019 to January 2020. Executive Director and Chief Financial Officer of PureCircle Limited from February 2020 to June 2020. Non-executive and Independent Director of Capital World Limited from August 2020 to February 2022. Deputy Chief Operating Officer of iFAST Financial Pte. Ltd from October 2020 to January 2022. Non-executive and Independent Director of United Global Limited from May 2021 to February 2022. Non-executive and Independent Director of LHN Logistics Limited from March 2022 to November 2023. Director of Lim & Partners Advisory Services Pte. Ltd. from September 2020 to Present. Director of iFAST Securities US Corporation from May 2021 to Present. Director of Bondsupermart Pte. Ltd. from June 2021 to Present. Non-executive and independent director of Sitra Holdings (International) Limited from August 2021 to Present. Group Chief Financial Officer of iFAST Corporation Ltd. from February 2022 to Present. Non-executive and independent director of Aspen (Group) Holdings Limited from March 2024 to Present. Non-executive and independent director of Jiutian Chemical Group Limited from May 2024 to Present. |
| 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) | Executive Director of Haitong International Securities (Singapore) Pte. Ltd. from April 2013 to August 2019. Chief Executive Officer, Financial Investments of Hua Hong Foundation Investment Group (Singapore) from September 2019 to January 2020. Executive Director and Chief Financial Officer of PureCircle Limited from February 2020 to June 2020. Non-executive and Independent Director of Capital World Limited from August 2020 to February 2022. Deputy Chief Operating Officer of iFAST Financial Pte. Ltd from October 2020 to January 2022. Non-executive and Independent Director of United Global Limited from May 2021 to February 2022. Non-executive and Independent Director of LHN Logistics Limited from March 2022 to November 2023. |
| Present | Director of Lim & Partners Advisory Services Pte. Ltd. from September 2020 to Present. Director of iFAST Securities US Corporation from May 2021 to Present. Director of Bondsupermart Pte. Ltd. from June 2021 to Present. Non-executive and independent director of Sitra Holdings (International) Limited from August 2021 to Present. Group Chief Financial Officer of iFAST Corporation Ltd. from February 2022 to Present. Non-executive and independent director of Aspen (Group) Holdings Limited from March 2024 to Present. Non-executive and independent director of Jiutian Chemical Group Limited from May 2024 to Present. |
| (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. Jimmy Lim is currently the Group Chief Financial Officer at SGX-ST listed iFAST Corporation Ltd. (Singapore Stock Code: AIY) and a non-executive and independent director of SGX-ST listed Jiutian Chemical Group Limited (Singapore Stock Code: C8R), Aspen (Group) Holdings Limited (Singapore Stock Code: 1F3) and Sitra Holdings (International) Limited (Singapore Stock Code: 5LE). |