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| Announcement Title | Change - Announcement of Appointment |
| Announcement Subtitle | ANNOUNCEMENT OF APPOINTMENT OF CHIEF EXECUTIVE OFFICER OF STAMFORD LAND CORPORATION LTD |
| Securities | STAMFORD LAND CORPORATION LTD (STAMFORD) |
| Date & Time of Broadcast | May 19, 2015 17:34 |
| Submitted By | Teo Lay Eng Company Secretary |
| Effective Date and Time | May 19, 2015 17:30 |
| Description | Kindly refer to the attached press release. |
| Appointment Details | |
| Date of appointment | May 19, 2015 |
| Name of person | OW YEW HENG |
| Age | 35 |
| Country of principal residence | Singapore |
| The Board's comments on this appointment | As part of succession planning, Mr Ow Yew Heng has been appointed Chief Executive Officer ("CEO") of Stamford Land Corporation Ltd. The appointment marks the culmination of a year of intensive selection, performance evaluation and Board deliberation. Upon recommendation by the Nominating Committee, the Board reviewed and considered Mr Ow Yew Heng's track record and contributions and concluded that he is suitable to assume the position of CEO. |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is executive in nature. Mr Ow Yew Heng will be responsible for and drive the business of Stamford Land Corporation Ltd as its CEO. |
| Job title | Chief Executive Officer, Stamford Land Corporation Ltd |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Mr Ow Yew Heng is: (i) Son of Mr Ow Chio Kiat, the Chairman and Substantial Shareholder of Stamford Land Corporation Ltd; and (ii) Nephew of Mr Ow Cheo Guan, the Deputy Executive Chairman of Stamford Land Corporation Ltd. |
| Conflict of interests (including any competing business) | NIL |
| Working experience and occupation(s) during the past 10 years | Dec 2001-May 2002 Account Executive, DVG Whartons Advertising, Singapore Oct 2008-Dec 2009 Analyst, Private Wealth Management - Deutsche Bank AG, Singapore Jan 2010-Jul 2010 ACOO for Cougar Logistics Corporation Ltd. (note: relinquished appointment as ACOO/was appointed Non-Executive Director of Cougar Logistics Corporation Ltd. wef 29 Jul 2010) Jan 2010-Present Assistant to Chief Operating Officer ("ACOO") for Stamford Land Corporation Ltd and Singapore Shipping Corporation Limited Aug 2010-Present Executive Director of Singapore Shipping Corporation Limited Aug 2010-Present Executive Director of Stamford Land Corporation Ltd |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | 10,000,000 ordinary shares |
| Other Directorships | |
| Note: 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) | NIL |
| Present | SVC PTE LTD MARITIME PROPERTIES PTE LTD TERRA VISTA PTE. LTD. C.K. OW HOLDINGS PTE. LTD. RAINBOW AVIATION PTE. LTD. HAI SUN HUP GROUP PTE LTD RAINBOW AVIATION LIMITED LUSCOMBE INTERNATIONAL LIMITED RK AVIATION LTD SIR STAMFORD HOTEL (AUSTRALIA) PTY LTD SINGAPORE SHIPPING CORPORATION LTD |
| Information Required Persuant To Listing Rule 704(7)(H) | |
| (a) Whether at any time during the past 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 any 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 with 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 persuant to Listing Rule 704(7)(I) | |
| Note: Disclosure applicable to the appointment of Director only | |
| Any prior experience as a director of a listed company? | Yes |
| If yes, please provide full details | STAMFORD LAND CORPORATION LTD (wef Aug 2010) SINGAPORE SHIPPING CORPORATION LIMITED (wef Aug 2010) COUGAR LOGISTICS CORPORATION LTD (wef Jul 2010) |
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