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|Announcement Title||Change - Announcement of Appointment|
|Date & Time of Broadcast||Nov 2, 2022 18:14|
|Announcement Sub Title||Appointment of Non-Independent Non-Executive Director|
|Submitted By (Co./ Ind. Name)||Chester Leong|
|Description (Please provide a detailed description of the event in the box below)||Appointment of Non-Independent Non-Executive Director|
|Date Of Appointment||03/11/2022|
|Name Of Person||Mr Quah Kung Yang|
|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 Quah is a candidate nominated by Singapore Telecommunications Limited (Singtel), a substantial unitholder of NetLink NBN Trust.
The Nominating Committee ("NC") of NetLink NBN Management Pte. Ltd. (as Trustee-Manager of NetLink NBN Trust) has reviewed the credentials and experience of Mr Quah (as set out below) as well as his relationship with Singtel and has recommended his appointment as Non-Independent Non-Executive Director and as a member of the Risk and Regulatory Committee.
The Board of Directors of the Trustee-Manager, having considered the NC's recommendation and Mr Quah's credentials and experience, has approved his appointment as Non-Independent Non-Executive Director of the Trustee-Manager and a member of the Risk and Regulatory Committee.
|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-Independent Non-Executive Director
Member of the Risk and Regulatory Committee
|Professional qualifications||- 2nd Class Honours (Upper Division) in Bachelor of Accountancy from the University of Kent at Canterbury, UK
- Fellow of the Institute of Chartered Accountants in England & Wales
- Member of the Institute of Singapore Chartered Accountants
|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||Group Financial Controller of Singtel which is a substantial unitholder of NetLink NBN Trust.|
|Conflict of interests (including any competing business)||None|
|Working experience and occupation(s) during the past 10 years||Mr Quah is currently Group Financial Controller of Singtel. He assumed this role on 1 September 2021, overseeing the business reporting of the Singtel Group and the business management of the regional mobile joint ventures.
He has responsibilities for business enablement initiatives that drive performance across the Singtel Group such as process improvements, capital expenditure efficiency, project monitoring and other internal controls. He is also the business partner for the Group Corporate functions, providing commercial support to the various Singtel Group functions such as IT, HR, Procurement, Legal and Property.
Prior to this, Mr Quah was the CFO of Optus, Singtel Group's subsidiary in Australia, overseeing corporate finance, management reporting, procurement, taxation, legal, credit management and investor relations activities for Optus, particularly the Australia Consumer business.
With close to 30 years' experience at Singtel, Mr Quah was previously the CFO of Singtel's Group Enterprise business unit, helping to shape overall strategy and provide effective financial stewardship of the various B2B businesses in the Asia Pacific, Americas and EMEA.
Mr Quah was appointed to Singtel's Top Executive team in 2007 and has held various roles within the Group in the areas of Corporate Finance, Tax and International Operations. He was a key member in the NetLink NBN Trust IPO, and in the financial due diligence review for the acquisition of cyber security subsidiary Trustwave. He was previously the Vice President (Business Management) in the Singtel International Group, where he oversaw new investment opportunities as well as managing Singtel s joint ventures and associates in Asia and EMEA. Prior to that, he was the CFO of C2C, a Singtel joint venture, providing city-to-city connectivity on a wholesale basis to telecommunication service providers.
|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||200,000 units in NetLink NBN Trust|
|# 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 refer to Annexure A.|
|Present||Please refer to Annexure B.|
|(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||Mr Quah will be attending training on the roles and responsibilities of a listed issuer as prescribed by the Exchange.|
|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)||Not applicable|