The Exchange has determined that the SGX-listed companies named below have breached the Listing Rules. Based on the Exchange’s assessment of the severity and extent of the breaches, the Exchange is not satisfied that the persons named below have demonstrated the qualities expected of directors and management of SGX-listed companies, as required under Listing Rules 210(5)(b) and 720. Listing Rule 210(5)(b) mentions the character and integrity of directors, management and controlling shareholders of the issuer, and Listing Rule 720 requires compliance on a continuing basis. SGX-listed companies should consult the Exchange before they appoint any of these persons as a director or member of their management.
Please refer to the attachments (in both English and Chinese languages) for more details.