Thakral : Appointment of Chief Executive Officer - Appointment Details of Mr. Inderbethal Singh Thakral

Issuer/ Manager

THAKRAL CORPORATION LTD

Securities THAKRAL CORPORATION LTD - SG1AJ2000005 - AWI

Stapled Security No

Announcement Title

Change - Announcement of Appointment

Date & Time of Broadcast 28-Jan-2016 20:16:03

Status New

Announcement Sub Title Appointment of Chief Executive Officer

Announcement Reference SG160128OTHRX10G

Submitted By (Co./ Ind. Name) Anil Daryanani

Designation Chief Financial Officer

Description (Please provide a detailed description of the event in the box below)

Appointment of Mr. Inderbethal Singh Thakral as Chief Executive Officer of the Group.

Date Of Appointment

01/02/2016

Name Of Person Inderbethal Singh Thakral

Age 56

Country Of Principal Residence China

The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)

The appointment of Mr. Inderbethal Singh Thakral ("Mr. Bethal") as the Chief Executive Officer ("CEO") of the Group had been proposed by the Nomination Committee, with Mr. Kartar Singh Thakral ("Mr. Kartar") abstaining, to lead the Investment Division following the sudden demise of Mr. Jaginder Singh Pasricha, who held the position of Managing Director of the division. The Nomination Committee after reviewing Mr. Bethal's experience, involvement and familiarity in all aspects of the Group's businesses, had recommended to the Board his appointment as the Group's CEO. The Board of Directors, with Mr. Bethal and Mr. Kartar abstaining, has accepted the recommendation of the Nomination Committee and approved the appointment of Mr. Bethal as the Group's CEO.

Whether appointment is executive, and if so, the area of responsibility

Executive. Mr. Bethal will continue to be responsible for the Group's Lifestyle business as well as the Group's Investment Division. His additional responsibilities include heading the Investment Division, which will continue to concentrate on identifying new opportunities for real estate investments in Australia and Japan, and oversee the joint-venture recently formed to develop resort-style retirement villages for the elderly in Australia as well as build facilities that will provide residential, in-care community services for the elderly.

Job Title (e.g. Lead ID, AC Chairman, AC

Member etc.) Chief Executive Officer

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries

Son of Mr. Kartar Singh Thakral, Executive Director and Substantial Shareholder of the Company.

Conflict of interests (including any competing business)

Being a Thakral Family member, Mr. Bethal is deemed to be interested in all businesses of the Thakral Family Group of Companies of which some are in competing business with the Group's Lifestyle business. However, Mr. Bethal is not involved in the business operations of the Thakral Family Group of Companies. Where any conflict of interest may arise, Mr. Bethal shall abstain from all involvement of any such matters. Further, a general mandate is in place to govern the trading of consumer electronics and electrical products between the Company and the Thakral Family Group of Companies.

Working experience and occupation(s) during the past 10 years

December 2008 - Present

• Managing Director, Lifestyle Business of the Company

  
  

  October 2006 - November 2008

• Non-Executive Director of the Company

• Self employed under the Thakral Family Group of Companies

  
  

  Prior to October 2006

• Chief Executive Officer and Group Managing Director of the Company

Shareholding interest in the listed issuer

and its subsidiaries? Yes

Shareholding Details Deemed interest in 39,073,659 shares of the Company.

# 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 attachment.

Present Please refer to attachment.

1. 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 No

   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?

   
   

2. 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 No

   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?

   
   

3. Whether there is any unsatisfied

   judgment against him? No

   
   

4. 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 No the subject of any criminal proceedings (including any pending criminal proceedings

   of which he is aware) for such purpose?

   
   

5. 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, No or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?

   
   

6. Whether at any time during the last 10 No

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?

1. Whether he has ever been convicted in Singapore or elsewhere of any offence in

   connection with the formation or No

   management of any entity or business trust?

   
   

2. 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 No

   or indirectly in the management of any entity or business trust?

   
   

3. Whether he has ever been the subject of any order, judgment or ruling of any court,

   tribunal or governmental body, permanently No

   or temporarily enjoining him from engaging in any type of business practice or activity?

   
   

4. Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-

   
   

5. any corporation which has been investigated for a breach of any law or

   regulatory requirement governing No

   corporations in Singapore or elsewhere; or

   
   

6. any entity (not being a corporation)

   which has been investigated for a breach of No

   any law or regulatory requirement governing

   such entities in Singapore or elsewhere; or

7. any business trust which has been investigated for a breach of any law or No

   regulatory requirement governing business

   trusts in Singapore or elsewhere; or

   
   

8. 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 No

occurring or arising during that period when he was so concerned with the entity or business trust?




9. 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 No

Authority of Singapore or any other

regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?

Any prior experience as a director of a listed company? No




If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company




N.A.




Attachments

Directorships_IST_20160128Final.pdf Total size =8K




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Directorships of Mr. Inderbethal Singh Thakral




Past directorships for the last 5 years:




1. CAV-Thakral Home Entertainment Co. Ltd. (Suspended)

2. Shanghai Tetronics Co., Ltd

3. Thakral (Chengdu) Digital Technology Development Co., Ltd

4. Thakral Holdings Limited

5. Antigua Developments Pty Limited

6. Antigua Project Management Pty Limited

7. AOC Operations Pty. Ltd.

8. Australia on Collins Pty Limited

9. Frenfall Pty Limited

10. Goldsea Pty Limited

11. Kirribilli Venture Co Pty Limited

12. KVT Finance Pty Limited

13. Launceston International Hotel (Operations) Pty Ltd

14. Northbeach Wollongong Pty Ltd

15. Pacific Bay Development Pty Limited

16. Pacific Bay Investments Pty Limited

17. Pacific Bay Property Management Pty Limited

18. Pacific Century Hotels Pty Limited

19. Palm Cove Development Nominees Pty Limited

20. PCH Melbourne Pty Limited

21. Portfolio Property Holding Pty Ltd

22. Rainworth Pty Limited

23. Sovereign Funds Management Limited

24. Sovereign Property Fund Pty Ltd

25. Tarragindi Pty Limited

26. TCL Properties Pty Ltd

27. Thakral Asia Pty Limited

28. Thakral Brighton Hotel Pty Ltd

29. Thakral Brisbane Hotel Pty Ltd

30. Thakral Fidelty Pty Ltd

31. Thakral Finance Pty Ltd

32. Thakral Operations Pty Ltd

33. THL Cairns Pty Limited

34. THL Data Centre Pty Limited

35. THL Gold Coast Pty Limited

36. THL Developments No. 2 Pty Limited

37. THL Equities Pty Limited

38. THL Harbourview Pty Limited

39. THL Hotel Investments Pty Limited

40. THL Investments Pty Limited

41. THL Norwest Pty Limited

42. THL Palm Cove Development Pty Ltd

43. THL Robina Pty Ltd

44. THL Wynyard Centre Pty Limited

45. Wynyard Properties Pty Ltd




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