CARRIERNET GBL : Announcement Of Appointment Of Non-Executive Chairman And Independent Director Who Is The Audit Committee Chairman

Announcement Of Appointment Of Non-Executive Chairman And Independent Director Who Is The Audit Committee Chairman

Appointment Details
Date of Appointment	26/07/2011
Name	Tan Chung Yaw, Richard
Age	47
Country of principal residence	Indonesia
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)	The Company had entered into a subscription agreement dated 26 May 2011 (the "SA") with Tres Maria Capital Ltd (the "Subscriber"). Under the SA, the Subscriber would be allowed to appoint majority of the Directors onto the Board of CarrierNet Global Ltd ("CNG"). The Subscriber has nominated Mr. Richard Tan as its representative Director to be appointed as an independent Non-Executive Director of CNG. Having reviewed the resume and background of Mr. Richard Tan, the Board of Directors, with the recommendation of the Nominating Committee, is of the view that Mr. Richard Tan is suitable for appointment as Independent Director of the Company subject to attending the appropriate training in the roles and responsibilities of a director of a listed company in due course.
Whether appointment is executive, and if so, area of responsibility	Independent Non-Executive Director
Job Title	Non-Executive Chairman, Independent Director, Member of Nominating Committee and Chairman of Audit Committee and Remuneration Committee
Working experience and occupation(s) during the past 10 years	Jan 2001 to Dec 2007 - Vice President of wholesale of Singtel Jan 2008 to Aug 2008 - Director of Commerce of PT. Telkomsel Oct 2008 to present - Deputy CEO of PT. Smartfren Aug 2008 to present - Independent Board Member of mig33 Inc.
Shareholding in the listed issuer and its subsidiaries	Nil
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries	Nil
Conflict of interest	Nil
Other Directorship
Past (for the last five years)	Bridge Mobile Pte. Ltd. (Alternate Director)
Present	mig33 Inc.
Information required pursuant to Listing Rule 704(7)(h)
a.	Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner?	No
b.	Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency?	No
c.	Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach?	No
f.	Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation?	No
h.	Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation?	No
i.	Whether he has ever been the subject of any order, judgement 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,	No
	in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
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
Information required pursuant to Listing Rule 704(7)(i)
	Any prior experience as a director of a listed company?	No
	If yes, please provide details of prior experience.	Mr. Richard Tan will undertake appropriate training in the roles and responsiblities of a director of a listed company in due course.
Other Notes
Footnotes	This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the Exchange. The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Yap Wai Ming Tel: [phone] Email: [e-mail]