Parkson Retail Asia appoints Ng Tiak Soon as independent director

He previously worked as senior advisor at Ernst & Young.

In late 2003 or 2004, Mr Ng assisted in investigation conducted by the Commercial Affairs Department in relation to the affairs of a company incorporated in Singapore. Mr Ng was interviewed by the CAD in the capacity as an audit partner of Messrs. Ernst & Young, which had provided audit and other services to the Company under investigation. He was not the subject of investigations and was not involved in the management of the aforesaid Company at any time whatsoever.

Mr Ng was a director of Kengly Offset Printing Pte Ltd, a company incorporated in Singapore sometimes in 1970. Kengly was a dormant company when he joined as a director on 25 March 1980. Sometime in late 1981 early 1982, or thereabouts, summons were issued by the Registry of Companies (now known as Accounting and Corporate Regulatory Authority of Singapore) against the directors for failure to hold its annual general meeting and file its annual return within its requisite period. The matter was resolved upon payment of a penalty of about $200. Subsequently, Mr Ng resigned as a director of Kengly on 30 April 1982.