News
Change - Announcement Of Appointment :: Appointment Of Deputy Chairman And Executive Director
BackApr 29, 2022
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Apr 29, 2022 12:13 |
| Status | New |
| Announcement Sub Title | Appointment of Deputy Chairman and Executive Director |
| Announcement Reference | SG220429OTHR22YT |
| Submitted By (Co./ Ind. Name) | Ho Kok Weng |
| Designation | Chief Financial Officer and Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Deputy Chairman and Executive Director |
| Additional Details | |
| Date Of Appointment | 29/04/2022 |
| Name Of Person | Guo Wenjun |
| Age | 26 |
| Country Of Principal Residence | China |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board has accepted the recommendation of the Nominating Committee to appoint Mr Guo as the Deputy Chairman and an Executive Director of the Company. Mr Guo's experience in fund management and financial analysis is valuable to the Board. |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is executive. Mr Guo will be responsible for managing and overseeing the overall business strategy and development of the Group. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Deputy Chairman and Executive Director |
| Professional qualifications | Mr Guo graduated from New York University with major in Architecture and Urban Design. |
| 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 | Mr Guo is a son of Mr Guo Yinghui, the controlling shareholder of the Company. |
| Conflict of interests (including any competing business) | Nil. |
| Working experience and occupation(s) during the past 10 years | Mr Guo, the investment director of Beijing Central Reserve Investment Ltd since 2020, oversees the management and research of investments. |
| 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 | 212,225,000 Deemed Shareholding Interest. Mr Guo Wenjun is the son of Mr Guo Yinghui and Mdm. Feng Li and is deemed to be interested in: (a) the 17,985,000 shares held by Mr Guo Yinghui; (b) the 14,560,000 shares registered in the name of KGI Fraser Securities Pte Ltd held for Mdm. Feng Li; and (c) the 179,680,000 shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus International Limited (held for itself and as nominee of Profit Run Developments Limited). Mr Guo Yinghui wholly owns China Focus International Limited. |
| # 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) | Nil. |
| Present | Nil. |
| (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 Guo will be attending the relevant Director training in due course. |