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Change - Announcement Of Appointment Of Executive Chairman

返回07/04/2020
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Apr 7, 2020 17:49
Status New
Announcement Sub Title Appointment of Executive Chairman
Announcement Reference SG200407OTHRPIV0
Submitted By (Co./ Ind. Name) Ren Letian
Designation Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Appointment of Mr Ren Letian as Executive Chairman
Additional Details
Date Of Appointment 30/04/2020
Name Of Person Ren Letian
Age 38
Country Of Principal Residence China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) The Board of Directors of the Company has reviewed and considered the qualifications and experience of Mr Ren Letian and upon the recommendation of the Nominating Committee, has approved the appointment of Mr Ren Letian as Executive Director and Chairman of the Company. Mr Ren Letian shall remain his current position as Chief Executive Officer upon his appointment as Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility Executive.

He now helms the Group's overall shipbuilding operations, and oversees various business functions that are integral to the successful delivery of quality vessels.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Chairman and Chief Executive Officer
Professional qualifications Mr Ren Letian holds a Master's Degree from London Southbank University.
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 Ren Letian is the son of Mr Ren Yuanlin, the Executive Chairman of the Group who is retiring at the forthcoming annual general meeting.
Conflict of interests (including any competing business) None
Working experience and occupation(s) during the past 10 years Chief Executive Officer of Yangzijiang Shipbuilding (Holdings) Ltd.
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 Direct interest: NIL
Deemed interest: 165,797,370 ordinary shares in the share capital of Yangzijiang Shipbuilding (Holdings) Ltd. through Hengyuan Asset Investment Limited (163,697,370 ordinary shares) and Vela Wealth Limited (2,100,000 ordinary shares)
# 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) None
Present Yangzijiang Shipbuilding (Holdings) Ltd. - Chief Executive Officer
Yangzijiang Shipping Pte. Ltd. - Director
Draco Shipping Pte. Ltd. - Director
Pegasus Shipping Pte. Ltd. - Director
(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? Yes
If Yes, Please provide details of prior experience Alternate Director to Mr Ren Yuanlin