Announcements
Change - Announcement Of Appointment Of Acting Chief Executive Officer
Aug 15, 2018
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Aug 15, 2018 17:30 |
| Status | New |
| Announcement Sub Title | APPOINTMENT OF ACTING CHIEF EXECUTIVE OFFICER |
| Announcement Reference | SG180815OTHR2VNU |
| Submitted By (Co./ Ind. Name) | Song Xingyi |
| Designation | Non-Executive, Non-Independent Chairman |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Acting Chief Executive Officer. This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (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 Ms. Alicia Sun (Telephone No.: +65-6532 3829) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Date Of Appointment | 15/08/2018 |
| Name Of Person | Qian Zimin |
| Age | 57 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr Qian Zimin ("Mr Qian") has been working for the Company since 30 May 2017, and is currently managing projects undertaken by the Group. The Board has considered the recommendation of the Nominating Committee and is of the view that Mr Qian has the requisite qualifications, capabilities and experience to assume the role of the Acting Chief Executive Officer |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Mr Qian will be providing strategic direction and formulating business and corporate policies and strategies for the continual growth of the Group |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Acting Chief Executive Officer |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Mr Qian is the cousin of Mr Qian Zhongcheng, who is a deemed controlling shareholder of the Company. |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | 1 Feb 2018 to present -Country Manager of Yinda Infocomm Ltd 1 Oct 2017 to present -Project Director of Yinda Infocomm Ltd 30 May 2017 to 30 Sept 2017-CEO of Yinda Infocomm Ltd 2016 to 10 August 2018 -Managing Director of Yinda Pte Ltd. 2008 to 2017 -CEO of Nanyangpost.com LLP |
| 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? | No |
| # 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) | Nanyangpost.com LLP Yinda Sdn. Bhd. (subsidiary of Yinda Pte Ltd) Yinda Pte. Ltd. Yinda Technology Myanmar Co., Ltd (subsidiary of Yinda Pte Ltd) |
| Present | Yinda Technology Singapore Pte. Ltd. Yinda Technology Malaysia Sdn. Bhd. Yinda Technology (Thailand) Co., Ltd Yinda Technology Philippines, Inc (To be struck off) Yinda KH Technology Co., Ltd (To be struck off) |
| (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 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 |