| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Mar 30, 2017 19:54 |
| Status | New |
| Announcement Sub Title | Appointment of Mr Zhu Xiaolin as Executive Director and Group President |
| Announcement Reference | SG170330OTHRIXXZ |
| Submitted By (Co./ Ind. Name) | Tan Swee Gek |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST 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 details of the contact person for the Sponsor is: Name: Mr. Nathaniel C.V. (Registered Professional, RHT Capital Pte. Ltd.) Address: Six Battery Road, #10-01, Singapore 049909 Tel: 6381 6757 |
| Additional Details | |
| Date Of Appointment | 30/03/2017 |
| Name Of Person | Zhu Xiaolin |
| Age | 46 |
| Country Of Principal Residence | China |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr Zhu Xiaolin is currently the chief executive officer and director of Uni Global Power Pte. Ltd. and chairman and director of Golden Land Real Estate Development Co. Ltd.. Mr Zhu graduated with a degree in economics from the Southwest University of Finance and Economics in Chengdu City, Sichuan Province, PRC, and is also a certified public accountant. He has worked in and held senior positions in various Fortune 500 companies, including Motorola Inc., Siemens AG, Sichuan New Hope Group Co., Ltd. and its subsidiaries, and Sichuan Chuanwei Group Co., Ltd. and its subsidiaries. Mr Zhu has led many companies which are listed on the Hong Kong Stock Exchange, most significantly, China Vanadium Titano-Magnetite Mining Company Limited, PRC's first iron ore company listed on the Hong Kong Stock Exchange. In March 2010, Mr Zhu set up China Polymetallic Mining Co., Ltd., and led the company through its successful listing on the Hong Kong Stock Exchange in December 2011. In light of Mr Zhu's qualifications, working experience and ability to contribute to the Company and on the recommendation of the Company's Nominating and Corporate Governance Committee, the Board has approved Mr Zhu's appointment as Executive Director and Group President of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and Group President |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | 2012 - present: CEO, Uni Global Power Pte. Ltd. (real estate); 2010 - 2012: CEO, China Polymetallic Mining Limited (mining); 2004 - 2010: CIO, Sichuan Chuanwei Group (real estate, steel, cement and mining); 2002 - 2004: CFO, New Hope Group (real estate, feed, chemical and banking) |
| 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 | 85,469,600 ordinary shares in the capital of the Company |
| # 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) | China Polymetallic Mining Limited |
| Present | Grow Brilliant Limited Asiabiz Services Limited Uni Global Power Limited Uni Global Power Pte. Ltd. Uni Global Power Investment Pte. Ltd. DAS Pte. Ltd. Golden Land Real Estate Development Company Limited |
| (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? | Yes |
| If Yes, Please provide details of prior experience | Executive Director of China Polymetallic Mining Limited (02133.HK) Non-executive Director of China Vanadium Titano-Magnetite Mining Limited (00893.HK) Though Mr Zhu Xiaolin has been a director of listed companies in Hong Kong, the Company will continue to arrange for Mr Zhu to attend training courses to familiarise himself with the roles and responsibilities of a director of a Singapore listed company. |