Change - Announcement of Appointment::ANNOUNCEMENT OF APPOINTMENT OF ACTING CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
HENGYANG PETROCHEMICAL LOGISTICS LIMITED
Securities
HENGYANG PETROCHEM LOG LIMITED - SG1Y78948920 - 5PD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Apr-2016 18:47:53
Status
New
Announcement Sub Title
ANNOUNCEMENT OF APPOINTMENT OF ACTING CHIEF FINANCIAL OFFICER
Announcement Reference
SG160425OTHR6FQ2
Submitted By (Co./ Ind. Name)
Gu Wen Long
Designation
Executive Chairman and Chief Executive Officer
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 sponsor of the Company, CIMB Bank Berhad, Singapore Branch ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume 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 persons for the Sponsor are Mr Yee Chia Hsing, Head, Catalist and Mr Ken Lee, Associate Director, Investment Banking. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone: +65 6337 5115.

Additional Details

Date Of Appointment
25/04/2016
Name Of Person
Zi Songtao
Age
44
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, having assessed the track record, experience and capabilities of Mr Zi, is of the opinion that he has the requisite experience and capability to assume the responsibilities of the Acting Chief Financial Officer of the Company. Taking into consideration that Mr Zi will be taking relevant courses to familiarise himself with the applicable rules in relation to companies listed on the SGX-ST, the Board accordingly accepted the recommendation of the Audit Committee and the Nomination Committee for appointment of Mr Zi as the Acting Chief Financial Officer of the Group.
Whether appointment is executive, and if so, the area of responsibility
Yes. In charge of the financial and treasury affairs of the Group and investors relations.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Acting Chief Financial Officer
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
January 2014 to present, Hengyang Holding Pte. Ltd., a 65% owned subsidiary of Hengyang Petrochemical Logistics Limited (the listed issuer), Vice CFO;

October 2011 to November 2013, GSS Shanghai Co., Ltd., Vice President;

November 2010 to September 2011, Norlong (Wuxi) Foundry Products Co. Ltd., Finance Director;

April 2006 to October 2010, Boart Longyear Drilling Products (Wuxi) Co., Ltd., Financial Controller.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Zi is a limited partner, holding 4.21% of the capital contributed into Wuxi Jinfan Investment Management Limited Partnership, which in turn holds 10.56% of Jiangyin Golden Bridge Transportation Co., Ltd., a subsidiary of Hengyang Petrochemical Logistics Limited (the listed issuer).
Other Directorships
# 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)
No
Present
No
(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
Disclosure applicable to the appointment of Director only.
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.