Change - Announcement of Appointment::Appointment of Mr Peng Fei as Executive Director of the Company

Issuer & Securities

Issuer/ Manager
GREAT GROUP HOLDINGS LIMITED
Securities
GREAT GROUP HOLDINGS LIMITED - SG1Y70948001 - I5H
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
19-Aug-2015 19:30:21
Status
New
Announcement Sub Title
Appointment of Mr Peng Fei as Executive Director of the Company
Announcement Reference
SG150819OTHR3GGK
Submitted By (Co./ Ind. Name)
Ong Wei Jin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Peng Fei as Executive Director of the Company

Additional Details

Date Of Appointment
19/08/2015
Name Of Person
Peng Fei
Age
46
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee and the Board note that the Mr Peng Fei is recommended to the Board by Mr Wang Xin, the new controlling shareholder of the Company, who has a deemed interest in 1,130,500,000 ordinary shares of the Company, representing 53.3% of the total enlarged issued share capital of the Company of 2,120,000,000 ordinary shares upon the completion of the Rights Issue. The Nominating Committee, having evaluated the qualifications and work experience of Mr Peng Fei, has recommended the appointment of Mr Peng Fei as an Executive Director of the Company. The Board of Directors has accepted the recommendations of the Nominating Committee and approved the appointment of Mr Peng Fei.
Whether appointment is executive, and if so, the area of responsibility
Yes. Mr Peng Fei reports to the Executive Chairman. The areas of responsibilities and duties of Mr Peng Fei is to execute the strategic directions set by the Executive Chairman, including management of the forex market, investment, fund raising, M&A, public relations, road shows, corporate governance and compliance and develop strategic partnership with financial institutions, fund managers and banks.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
1. Fuhua Holdings Limited - Executive President
2014 - present

2. Reignwood International Investment Ltd - President
2011 - 2013

3. CHINALCO Overseas Holdings Ltd - Vice President
2009 - 2011

4. Venturepharm - Vice President
2005 - 2008
Shareholding interest in the listed issuer and its subsidiaries?
No
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
The Company will arrange for Mr Peng Fei to attend relevant training to familiarise himself with the roles and responsibilities of a director of a public listed company, including seminars conducted by the Singapore Institute of Directors.