Change - Announcement of Appointment::Appointment of Group Chief Executive Officer

Issuer & Securities

Issuer/ Manager
LIONGOLD CORP LTD
Securities
LIONGOLD CORP LTD - BMG5521X1092 - A78
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
15-May-2020 20:46:35
Status
New
Announcement Sub Title
Appointment of Group Chief Executive Officer
Announcement Reference
SG200515OTHRIGQ4
Submitted By (Co./ Ind. Name)
Yao Liang
Designation
Executive Director
Effective Date and Time of the event
15/05/2020 00:00:00
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 contact person for the Sponsor is Mr Bernard Lui.
Tel: 6389 3000
Email: bernard.lui@morganlewis.com

Additional Details

Date Of Appointment
15/05/2020
Name Of Person
Yao Liang
Age
49
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
On 7 November 2019, Mr Yao Liang was appointed as Executive Director and Group Executive Chairman of the Company.

The Board considered Mr Yao's qualifications, experience and capabilities and is satisfied that Mr Yao has the requisite qualification and experience to assume the duties and responsibilities as Group Chief Executive Officer of the Company.

The Board is of the view that it is in the best interests of the Group to adopt a single leadership structure so as to ensure that the commercial discussions and management decision-making process of the Group would not be unnecessarily delayed.
Whether appointment is executive, and if so, the area of responsibility
The appointment is as Group Chief Executive Officer.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer
Professional qualifications
Postgraduate Diploma in Art and Literature Studies, Department of Journalism and Mass Communication awarded by Nanjing University, China
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
1. Mr Yao Liang is a 51% shareholder of Yaoo Capital Pte. Ltd., a 56.8% controlling shareholder of the Company, and Mr Yao Yilun, a Non-executive Non-Independent Director of the Company, is the other 49% shareholder; and

2. Mr Yao Liang s daughter, Ms Yao JiaJia, is a 1% shareholder in Sheng Investment Pte. Ltd., a 15.77% substantial shareholder of the Company.


Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
September 2009 till September 2013
As General Manager in Shanghai Fuwei Fund Management Pte Ltd

28 November 2014 till 20 May 2016
As Independent Non-executive Director in Mingyuan Medicare Development Company Limited, Listed on HKEX

October 2013 till 14 November 2019
As Board Supervisor in Beijing Shenyao Culture Investment Co Ltd

October 2013 till Present
As Chairman in Shanghai Mingzheng Real Estate Co. Ltd

January 2014 till Present
As Legal Representative/Director in Hainan Ruijing Industrial Technology Co. Ltd

12 July 2010 till Present
As Director in We Light Investment Pte Ltd

10 December 2018 till Present
As Director in Yaoo Capital Pte Ltd

2018 till Present
As Director in Beijing Luckey Technology Co. 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
Deemed interest in 18,008,044,936 ordinary shares, held through Yaoo Capital Pte. Ltd.
# 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)
Mingyuan Medicare Development Company Limited


Present
Shanghai Mingzheng Real Estate Co. Ltd
Hainan Ruijing Industrial Technology Co. Ltd
We Light Investment Pte. Ltd.
Yaoo Capital Pte Ltd
Beijing Luckey Technology Co. Ltd.
Shen Yao Investments Pte. Ltd.
Shen Yao (Singapore) Pte. Ltd.
Shen Yao International Holding Pty Ltd
Castlemaine Goldfields Pty Ltd
Balmaine Gold Pty Ltd
Ironbark Mining Pty Ltd

(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
On 7 November 2019, Mr Yao Liang was appointed as Executive Director and Group Executive Chairman of LionGold Corp Ltd. Mr Yao Liang was formerly an Independent Non-executive Director of Mingyuan Medicare Development Company Limited, listed on HKEX. Mr Yao Liang also attended Listed Entity Director Programme (Mandarin), organized by the Singapore Institute of Directors, which was held in Beijing, China from 22 May 2019 to 24 May 2019.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not Applicable