Change - Announcement of Appointment::RE-DESIGNATION OF NON-EXECUTIVE & NON-INDEPENDENT DIRECTOR TO EXECUTIVE DIRECTOR & CEO

Issuer & Securities

Issuer/ Manager
INTERNATIONAL CEMENT GROUP LTD.
Securities
INTERNATIONAL CEMENT GROUPLTD. - SGXE38602509 - KUO
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Aug-2022 17:50:27
Status
New
Announcement Sub Title
RE-DESIGNATION OF NON-EXECUTIVE & NON-INDEPENDENT DIRECTOR TO EXECUTIVE DIRECTOR & CEO
Announcement Reference
SG220801OTHRVS48
Submitted By (Co./ Ind. Name)
Ma Zhaoyang
Designation
Chairman and Executive Director
Description (Please provide a detailed description of the event in the box below)
Please refer to the Company's announcement dated 29 July 2022 on the Re-designation of Non-Independent and Non-Executive Director to Executive Director and Chief Executive Officer.

Additional Details

Date Of Appointment
01/08/2022
Name Of Person
Zhang Zengtao
Age
39
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mr Zhang Zengtao ("Mr Zhang") has been appointed as Non-Independent and Non-Executive Director of the Company since 5 November 2015. Prior to that, he was the Managing Director and Chief Executive Officer ("CEO") of Compact Metal Industries Ltd ("CMIL").

Pursuant to a restructuring exercise by way of a scheme of arrangement under Section 210 of the Companies Act 1967, all the shares and listing status of CMIL were transferred to the Company and CMIL was delisted from the Singapore Securities Exchange Trading Limited on 8 March 2019.

The Nominating Committee ("NC") had proposed that Mr Zhang be reinstated as Executive Director and CEO of the Company to oversee the daily business operations and lead the Company to the next phase of growth.

The Board, having considered the recommendation of the NC and reviewed the background, experience and skillset of Mr Zhang, as well as the current Board composition, has approved the re-designation of Mr Zhang as Executive Director and CEO.
Whether appointment is executive, and if so, the area of responsibility
Executive. Area of responsibility is that of the CEO of the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Professional qualifications
Master of Business Adminstration from Xi'an Jiaotong University
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Non-Independent Non-Executive Director of International Cement Group Ltd.
- March 2019 to 31 July 2022

Chief Executive Officer, Compact Metal Industries Ltd.
- January 2019 to March 2019

Managing Director, Compact Metal Industries Ltd.
- November 2014 to December 2018

General Manager, Yaobai Special Cement Co., Ltd.
- 2010 to 2014
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
Direct Interest: 217,500,000 ordinary shares in International Cement Group Ltd.
Indirect interest: 3,150,000,000 ordinary shares in International Cement Group 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)
1. AEL Enviro (Asia) Pte. Ltd. (liquidated in 2022)
2. International Cement Holdings Pte. Ltd. ("ICH")
3. International Cement Investment Pte. Ltd. (amalgamated with ICH)
4. International Cement Kazakhstan Pte. Ltd.
Present
1. Victory Gate Ventures Limited
2. Compact Metal Industries Pte. Ltd.
3. International Manufacturing Company Chzhungtsai Mohir Cement LLC
(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
Director of the Company since 05 November 2015