Change - Announcement of Appointment::Appointment of Independent Director - Mr Yeo Teck Chuan

Issuer & Securities

Issuer/ Manager
CHINA SHENSHAN ORCHARD HOLDINGS CO. LTD.
Securities
CHINA SHENSHAN ORCHARD HLDGS - BMG2860H2096 - BKV
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Dec-2021 17:59:06
Status
New
Announcement Sub Title
Appointment of Independent Director - Mr Yeo Teck Chuan
Announcement Reference
SG211201OTHRWGX5
Submitted By (Co./ Ind. Name)
Hu Chao
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Yeo Teck Chuan as Independent Director of the Company and a member of the Audit Committee ("AC"), and Chairman of the Nominating Committee ("NC") and the Remuneration Committee ("RC").

Additional Details

Date Of Appointment
02/12/2021
Name Of Person
Yeo Teck Chuan
Age
53
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board, having considered the recommendation from the NC and having reviewed and considered the qualifications, working experience, expertise, suitability and independence of Mr Yeo Teck Chuan ("Mr Yeo"), is of the view that Mr Yeo has the requisite experience, knowledge and capabilities to assume the role and responsibilities as an Independent Director of the Company.

Accordingly, the Board approved the appointment of Mr Yeo as Independent Director of the Company. Mr Yeo will also be appointed as a member of the AC, and Chairman of the NC and the RC.

The Board considers Mr Yeo to be independent for the purposes of Rule 704(8) of the Singapore Exchange Securities Trading Limited Listing Manual ("Listing Manual").
Whether appointment is executive, and if so, the area of responsibility
The appointment is independent non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, a member of the AC, and Chairman of the NC and the RC.
Professional qualifications
(1) Chartered Accountant of Singapore (Institute of Singapore Chartered Accountants);
(2) Certified Internal Auditor;
(3) ASEAN Chartered Professional Accountant; and
(4) Bachelor of Accountancy Second Class Honours (Upper Division) from Nanyang Technological 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
July 2018 to present:
SBA Stone Forest Corporate Advisory (Shanghai) Co., Ltd. - Partner, Advisory

August 2015 to present:
Nanchang Yeo Seng Heng Financial Advisory Co., Ltd. - Legal Representative

October 2017 to July 2018:
Beijing Quan Rui Certified Public Accountants LLP - Managing Director

December 2016 to August 2019:
Laos Rui Hua CPA Co., Ltd. - Managing Director

May 2015 to October 2017:
Rui Hua Certified Public Accountants LLP (Shanghai Branch) - Partner, Audit

July 2007 to May 2015:
Deloitte Hua Yong Certified Public Accountants LLP - Partner, Audit
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?
No
# 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 Commercial Credit Inc
Present
Legion Consortium Limited
Republic Healthcare 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 an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Although Mr Yeo does not have any prior experience as a Director of an issuer listed on the Exchange ("Director of SGX-ST Listco"), the NC has considered and is of the view that he possesses the experience comparable to a Director of SGX-ST Listco based on his experience as an Independent Non-Executive Director and Chairman of the Audit Committee of the following listed companies:

- Legion Consortium Limited (a company listed on the Hong Kong Stock Exchange, stock code: 2129) since December 2020;
- Republic Healthcare Limited (a company listed on the Hong Kong Stock Exchange, stock code: 8357) since August 2021; and
- China Commercial Credit Inc (a company listed on the Nasdaq Capital Market (NASDAQ CM: GLG)) from September 2016 to May 2019.

Notwithstanding that Mr Yeo possesses the experience comparable to a Director of SGX-ST Listco as mentioned above, Mr Yeo has been briefed on the roles and responsibilities of a Director of a listed issuer in Singapore and has undertaken to attend the prescribed mandatory training as specified under Schedule 1 of Practice Note 2.3 of the Listing Manual within one year from the date of his appointment to the Board.
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)
N.A.