Change - Announcement of Appointment::APPOINTMENT OF CHIEF FINANCIAL OFFICER - MR. YIP CHUN ON

Issuer & Securities

Issuer/ Manager
SINOCLOUD GROUP LIMITED
Securities
SINOCLOUD GROUP LIMITED - BMG8191N1048 - 5EK
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Nov-2021 17:04:23
Status
New
Announcement Sub Title
APPOINTMENT OF CHIEF FINANCIAL OFFICER - MR. YIP CHUN ON
Announcement Reference
SG211101OTHR377H
Submitted By (Co./ Ind. Name)
Chan Andrew Wai Men
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Financial Officer - Mr. Yip Chun On

This announcement has been prepared by SinoCloud Group Limited (the "Company") and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by 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 Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telphone (65) 6636 4201.

Additional Details

Date Of Appointment
02/11/2021
Name Of Person
Yip Chun On
Age
46
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee ("NC") and the Audit Committee ("AC") of the Company have assessed the appointment of Mr. Yip Chun On ("Mr. Yip) as the Chief Financial Officer ("CFO") of the Company. During the nomination process, the NC and the AC have taken into account Mr. Yip's professional and academic qualifications, working experience, as well as his performance as the Finance Manager of the Company since August 2021. The board of directors of the Company, with the recommendation from the NC and the AC, is satisfied that Mr. Yip has the requisite experience and capabilities to assume the responsibilities of the CFO, and has approved the appointment of Mr. Yip as the CFO.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr. Yip will be responsible for the overall financial management of the Company and the Group including accounting, treasury, risk management and governance framework.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Professional qualifications
Member of The Association of Chartered Certified Accountants (ACCA)
Member of The Hong Kong Institute of Certified Public Accountants (HKICPA)
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
SinoCloud Group Limited
August 2021 to present:
- Finance Manager

AdviseOnAir
April 2016 to present:
- Managing Director

Fountain Set (Holdings) Limited (Stock code: 420.HK)
June 2010 to October 2015:
- Assistant Financial Controller
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)
OTHER COMMITMENTS:

PART-TIME LECTURER

School of Continuing and Professional Education, City University of Hong Kong

October 2008 to August 2019
Present
DIRECTORSHIP:

China Nature Energy Technology Holdings Limited (Stock code: 1597.HK)

September 2020 to present:
- Independent non-executive director
- Chairman of Audit Committee
- Member of Remuneration Committee and Nomination Committee

Superland Group Holdings Limited (Stock code: 368.HK)

June 2020 to present:
- Independent non-executive director
- Chairman of Audit Committee
- Member of Remuneration Committee and Nomination Committee

OTHER COMMITMENTS:

WORKSHOP FACILITATOR, EXAMINATION MARKER AND EXAMINATION SCRIPT REVIEWER

The Hong Kong Institute of Certified Public Accountants

June 2005 to present
(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
N.A.
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.