Change - Announcement of Appointment::Appointment of Liu Haifeng David as Non-Executive Director

Issuer & Securities

Issuer/ Manager
SUNPOWER GROUP LTD.
Securities
SUNPOWER GROUP LTD. - BMG8585U1027 - 5GD
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
10-Nov-2017 20:02:15
Status
New
Announcement Sub Title
Appointment of Liu Haifeng David as Non-Executive Director
Announcement Reference
SG171110OTHRGM4G
Submitted By (Co./ Ind. Name)
Ma Ming
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Liu Haifeng David as Non-Executive Director

Additional Details

Date Of Appointment
10/11/2017
Name Of Person
Liu Haifeng David
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, after considering Mr Liu Haifeng's working experience and in light of the Company's contractual obligations under the Purchase Agreement dated 14 December 2016, has recommended to the Board of Directors (the "Board") the appointment of Mr Liu Haifeng as a non-executive and non-independent Director of the Company. The Board has approved the appointment.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director, Member of Nominating Committee and Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
1 January 2006 - 31 December 2016 - Partner of Kohlberg Kravis Roberts & Co (KKR), Co-head of KKR Asia Private Equity and Chief Executive Officer of KKR Greater China

1 January 2017 - Present, Chairman of DCP Investments
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)
4 October 2011 to 24 April 2015 and 27 April 2016 to 16 November 2016, Non-Executive Director of Citic Envirotech Ltd. (f.k.a. United Envirotech Ltd.), a Singapore-based company listed on the Singapore Stock Exchange

15 January 2015 - 14 August 2015, Non-Executive Director of China Rundong Auto Group Limited, a company listed on the Hong Kong Stock Exchange
Present
19 October 2009 - Present, Non-Executive Director of Far East Horizon Limited, a company listed on the Hong Kong Stock Exchange

29 September 2014 - Present, Non-Executive Director of Qingdao Haier Co., Ltd., a company listed on the Shanghai Stock Exchange

5 February 2015 - Present, Non-Executive Director of China International Capital Corporation Limited (CICC), a company listed on the Hong Kong Stock Exchange
(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 a listed company?
Yes
If Yes, Please provide details of prior experience
4 October 2011 to 24 April 2015 and 27 April 2016 to 16 November 2016, Non-Executive Director of Citic Envirotech Ltd. (f.k.a. United Envirotech Ltd.), a Singapore-based company listed on the Singapore Stock Exchange

15 January 2015 - 14 August 2015, Non-Executive Director of China Rundong Auto Group Limited, a company listed on the Hong Kong Stock Exchange

19 October 2009 - Present, Non-Executive Director of Far East Horizon Limited, a company listed on the Hong Kong Stock Exchange

29 September 2014 - Present, Non-Executive Director of Qingdao Haier Co., Ltd., a company listed on the Shanghai Stock Exchange

5 February 2015 - Present, Non-Executive Director of China International Capital Corporation Limited (CICC), a company listed on the Hong Kong Stock Exchange