Change - Announcement of Appointment::Appointment of Executive Chairman and Chief Executive Officer

Issuer & Securities

Issuer/ Manager
YONG XIN INTERNATIONAL HOLDINGS LTD.
Securities
YONG XIN INTL HOLDINGS LTD. - SG1V34936913 - CX5

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
09-Apr-2014 01:16:48
Status
New
Announcement Sub Title
Appointment of Executive Chairman and Chief Executive Officer
Announcement Reference
SG140409OTHRC47P
Submitted By (Co./ Ind. Name)
Pu Yongfa
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Appointment of Executive Chairman and Chief Executive Officer

Additional Details

Date Of Appointment
25/04/2014
Name Of Person
Pu Xiaofang
Age
27
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Ms Pu is currently the Executive Director of the Company responsible for overseeing the day-to-day operations of the Group. The Board of Directors having considered the recommendation of the Nominating Committee and having assessed Ms Pu's performance, is of the view that she has the requisite experience and capabilities to act in the appointed capacity, and has approved the appointment of Ms Pu.
Whether appointment is executive, and if so, the area of responsibility
This appointment is executive. Ms Pu will be responsible for the overall management, day-to-day operations, strategic direction and growth of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Chief Executive Officer, and member of the Nominating Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
1. Granddaughter of Mr Pu Yongfa (the current Executive Chairman and CEO of the Company, retiring at the Company's annual general meeting on 25 April 2014);

2. Niece of Mr Pu Qixing (Non-Executive Director of the Company); and

3. Daughter of Madam Wang Yufen (Substantial Shareholder of the Company).
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
March 2010 to present
General Manager at Yongxin Precision Material (Wuxi) Co., Ltd; and
Executive Director of the Company.

November 2009 to March 2010
Management trainee at Standard Chartered Bank in Shanghai, China
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Deemed interest - 117,429,420 ordinary shares in the Company
Other Directorships
# 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)
Nil
Present
Nil
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?
Yes
If Yes, Please provide full details
Ms Pu is currently the Executive Director of the Company