Change - Announcement of Appointment::APPOINTMENT AS ACTING CHIEF EXECUTIVE OFFICER AND RE-DESIGNATION AS EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
CHANGJIANG FERTILIZER HOLDINGS LIMITED
Securities
CHANGJIANG FERTILIZER HLGS LTD - SG1Y79949026 - JA9
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Feb-2016 15:24:47
Status
New
Announcement Sub Title
APPOINTMENT AS ACTING CHIEF EXECUTIVE OFFICER AND RE-DESIGNATION AS EXECUTIVE DIRECTOR
Announcement Reference
SG160203OTHRCME5
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr. Long Chee Tim, Daniel, has been appointed as Chief Executive Officer and accordingly has been re-designated as an Executive Director. Prior to this appointment, Mr. Long was a Non-Executive Non-Independent Director of the Company and a member of the Audit Committee and the Remuneration Committee. Following his appointment as Chief Executive Officer, Mr. Long ceases to be a member of the Audit Committee and the Remuneration Committee. The Company will announce the reconstitution of the Board committees in due course.

Additional Details

Date Of Appointment
03/02/2016
Name Of Person
LONG CHEE TIM, DANIEL
Age
45
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Currently, the Company does not have a Chief Executive Officer (CEO) and no suitable candidate has been identified. As the Company is looking at a few possible options towards reviving the Company from a business perspective, the Board is of the view that the Company should be led by a CEO. In this regard, the Board notes that the existing
state of the Company makes it challenging to attract or find a suitable candidate to be its CEO. After having considered the experience and track record of Mr. Long and while the Company continues with its search for a suitable candidate for the role of CEO, the Board is of the view that it would be most appropriate and prudent to have Mr. Long act, in the interim, as the CEO and to take on an executive position on the Board.
Whether appointment is executive, and if so, the area of responsibility
Executive. To take charge of the day-to-day operations of the Company and to lead in the strategic direction of the Company.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Acting Chief Executive Officer and Executive Director
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Providence Capital Management Pte Ltd

1. Managing Partner and Executive Director
2. Manager of absolute returns-driven funds involved in venture capital, private equity, public markets, structured investments, real-estate, etc.

Ecquaria Technologies Pte Ltd

1. Deputy CEO, CFO
2. Head of Sales and Marketing
Shareholding interest in the listed issuer and its subsidiaries?
No
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)
Equinox Investment Group Limited
Present
Providence Capital Management Pte Ltd
Providence SOGF Limited
Broad Idea Investments Limited
Providence AgriVentures Limited
Providence SOGF 2 Limited
Glam Estates Pte Ltd
Providence HGF3 Limited
PGP1 Limited
Providence Capital Partners Limited
Ayin Estates Pte Ltd
Providence Asset Management Pte Ltd
CT Facilities Management Pte Ltd
Providence Estates (Green Lodge) Pte Ltd
(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 details of prior experience
Yes. Mr. Long is currently a director of the Company.