Change - Announcement of Appointment::APPOINTMENT OF NON-EXECUTIVE CHAIRMAN AND CHAIRMAN OF THE AUDIT COMMITTEE

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
11-Apr-2024 00:11:20
Status
New
Announcement Sub Title
APPOINTMENT OF NON-EXECUTIVE CHAIRMAN AND CHAIRMAN OF THE AUDIT COMMITTEE
Announcement Reference
SG240411OTHR3LFG
Submitted By (Co./ Ind. Name)
Zhao Chichun
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, an incumbent Independent Director of the Company, a member of the Audit Committee ("AC") and Chairman of the Nominating Committee ("NC") and the Remuneration Committee ("RC"), as the Non-Executive Chairman of the Board of Directors of the Company ("Board") and Chairman of the AC.

This announcement has been prepared by 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. Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
26/04/2024
Name Of Person
Yeo Teck Chuan
Age
56
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
28/04/2022
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Consequent to the retirement of Mr. Ho Teck Cheong at the conclusion of the Company's forthcoming annual general meeting to be held on 26 April 2024, Mr. Yeo Teck Chuan, an incumbent Independent Director of the Company, a member of the AC and Chairman of the NC and the RC, shall be appointed as the Non-Executive Chairman of the Board and Chairman of the AC. Mr. Yeo Teck Chuan shall continue to serve as the Chairman of the NC and the RC.

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, is of the view that he has the requisite experience, knowledge and capabilities to assume the role and responsibilities as the Non-Executive Chairman of the Board and Chairman of the AC.

The Board considers Mr. Yeo Teck Chuan to be independent for the purposes of Rule 704(7) of the Catalist Rules.
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, Non-Executive Chairman of the Board, and Chairman of the AC, 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
China Shenshan Orchard Holdings Co. Ltd.
YSH Advisory Pte. Ltd.
YSH Advisory II 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
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr. Yeo Teck Chuan is an incumbent Independent Director of the Company since 2 December 2021.