Change - Announcement of Appointment::RE-DESIGNATION OF NON-INDEPENDENT AND NON-EXECUTIVE DIRECTOR TO INDEPENDENT DIRECTOR - MS JIANG NAN

Issuer & Securities

Issuer/ Manager
EINDEC CORPORATION LIMITED
Securities
EINDEC CORPORATION LIMITED - SG1CE9000005 - 42Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
22-Jul-2025 23:02:47
Status
New
Announcement Sub Title
RE-DESIGNATION OF NON-INDEPENDENT AND NON-EXECUTIVE DIRECTOR TO INDEPENDENT DIRECTOR - MS JIANG NAN
Announcement Reference
SG250722OTHRU39B
Submitted By (Co./ Ind. Name)
Shirley Tan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Re-designation of Ms Jiang Nan from Non-Independent and Non-Executive Director to Independent Director.

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (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. Lim Hui Zheng, ZICO Capital Pte. Ltd., at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
23/07/2025
Name Of Person
Jiang Nan
Age
43
Country Of Principal Residence
China
Date of last re-appointment (if applicable)
24/04/2024
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors ("Board") and the Nominating Committee ("NC") of the Company have conducted an assessment of the independence of Ms Jiang Nan ("Ms. Jiang") in accordance with the definition of an "independent director" set out in the Code of Corporate Governance 2018 ("Code"). The Board and the NC are satisfied that Ms. Jiang does not fall under any of the circumstances set out in the Practice Guidance to the Code or Catalist Rule 406(3)(d) that would deem her to be non-independent. Further details of the assessment is set out in the Company's announcement dated 22 July 2025.

The Board and the NC are also of the view that Ms. Jiang is able to exercise independent judgement in the discharge of her duties and responsibilities as an Independent Director, and will continue to act in the best interests of the Company and its shareholders. In addition, Ms. Jiang has not served on the Board for more than nine years from the date of her first appointment.

Accordingly, the Board has accepted the recommendation of the NC to redesignate Ms. Jiang as an Independent Director. Ms. Jiang had abstained from all deliberations and decision-making of the Board in relation to her re-designation as Independent Director.

Following her re-designation, Ms. Jiang will also be appointed as Chairman of the Remuneration Committee ("RC"), as well as a member of the Audit Committee ("AC") and the NC. The Board considers Ms. Jiang to be independent for the purpose of Catalist Rule 704(7).
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, RC Chairman and member of the NC and the AC
Professional qualifications
Nil
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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2015 - 2025: Chairman of China Construction Investment Group Engineering Technology Co., Ltd.

2013 - 2015: Chairman of Beijing Tianrong Wealth Investment Fund Management Limited
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
Directorship:
1. China Construction Investment in Refrigeration Technology Co., Ltd

2. China Construction Information Technology Co., Ltd

3. Xing Xing Fortune (Beijing) Investment Fund Management Limited

4. China Construction Investment Group Engineering Technology Co., Ltd.
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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Ms. Jiang has been a Director of the Company since 1 October 2020.