Change - Announcement of Appointment::APPOINTMENT AS EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
CHINA NEW TOWN DEVT CO LIMITED
Securities
CHINA NEW TOWN DEVT CO LIMITED - VGG2156N1006 - D4N

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Mar-2014 17:07:18
Status
New
Announcement Sub Title
APPOINTMENT AS EXECUTIVE DIRECTOR
Announcement Reference
SG140330OTHRLS3G
Submitted By (Co./ Ind. Name)
SHI JIAN
Designation
DIRECTOR
Effective Date and Time of the event
28/03/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
APPOINTMENT AS EXECUTIVE DIRECTOR

Additional Details

Date Of Appointment
28/03/2014
Name Of Person
REN XIAOWEI
Age
42
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Pursuant to the completion of the subscription of 5,347,921,071 shares in the Company by China Development Bank International Holdings Limited which took place on 28 March 2014, Mr.Ren was appointed to the Board as part of the re-constitution of the composition of the board of directors of the Company.
Whether appointment is executive, and if so, the area of responsibility
He will be responsible for, among other things, the management of urban development projects and construction projects.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
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
Mr. Ren currently is the senior manager of the Direct Investment Division III of China Development Bank Capital Corporation Limited("CDBC"), a controlling shareholder of the Company. Mr. Ren joined CDBC since December 2009. Mr. Ren also worked as assistant general manager and chief operating officer of China Development Caofeidian Investment Company Limited, the vice president and chief investment supervisor of China Development Jilin Investment Company Limited. Mr. Ren has extensive experience in import and export industry. Prior to joining CDBC, Mr. Ren worked as department manager of China National Machinery Import & Export Corporation during 1995 to 2003 and as managing director of Bidwiin Tech during 2003 to 2009.
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)
NONE
Present
NONE
(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?
No
If Yes, Please provide full details
Mr.Ren will attend training courses to familiarize himself with the roles and responsibility of a director of a listed company.