Change - Announcement of Appointment::Redesignation of Independent Director to Non-Executive and Non-Independent Director

Issuer & Securities

Issuer/ Manager
JIUTIAN CHEMICAL GROUP LIMITED
Securities
JIUTIAN CHEMICAL GROUP LIMITED - SG1V71937527 - C8R
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
06-Apr-2022 22:52:00
Status
New
Announcement Sub Title
Redesignation of Independent Director to Non-Executive and Non-Independent Director
Announcement Reference
SG220406OTHRJ9R4
Submitted By (Co./ Ind. Name)
Han Lianguo
Designation
Non-Executive and Non-Independent Chairman
Description (Please provide a detailed description of the event in the box below)
Redesignation of Non-Executive and Independent Director to Non-Executive and Non-Independent Director.

This announcement has been reviewed by the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange 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 Ling, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Date Of Appointment
26/04/2022
Name Of Person
Gao Guoan
Age
80
Country Of Principal Residence
China
Date of last re-appointment (if applicable)
23/06/2020
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
With effect from 26 April 2022, Mr Gao will have served on the Board of the Company for more than nine years and will therefore not be considered independent under Catalist Rule 406(3)(d)(iii).

The Board, upon recommendation of the Nominating Committee ("NC"), approved the re-designation of Mr Gao from Independent Director to Non-Independent and Non-Executive Director with effect from 26 April 2022. Mr Gao had abstained from the deliberations and decision-making in relation to his re-designation. Following his re-designation, Mr Gao will remain as a member of the Remuneration Committee and Chairman of the NC.

At the annual general meeting ("AGM") on 28 April 2022, Mr Gao will be seeking shareholders' approval for his re-election as a director of the Company and also for his appointment as an independent director in accordance with Catalist Rule 406(3)(d)(iii). The Board has accepted NC's recommendation for the aforesaid re-election after taking into consideration Mr Gao's qualifications, past experience, and overall contribution since he was appointed as a Director of the Company.

If Mr Gao fails to obtain the requisite shareholders' approval, the Company shall review and make the necessary changes to its board composition.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
With effect from 26 April 2022, Mr Gao will be re-designated to Non-Executive and Non-Independent Director
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
Nil
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
April 2013 to Present: Non-Executive and Independent Director of the Company
December 2008 - February 2015: Independent Director of Zhengzhou Coal Mining Machinery Group Co., Ltd.
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)
Nil
Present
Non-Executive and Independent Director of the Company
(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 Gao has been a Director of the Company since 26 April 2013.