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

Issuer & Securities

Issuer/ Manager
SUNMOON FOOD COMPANY LIMITED
Securities
SUNMOON FOOD COMPANY LIMITED - SG1AA2000004 - AAJ
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
05-Jul-2017 17:34:50
Status
New
Announcement Sub Title
Appointment of Non-Independent and Non-Executive Director
Announcement Reference
SG170705OTHRVILZ
Submitted By (Co./ Ind. Name)
Chia Lay Beng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of a new non-independent and non-executive Director pursuant to the Placement Agreement dated 31 December 2016 and subsequent amendment agreements.

Additional Details

Date Of Appointment
05/07/2017
Name Of Person
Wang Yaobin
Age
32
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Upon the nomination of the Shanghai Yiguo E-commerce Co., Ltd., which had reviewed the qualifications and experience of Mr. Wang Yaobin, the Board of Directors approved his appointment as Non-independent and Non-Executive Director.

The Board has constantly been on the watch for talent to contribute to the Group and promote diversity at the Board level.

Mr. Wang Yaobin had qualified professional in Finance with over 10 years experience. He worked in E&Y as Senior Accountant for 5 years and served as Finance Controller in Yiguo Group since 2015. And he always performs in an engaging manner, reassuring about the process and likely results. Mr. Wang Yaobin's admission to the Board fits well for the Group's strategy to boost international trade and to be a global market leader in the distribution and marketing of fruits and vegetables.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Board of Directors Member
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
2008.09~2013.07: EY Shanghai Office as Senior Accountant

2013.07~2014.08: Baidu 91 Wireless Technology Co.,Ltd as Senior Finance Manager

2014.08~2015.04: Shanghai Ymatou Network Co., Ltd as Senior Finance Manager

2015.04 till Now: Shanghai Yiguo E-Commence Co.,Ltd as Group Finance Controller
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)
N.A.
Present
N.A.
(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 No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
The Company will arrange for Mr. Wang to attend the relevant training to familiarize himself with the roles and responsibilities of a director of a Singapore public listed company

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