Change - Announcement of Appointment::APPOINTMENT OF CHIEF FINANCIAL OFFICER

Issuer & Securities

Issuer/ Manager
CHINA JINJIANG ENVIRONMENT HOLDING COMPANY LIMITED
Securities
CHINA JINJIANG ENV HLDG CO LTD - KYG2119H1092 - BWM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Sep-2019 18:21:57
Status
New
Announcement Sub Title
APPOINTMENT OF CHIEF FINANCIAL OFFICER
Announcement Reference
SG190926OTHRBN7Q
Submitted By (Co./ Ind. Name)
Zhang Chao
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Jin Ruizhi as Chief Financial Officer.

Additional Details

Date Of Appointment
26/09/2019
Name Of Person
Jin Ruizhi
Age
45
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
In connection with the acquisition on 21 August 2019 of 29.79% of the shares of China Jinjiang Environment Holding Company Limited (the "Company") by Zhejiang Energy Hong Kong Holding Limited, which is a wholly-owned subsidiary of Zhejiang Provincial Energy Group Co., Ltd., to become the largest controlling shareholder of the Company, Zhejiang Energy Hong Kong Holding Limited has nominated Mr. Jin Ruizhi to assume the position of Chief Financial Officer of the Company, in place of Mr. Xu Yongqiang who has resigned.

The Audit and Risk Management Committee of the Company has reviewed the curriculum vitae of Mr. Jin and conducted an interview with him, and is satisfied that he has the necessary expertise and experience to discharge his duties as the Chief Financial Officer of the Company.

After reviewing the recommendation of the Audit and Risk Management Committee and the Nominating Committee and the qualifications and work experience of Mr. Jin, as set out below, the Board approved his appointment as Chief Financial Officer.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr. Jin will be responsible for the Group's overall finance function, including corporate finance and financial management of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer
Professional qualifications
Intermediate-level Accountant conferred by the Ministry of Finance of the People's Republic of China
Bachelor Degree in Business Management, Zhejiang University
College Degree (Financial Accounting), North China Electric Power 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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
February 2019 to September 2019: Deputy General Manager of Guangsha (Zhoushan) Energy Group Co., Ltd. and Zhoushan Huanyu Wharf Co., Ltd.
January 2015 to February 2019: Deputy General Manager of Zhejiang Zheneng Zhongmei Zhoushan Coal and Electricity Co., Ltd.
June 2012 to January 2015: Deputy General Manager and Chief Accountant of Huaizhe Coal and Electricity Co., Ltd.
June 2010 to June 2012: Director of Finance Department, Zhejiang Zheneng Zhongmei Zhoushan Coal and Electricity Co., Ltd.
July 2005 to June 2010: Director of Finance Department, Zhejiang Zheneng Lanxi Power Generation 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)
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 an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Not applicable
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable