Change - Announcement of Appointment::Re-designation of Ms Tang Zhengming as Executive Chairperson and CEO

Issuer & Securities

Issuer/ Manager
VCPLUS LIMITED
Securities
VCPLUS LIMITED - SG1CG7000002 - 43E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
12-Jul-2024 17:56:17
Status
New
Announcement Sub Title
Re-designation of Ms Tang Zhengming as Executive Chairperson and CEO
Announcement Reference
SG240712OTHRTRQ1
Submitted By (Co./ Ind. Name)
Ong Choon Yi
Designation
Independent Director
Description (Please provide a detailed description of the event in the box below)
Re-designation of Ms Tang Zhengming to Executive Chairperson and Chief Executive Officer ("CEO").

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

Additional Details

Date Of Appointment
12/07/2024
Name Of Person
Tang Zhengming
Age
50
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
26/04/2024
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Ms Tang Zhengming ("Ms Tang") has been appointed as the Executive Director of the Company since 1 March 2024.

The Nominating Committee (the "NC") of the Company having considered Ms Tang's working experience and professional qualifications, is of the view that Ms Tang has the necessary qualifications, working experience and ability to contribute to the Company as the Executive Chairperson of the Board and CEO, and thus recommend to the Board that she be re-designated from her existing position as Executive Director to Executive Chairperson and CEO of the Company.

In view of the aforementioned reasons and the recommendations from the NC, the Board has duly approved Ms Tang's re-designation to Executive Chairperson and CEO of the Company.
Whether appointment is executive, and if so, the area of responsibility
This appointment is executive.

Ms Tang is responsible for providing leadership and direction to the Board, facilitating the operations, focusing efforts on corporate strategy, overseeing business collaboration initiatives and business development for the Company and the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairperson and the CEO
Professional qualifications
Degree of Executive Master of Business Administration, National University of Singapore, 2018
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)
NIL
Working experience and occupation(s) during the past 10 years
September 2006 - September 2016, Sopel International Pte. Ltd., (Director)
April 2006 - September 2016, Japan C & A (Singapore) Pte. Ltd., (Director)
April 2005 - September 2016, Added International (S) Pte. Ltd., (Co-founder & General Manager)
February 2005 - September 2016, Jiahe Foods Industry Co., Ltd., (Vice General Manager)
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?
Yes
Shareholding Details
1,233,000,000 ordinary shares and 370,000,000 options.
# 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
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(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
Ms Tang is an existing Executive Director of the Company since 1 March 2024. Ms Tang will attend the required courses within one year from her appointment on 1 March 2024.