Change - Announcement of Appointment::Redesignation of Weng Wenwei

Issuer & Securities

Issuer/ Manager
FORISE INTERNATIONAL LIMITED
Securities
FORISE INTERNATIONAL LIMITED - SG1Y70948001 - I5H
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-Dec-2015 19:19:47
Status
New
Announcement Sub Title
Redesignation of Weng Wenwei
Announcement Reference
SG151216OTHRSF7C
Submitted By (Co./ Ind. Name)
Ong Wei Jin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Redesignation of Weng Wenwei. The Company had on 12 November 2015 announced that Weng Wenwei has been redesignated from an executive director to a non-executive director. This is the corresponding announcement pursuant to Appendix 7.4.1 of the Listing Manual of the SGX-ST.

Additional Details

Date Of Appointment
12/11/2015
Name Of Person
Weng Wenwei
Age
44
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Taking into account the cessation of Mr Weng Wenwei as Chief Executive Officer of the Company, and the reduced responsibilities of Mr Weng Wenwei in the Company, the Board of Directors has approved the redesignation of Mr Weng Wenwei from an Executive Director to a Non-Executive Director.
Whether appointment is executive, and if so, the area of responsibility
No.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director
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
1. Great Group Holdings Limited (now known Forise International Limited) - Executive Director
19 August 2015 - 11 November 2015

2. Great Group Holdings Limited (now known Forise International Limited) - Executive Chairman and Chief Executive Officer
29 February 2008 - 18 August 2015

3. Quanzhou Great Garments Co., Ltd. - Founder and general manager
May 2005 - 29 February 2008
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Weng Wenwei has a direct interest in 61,500,000 ordinary shares of the Company, and is deemed to be interested in (i) the 100,000,000 ordinary shares held by G&W Investment Management Co., Ltd by virtue of his shareholdings of 100% in G&W Investment Management Co., Ltd; (ii) the 80,000,000 ordinary shares held by Orient Glory Ventures Limited by virtue his shareholding of 100% in Orient Glory Ventures Limited; and (iii) the 80,000,000 ordinary shares held by Oriental Charms Holdings Limited by virtue his shareholding of 100% in Oriental Charms Holdings Limited.
# 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
Fashvacation Pte. Ltd.
Grandus Pte. Ltd.
3W Life Investment Pte. Ltd.
183Art Media Pte. Ltd.
3W Life Pte. Ltd.
3W International Investment Pte. Ltd.
Legal representative of Quanzhou Yuanteng Development Co. Ltd
Legal representative of Quanzhou Chuangcheng Cultural Co. Ltd
Legal Representative of Xiamen Great Cultural and Media Co. Ltd
Legal Representative of Fujian Great Investment Development Co. Ltd.
(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?
Yes
If Yes, Please provide details of prior experience
Mr Weng Wenwei has been a director of Forise International Limited since 2008.