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

Issuer & Securities

Issuer/ Manager
EUCON HOLDING LIMITED
Securities
EUCON HOLDING LIMITED - SG1Q02920318 - E27
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
12-Oct-2016 21:08:58
Status
New
Announcement Sub Title
Appointment of Non-Executive Director
Announcement Reference
SG161012OTHRAFUZ
Submitted By (Co./ Ind. Name)
Zhang Wei
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive Director

Additional Details

Date Of Appointment
12/10/2016
Name Of Person
Sun Quan
Age
50
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors, having considered the recommendation from the Subscriber to the Subscription, as well as the Subscriber's investment manager, and having reviewed and considered the qualifications and work experience of Mr Sun, is of the view that the appointment of Mr Sun as an Non-Executive Director is appropriate.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive Director.
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
2016-Present, Executive Director of Capital Impetus Group Limited, which is incorporated in Cayman Islands.

2011-Present, Executive Director and CEO of China Capital Impetus Asset Management Pte. Ltd., which is an asset management company regulated by the Monetary Authority of Singapore (MAS) as a Registered Fund Management Company (RFMC).

2011-Present, Non-Executive Director of RHB OSK GC-MILLENNIUM CAPITAL PTE. LTD., which is an asset management company regulated by the Monetary Authority of Singapore (MAS).

2009-Present, Executive Director of China Capital Impetus Investment Ltd., which is a fund management company registered with the Cayman Islands Monetary Authority as an Excluded Person.

2009-2011, General Manager of Friedmann Pacific Securities Limited, which is a securities firm registered in Hong Kong.

Mr Sun also sits on the board of Schwarzman College at Tsinghua University, which runs the Schwarzman Scholars program. The Schwarzman Scholars program is a master's program founded by Tsinghua University and Mr. Stephen Schwarzman, the co-founder of Blackstone Capital Group.

Mr Sun has more than 20 years of investment and management experience in the Greater China region, Singapore, Malaysia, Thailand and Indonesia, covering a variety of business areas including high technology, pharmaceuticals, electronics, real estate, natural resources and chemical industry.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Sun Quan is deemed interested in the 2,500,000,000 ordinary shares in the Company by virtue of his controlling interest in the fund manager of the Subscriber.
# 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)
Oriental Straits Fund
Oriental Straits Investment Limited
Oriental Straits Investment Pte. Ltd.
China Aircraft Leasing Group Holdings Limited
Present
Asia Aviation Fund
Beijing Dejoera Investment Co., Ltd.
Capital Impetus Group Limited
China Capital Asset Management Sdn. Bhd.
China Capital Impetus Consultancy Pte. Ltd.
China Capital Impetus Fund
China Capital Impetus Investment Limited
Dejoera Holdings Ltd
Dejoera Investment Limited
Galaxy-Impetus Fund I
Meridian Group Limited
Meridian Impetus Holdings Pte. Ltd.
Oriental Straits Fund II
Overseas Chinese Business Headquarters Development Fund
RHB OSK GC-Millennium Capital Pte. Ltd.
Starbright (Beijing) Culture Development Co., Ltd
Vanguard Resources Pte. 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
2013-2014, Independent Director of China Aircraft Leasing Group Holdings Limited, a Hong Kong listed company.

Mr Sun Quan will undergo relevant training in Singapore to familiarize himself with the roles and responsibilities of a director of a Singapore listed company.