Change - Announcement of Appointment::APPOINTMENT OF MS LIU XIAOHUA AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager
VERSALINK HOLDINGS LIMITED
Securities
VERSALINK HOLDINGS LIMITED - SG1AC9000003 - 40N
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
20-Jul-2023 00:40:45
Status
New
Announcement Sub Title
APPOINTMENT OF MS LIU XIAOHUA AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR
Announcement Reference
SG230720OTHRH966
Submitted By (Co./ Ind. Name)
Matthew Law Kian Siong
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Appointment of Independent Non-Executive Director - Ms Liu Xiaohua

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the 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 Ms. Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
19/07/2023
Name Of Person
Liu Xiaohua
Age
40
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors (the "Board") of Versalink Holdings Limited (the "Company") has reviewed and assessed the qualifications, working experience, suitability, expertise and independence of Ms Liu Xiaohua ("Ms Liu"), the diversity of the Board composition, as well as the recommendation of the Nominating Committee ("NC") of Ms Liu to be appointed as an Independent Non-Executive Director of the Company ("ID").

The Board is satisfied that Ms Liu has the requisite experience and capabilities to assume the role and responsibilities as an ID, and has approved the appointment of Ms Liu as an ID. Ms Liu will also be appointed as the Chairman of the Remuneration Committee ("RC") as well as a member of the Audit Committee ("AC") and the NC.

The Board considers Ms Liu to be independent for the purposes of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist.
Whether appointment is executive, and if so, the area of responsibility
Independent Non-Executive Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Non-Executive Director, Chairman of the RC as well as a member of the AC and the NC
Professional qualifications
Master of Law, China University of Geosciences in Beijing

Bachelor of Law, Tianjin University of Commerce

Legal Professional Certificate (in the People's Republic of China)

Fund Practicing Qualification Certificate (in the People's Republic of China)
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
Ms Liu is a shareholder of the Company, details as set out below.
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
June 2023 to present
- Non-Executive and Independent Director in Camsing Healthcare Limited

June 2023 to present
- Independent Director in First Capital Securities Co., Ltd.

June 2022 to present
- Independent Director in Zhixueyun(Beijing) Technology Co., Ltd.

November 2022 to present
- Independent Director in Nanjing Tracy Energy Technology Co., Ltd.

May 2019 to October 2019
- Independent Director in Northern Minerals Limited

Principal Commitments

January 2022 to present
- Supervisor in Beijing Fanghao Management Consulting Co., Ltd.

September 2021 to present
- Executive Partner and Legal Representative in Zhuhai Yunhao Investment Center (Limited Partnership)

March 2022 to present
- Executive Partner and Legal Representative in Hainan Bohao Guanghui Private Fund Management Partnership (Limited Partnership)

January 2019 to February 2022
- Vice President in Beijing Zhongjinggelong Investment Consultation Co.,Ltd.

April 2017 to December 2018
- Executive Director & Manager of Department V in Guotai Junan Innovation Investment Co., Ltd.

November 2013 to March 2017
- Manager of Beijing Department III in Southwest Securities Company Limited

February 2012 to October 2013
- Project Manager in Essence Securities 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?
Yes
Shareholding Details
6,000,000 shares of the Company - Direct Interest
# 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)
Northern Minerals Limited
Present
Camsing Healthcare Limited

Beijing Zhongjinggelong Investment Consultation Co.,Ltd.

First Capital Securities Co., Ltd.

Zhixueyun (Beijing) Technology Co., Ltd.

Nanjing Tracy Energy Technology Co., Ltd.

Other principal commitments

Zhuhai Yunhao Investment Center

Hainan Bohao Guanghui Private Fund Management Partnership

Beijing Fanghao Management Consulting 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 an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Ms Liu is currently an Non-Executive and Independent Director of Camsing Healthcare Limited.