Change - Announcement of Appointment::Change Announcement of Appointment

Issuer & Securities

Issuer/ Manager
TIANJIN ZHONG XIN PHARM GROUP
Securities
TIANJIN ZHONG XIN PHARM GROUP - CNE100000924 - T14

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
16-May-2014 17:28:58
Status
New
Announcement Sub Title
Change Announcement of Appointment
Announcement Reference
SG140516OTHRPJRW
Submitted By (Co./ Ind. Name)
Jiao Yan
Designation
Secretary to the Board
Effective Date and Time of the event
15/05/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
INDEPENDENT DIRECTOR WHO WILL BE CHAIRMAN OF THE AUDIT COMMITTEE AND BE MEMBER OF THE REMUNERATION COMMITTEE

Additional Details

Date Of Appointment
15/05/2014
Name Of Person
Mr Chen Timothy Teck Leng @ Chen Teck Leng
Age
59
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Chen Timothy Teck Leng @ Chen Teck Leng has been nominated by the Nominating Committee for appointment as an Independent Director of the Company. The Nominating Committee, having reviewed Mr Chen Timothy Teck Leng @ Chen Teck Leng s credentials, experience and capabilities, is satisfied that Mr Chen Timothy Teck Leng @ Chen Teck Leng is suitable for appointment as Independent Director of the Company.

After reviewing the recommendations of the Nominating Committee and Mr Chen Timothy Teck Leng @ Chen Teck Leng s qualifications and experience (as set out below), the Board has confirmed Mr Chen Timothy Teck Leng @ Chen Teck Leng s independence and approved his appointment as an Independent Director of the Company.

The Board considers Mr Chen Timothy Teck Leng @ Chen Teck Leng to be independent for the purposes of Rule 704(7) of the Listing Manual of the Singapore Exchange Securities Trading Limited ( SGX-ST ).
Whether appointment is executive, and if so, the area of responsibility
The appointment is independent and non-executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Audit Committee and Member of the Remuneration Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
2000- January 2005: President and Chief Executive Officer of Sun Life Everbright Life Assurance Co Ltd.
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)
(a)Sunmart Holdings Ltd. (b) Tianjin Zhongxin Pharmaceutical Group Corporation Ltd. (c) New Century Shipbuilding Co. Ltd. (d) ChangAn Capital Pte. Ltd. (e) Provident Capital Inc.
Present
(a)Yangzijiang Shipbuildings Holdings Ltd. (b)Xinren Aluminum Holdings Ltd. (c)HuAn Cable Holdings Ltd. (d)TMC Education Corporation Ltd. (e) Logistics Holdings Ltd. (f) Central Capital Assets Ltd. (g) Zheshang Property and Casualty Insurance 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?
Yes
If Yes, Please provide full details
Mr Chen Timothy Teck Leng @ Chen Teck Leng was an independent director of New Century Shipbuilding Co. Ltd ("NCS"). In 2010, NCS was issued a supervisory warning by MAS for failing to comply with the applicable laws and regulatory requirements in respect of the omission of information and providing false and misleading statements in the prospectus. The supervisory warning was made against NCS and certain directors of NCS but not against Mr Chen Timothy Teck Leng @ Chen Teck Leng.
(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 full details
Independent Director and Chairman Audit Committee of:-
(a) Yangzijiang Shipbuilding Holdings Ltd.;
(b) Xinren Aluminum Holdings Ltd.; and
(c) TMC Education Corporation Ltd.

Independent Director of:-
(a) HuAn Cable Holdings Ltd. ; and
(b) Logistics Holdings Ltd..