Change - Announcement of Appointment::Appointment of Lead Independent Director

Issuer & Securities

Issuer/ Manager
LIONGOLD CORP LTD
Securities
LIONGOLD CORP LTD - BMG5521X1092 - A78
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Apr-2020 19:49:42
Status
New
Announcement Sub Title
Appointment of Lead Independent Director
Announcement Reference
SG200428OTHR0N9M
Submitted By (Co./ Ind. Name)
Yao Liang
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (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 Mr Bernard Lui.
Tel: 6389 3000
Email: bernard.lui@morganlewis.com

Additional Details

Date Of Appointment
30/04/2020
Name Of Person
Sun Shu
Age
67
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
On 22 January 2020, Mr Sun Shu was appointed as Non-Executive Independent Director and member of the Audit Committee, Nominating Committee and Remuneration Committee.

The Board considered Mr Sun's qualifications, experience and capabilities and is satisfied that Mr Sun has the requisite qualification and experience to assume the duties and responsibilities as Lead Independent Director of the Company with effect from 30 April 2020.

Mr Sun Shu will also be appointed as a Chairman of Remuneration Committee and remains a member of the Audit Committee and Nominating Committee.
Whether appointment is executive, and if so, the area of responsibility
The appointment is as Lead Independent Director.

As the Lead Independent Director of the Company, Mr Sun will be available to shareholders of the Company where they have concerns and for which contact through the normal channels of the Chairman or the Financial Controller of the Company has failed to resolve or is inappropriate.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Remuneration Committee Chairman
Professional qualifications
- English Major from Hefei Normal College, People's Republic of China
- Masters in Law from the Central China Normal University in Wuhan, 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
Nil
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
From September 1985 to December 2012, Mr Sun Shu held various positions in the Bank of China before retiring in January 2013. Between August 2002 to December 2012, Mr Sun Shu was the Secretary of the Disciplinary Examination Committee of the Communist Party of China for the Guangdong Provincial Branch of the Bank of China.

Since 23 December 2016 to present date, Mr Sun Shu is the Independent Director, the Chairman of the Nominating Committee and the member of the Remuneration Committee and Audit and Risk Committee of Dasin Retail Trust.

Since 22 January 2020 to present date, Mr Sun Shu is the Non-Executive Independent Director and member of the Audit Committee, Nominating Committee and Remuneration Committee of the Company.
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?
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)
Nil
Present
Dasin Retail Trust
(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
On 22 January 2020, Mr Sun Shu was appointed as Non-Executive Independent Director and member of the Audit Committee, Nominating Committee and Remuneration Committee of LionGold Corp Ltd. Since 23 December 2016, Mr Sun was appointed the Independent Director, the Chairman of the Nominating Committee and the member of the Remuneration Committee and Audit and Risk Committee of Dasin Retail Trust, listed on SGX Mainboard. Mr Sun Shu also attended the Listed Entity Director Programme (Mandarin) - Core, organized by the Singapore Institute of Directors on 22 May 2019.