Change - Announcement of Appointment::Appointment of Non-Executive Director and Chairman of the Board

Issuer & Securities

Issuer/ Manager
CHINA YUANBANG PROP HLDGS LTD
Securities
CHINA YUANBANG PROP HLDGS LTD - BMG2159Z1005 - B2X
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
06-Feb-2015 08:01:14
Status
New
Announcement Sub Title
Appointment of Non-Executive Director and Chairman of the Board
Announcement Reference
SG150206OTHRBMW5
Submitted By (Co./ Ind. Name)
Stephen Chong Ching Hoi
Designation
Chief Financial Officer/Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive Director and Chairman of the Board

Additional Details

Date Of Appointment
05/02/2015
Name Of Person
Lin Yeju
Age
45
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Madam Lin Yeju is the spouse of Mr Chen Jianfeng, former Executive Director and Chairman as well as a substantial shareholder of China Yuanbang Property Holdings Limited (the "Company").

Madam Lin has been an Executive Director of the Group's subsidiary, Nanchang Changhao Real Estate Consultancy Co., Ltd, since 2008. The principal activities of Nanchang Changhao Real Estate Consultancy Co Ltd are property sales and marketing. She is in charge of the sales and marketing activities of the Nanchang Project.

The NC has reviewed the credentials of Madam Lin as well as interviewed her in person. Based on Madam Lin's background as well as the support of the Company's existing senior management who will continue to run the day-to-day operation of the Group, the NC has recommended to the Board of Directors (the "Board") that Madam Lin takes on a non-executive director role in the Company.

The Board has accepted the NC's recommendation. The Board has also approved the appointment of Madam Lin as the Chairman of the Board.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Director and Chairman of the Board
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Madam Lin is the spouse of Mr Chen Jianfeng, former Executive Director and Chairman as well as a substantial shareholder of the Company.
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Madam Lin is the Executive Director of Nanchang Changhao Real Estate Consultancy Co. Ltd., a wholly-owned subsidiary of the Company since 2008. She is responsible for the sales and marketing activities of the Nanchang Project.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Mr Chen Jianfeng has a direct interest in 320,400,000 shares in the Company and a deemed interest in 37,867,000 shares in the Company.

Madam Lin is deemed to be interested in all the shares in the Company that her spouse, Mr Chen Jianfeng is interested in.
# 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)
None
Present
Executive Director of Nanchang Changhao Real Estate Consultancy 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?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
The Company will arrange for the relevant course for Madam Lin to attend and further update her knowledge on the roles and responsibilities of a director of a listed company.