Change - Announcement of Appointment::APPOINTMENT OF CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
YANGZIJIANG FINANCIAL HOLDING LTD.
Securities
YANGZIJIANG FINANCIAL HOLDING LTD. - SGXE77102635 - YF8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
24-Apr-2024 23:02:41
Status
New
Announcement Sub Title
APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Announcement Reference
SG240424OTHRD4HF
Submitted By (Co./ Ind. Name)
Ren Yuanlin
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Appointment of Chief Executive Officer

Additional Details

Date Of Appointment
24/04/2024
Name Of Person
Ren Yuanlin
Age
70
Country Of Principal Residence
China
Date of last re-appointment (if applicable)
24/04/2024
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors of the Company has reviewed and assessed the qualifications, experience and suitability of Mr Ren Yuanlin and upon the recommendation of the Nominating Committee, has approved the appointment of Mr Ren Yuanlin as Chief Executive Officer of the Company. Mr Ren Yuanlin shall retain his current position as Executive Chairman upon his appointment as Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Ren Yuanlin will be principally in charge of the overall operation and management of the Group as well as overseeing the Company's strategy, talent, culture, and decision-making on major issues.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Chief Executive Officer
Professional qualifications
College Diploma from Jiangsu Radio and TV University (1986)
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
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
April 2022 - Current: Executive Chairman of Yangzijiang Financial Holding Ltd.
April 2020 - April 2022: Honorary Chairman of Yangzijiang Shipbuilding (Holdings) Ltd.
Dec 2007 - April 2020: Chairman of Yangzijiang Shipbuilding (Holdings) 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
852,845,825 deemed interest through his interest in Yangzi International Holdings Limited which is wholly-owned by Julius Baer Trust Company (Singapore) Limited as trustee of YZJ Settlement.
# 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)
JINGJIANG RUNYUAN (GROUP COMPANIES)
JIANGSU YANGZI SHENGDA PAPER TECHNOLOGY DEVELOPMENT CO., LTD.
JIANGSU XINFU HEAVY INDUSTRY MACHINERY CO., LTD.
ZHUHAI LEADING POWER FINANCIAL LEASING CO., LTD.
JINGJIANG XINYUAN INVESTMENT CO., LTD.
JIANGSU YANGZIJIANG SHIPBUILDING CO., LTD.
JIANGSU YANGZI XINFU SHIPBUILDING CO., LTD.
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD
JIANGSU RUNHUA TECHNOLOGY INVESTMENT CO., LTD.
Present
YUNNAN DOUYUE MINING CO., LTD.
JIANGSU ZHONGTAI STRUCTURAL STEEL CO., LTD.
JIANGYIN YANGLIUAN MANOR CO., LTD.
JIANGYIN ZHONGJI MINING INVESTMENT CO., LTD
GEM ASSET MANAGEMENT PTE. LTD.
NEWYARD WORLDWIDE HOLDINGS LTD
GEM YIELD PTE LTD.
GEM DIRECT INVESTMENTS PTE.LTD.
GAOHONG INTERNATIONAL LIMITED
JIANGSU YANGCHUAN INVESTMENT DEVELOPMENT 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
13 Jan 2006- 30 April 2020, Executive Chairman of Yangzijiang Shipbuilding (Holdings) Ltd.