Change - Announcement of Appointment::Appointment of Mr Ye Binlin as Chief Financial Officer

Issuer & Securities

Issuer/ Manager
CEFC INTERNATIONAL LIMITED
Securities
CEFC INTERNATIONAL LIMITED - BMG1989W1055 - Y35
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Dec-2016 17:51:58
Status
New
Announcement Sub Title
Appointment of Mr Ye Binlin as Chief Financial Officer
Announcement Reference
SG161230OTHRX1ZM
Submitted By (Co./ Ind. Name)
Ong Beng Hong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Ye Binlin as Chief Financial Officer

Additional Details

Date Of Appointment
01/01/2017
Name Of Person
Ye Binlin
Age
50
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
In line with the Code of Corporate Governance 2012, Mr Ye Binlin was nominated and assessed by the Nominating Committee. On the recommendation of the Nominating Committee, the Board approved Mr Ye Binlin's appointment as Chief Financial Officer of the Company based on his qualifications and experience.

Further to the appointment of Mr Ye Binlin as the new Chief Financial Officer of the Company, the existing Chief Financial Officer, Ms Ju Jia, will be re-designated to Vice President of Internal Audit and Risk Management of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive, Mr Ye Binlin shall be responsible for financial reporting, compliance to listing requirements and overall management of finance functions of CEFC International Limited and its subsidiaries.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Financial Officer of the Company and its subsidiary, Singapore CEFC Petrochemical & Energy Pte. Ltd.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Conflict of interests (including any competing business)
None
Working experience and occupation(s) during the past 10 years
Aug 2001 - Oct 2012
Joined COSCO Corporation (Singapore) Ltd, a main board listed company in Singapore (formerly known as COSCO Investment (Singapore) Ltd) as Finance Director in August 2001 & re-designated as Chief Financial Officer of the company in April 2008. Also acted as Finance Director/CFO of COSCO Holdings (Singapore) Pte. Ltd. (COSCO Group's overseas headquarter of South-east Asia / South Asia area) during the above-mentioned period. Meanwhile appointed as alternate director of both companies and board member of most subsidiaries and associated companies. Responsible for the whole financial and accounting management / investment / enterprise risk management of both companies. Assisted both companies president for strategy development, assisted president of COSCO Corporation (Singapore) Ltd for listed company corporate governance and PR matter. Also acted as General Legal Consultant of COSCO Holdings (Singapore) Pte Ltd. starting from 2010.
Oct 2012 - Jul 2014
Chief Accountant of COSCO Group Xiamen Ocean Shipping Company, China. In charge of all corporate financial management / properties investment / fleet restructuring / staff performance assessment and valuation / associated companies management and supervision.
Dec 2014 - July 2015
Deputy General Manager of Bilsea International Holdings Pte Ltd. In charge of overseas offices establishment and business development, group staff performance evaluation, bunkering business promotion and customer maintenance.
Nov 2015 - Apr 2016
Financial controller of Zhoushan Nanyang Star Shipbuilding Co., Ltd (Group). Be responsible for overall financial and accounting management plus internal control of the group.
May 2016 - Sep 2016
Consultant of Singa Star Pte Ltd. Being an adviser mainly in the field of the company's investment in China and Norway, especially at finance and internal control management.
Jul 2016 - Present
Consultant of CPA Partnership Pte Ltd. Offering general consultant services for the company.
Sep 2016 - Present
Consultant of Kinetica Pte Ltd. Offering general consultant services for the company.
Sep 2016 - Present
Independent non-executive Director of Coastal Corporation Limited
Oct 2016 - Present
Director of Sunway Holdings Pte. 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?
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)
None
Present
None
(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
Not applicable.