Change - Announcement of Appointment::APPOINTMENT OF CAI SUIRONG AS EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager
ABTERRA LTD.
Securities
ABTERRA LTD - SG2C12961455 - L5I
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
26-Oct-2017 17:27:11
Status
New
Announcement Sub Title
APPOINTMENT OF CAI SUIRONG AS EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Announcement Reference
SG171026OTHRFRQ7
Submitted By (Co./ Ind. Name)
LIU ZHIYANG
Designation
DIRECTOR
Description (Please provide a detailed description of the event in the box below)
APPOINTMENT OF CAI SUIRONG AS EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

Additional Details

Date Of Appointment
26/10/2017
Name Of Person
Cai Suirong
Age
53
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee, after evaluating Ms Cai's qualification and work experience, has recommended the appointment of Ms Cai as an Executive Director and Chief Executive Officer of the Company. The Board has accepted the recommendation of the Nominating Committee and approved her appointment.
Whether appointment is executive, and if so, the area of responsibility
Yes. Ms Cai Suirong will be responsible for managing the Group and leading the Group in its business expansion.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Sister of Mr Cai Sui Xin, Non-Executive Director and Non-Executive Chairman of the Company.
Daughter of Mr Tsoi Ming Chi, a substantial shareholder of the Company.
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10 years
March 1992 to present - Director (General Nice Development Limited)
October 1994 to April 2015 - Director, General Manager (Tianjin General Nice Coke & Chemicals Co., Ltd.)
October 1994 to March 2015 - Director (Shanxi Loudong General Nice Coking & Gas Co Ltd.)
September 1997 to present - Director (General Nice (Tianjin) Industry Co., Ltd.)
February 2010 to April 2013 - Director (Abterra Ltd.)
October 2010 to present - Vice Chairperson (General Nice Investment (China) Limited)
July 2003 to present - Director (Tianjin Haoan Mineral Co 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)
Tianjin General Nice Coke & Chemicals Co., Ltd.
Shanxi Loudong General Nice Coking & Gas Co Ltd.
Abterra Ltd.
Present
General Nice Development Limited
General Nice (Tianjin) Industry Co., Ltd.
Tianjin Haoan Mineral 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?
Yes
If Yes, Please provide details of prior experience
Ms Cai Suirong was previously a director of Abterra Ltd., a company listed on the Singapore Exchange Securities Trading Limited.