Change - Announcement of Appointment::Appointment of Executive Director, Chief Executive Officer and member of the Investment Committee

Issuer & Securities

Issuer/ Manager
CHINA FISHERY GROUP LIMITED
Securities
CHINA FISHERY GROUP LIMITED - KYG211001212 - B0Z
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
29-Feb-2016 23:47:19
Status
New
Announcement Sub Title
Appointment of Executive Director, Chief Executive Officer and member of the Investment Committee
Announcement Reference
SG160229OTHRPQ9Q
Submitted By (Co./ Ind. Name)
Lynn Wan Tiew Leng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Executive Director and member of the Investment Committee with effect from 21 January 2016, and Chief Executive Officer with effect from 26 February 2016.

Additional Details

Date Of Appointment
21/01/2016
Name Of Person
Ng Puay Yee (Jessie)
Age
43
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The appointment gives effect to the long term succession planning for the leadership for the Company which provides for the development of the skills of younger management so that leadership of the Company can be passed on seamlessly and in a timely manner. Under the plan, Ms Ng Puay Yee (Jessie) has been building on her many years of experience within the Company, enhancing the skills necessary to successfully lead the management of the Company.

Ms Ng Puay Yee (Jessie) has been with the Pacific Andes International Holdings Limited Group since 1995. She has been responsible for global sales and marketing for the group's frozen fish and seafood products. Ms Ng Puay Yee (Jessie) also oversees the group's raw material sourcing globally and has championed the Company's strong progress in sustainable sourcing. She graduated from Indiana University of Bloomington, USA, majoring in mass communication.

The Board has reviewed Ms Ng Puay Yee (Jessie)'s background, skills and experience and considered the appointment of Ms Ng Puay Yee (Jessie) as Executive Director, Chief Executive Officer and member of the Investment Committee is beneficial to the Board and to the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive Director, Chief Executive Officer and Member of the Investment Committee
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, Chief Executive Officer and Member of the Investment Committee
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Sister of Messrs Ng Joo Siang and Ng Joo Kwee
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
Please see attached Appendix I.
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)
Please see attached Appendix II.
Present
Please see attached Appendix II.
(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
Yes
If Yes, Please provide full details
Please see attached Appendix III.
(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
- Alternate Director to Mdm Teh Hong Eng who resigned as an Executive Director of Pacific Andes Resources Development Limited with effect from 14 December 2015; and - Executive Director of Pacific Andes International Holdings Limited

Attachments

Appendix I_Ng Puay Yee Jessie-Working experience and occupation.pdf
Appendix II_Ng Puay Yee Jessie-Directorship.pdf
Appendix III_PAIH_Annt_Inside Information and Resumption of Trading.pdf
Total size =408K