Change - Announcement of Appointment::Replacement Announcement for Reference SG220430OTHRDOJK dated 30 April 2022

Issuer & Securities

Issuer/ Manager
CAPALLIANZ HOLDINGS LIMITED
Securities
CAPALLIANZ HOLDINGS LIMITED - SG1H44875935 - 594
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
19-Aug-2022 22:42:04
Status
New
Announcement Sub Title
Replacement Announcement for Reference SG220430OTHRDOJK dated 30 April 2022
Announcement Reference
SG220819OTHRMMME
Submitted By (Co./ Ind. Name)
Pang Kee Chai, Jeffrey
Designation
Director
Description (Please provide a detailed description of the event in the box below)
This announcement supersedes the announcement released by the Company on 30 April 2022 at 21:35 pm (Announcement Reference No. SG220430OTHRDOJK), in relation to the appointment of Mr Liu Qiang as Executive Director and Chief Executive Officer of the Company ("Previous Announcement").

The shareholding interest of Mr Liu Qiang in the Company and the relationship between Mr Liu and the Company have been updated in this announcement as they had been inadvertently omitted in the Previous Announcement.

Save for the aforementioned, other details in the "Additional Details" section of this announcement remains the same as the Previous Announcement.

This announcement has been prepared by CapAllianz Holdings Limited (the "Company") and its contents have been reviewed by the Company's sponsor (the "Sponsor"), ZICO Capital Pte. Ltd., in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03, Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Additional Details

Date Of Appointment
01/05/2022
Name Of Person
Liu Qiang
Age
37
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The board of directors (the "Board") of the Company, having considered the recommendation of the Nominating Committee and having reviewed and considered the qualifications, expertise, working experience and suitability of Mr Liu Qiang ("Mr Liu"), is satisfied that he has the relevant experience, knowledge and skills to assume the responsibility as the Executive Director and Chief Executive Officer of the Company.

Accordingly, the Board approved the appointment of Mr Liu as the Executive Director and Chief Executive Officer of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Liu will jointly manage and oversee the day-to-day operations and financial position of the Group, as well as exercise control over the quality and timeliness of information flow between the Board and the management of the Company, together with the existing Executive Director of the Company, namely Mr Pang Kee Chai, Jeffrey. Operationally, Mr Liu will focus to source for new business opportunities including but not limited to metaverse/blockchain as well as technology related businesses and investments.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Executive Officer
Professional qualifications
Master in Resource Development Planning - China University of Mining and Technology-Beijing
Bachelor in Materials Engineering - Shijiazhuang Tiedao University
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
Mr Liu is a shareholder of the Company, details as set out below.
Conflict of interests (including any competing business)
No.
Working experience and occupation(s) during the past 10 years
2021 to Present - Independent Non-Executive Director of China Ocean Group Development Limited
2018 to 2022 - Vice President and Chief Technical Officer of Asia Television Holdings Limited
2018 - Chairman of the Board and Executive Director of Dinghe Mining Holdings Limited
2013 to 2018 - Executive Deputy General Manager of AVIC Energy Cambodia Company
2012 to 2013 - Deputy General Manager of Zhonghezhong (Beijing) Optoelectronics Technology 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?
Yes
Shareholding Details
Direct interest in 100,000,000 shares of the Company
# 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)
Other Principal Commitment:
Nil

Directorship:
Dinghe Mining Holdings Limited
Present
Other Principal Commitments:
1) Shenzhen Duxiaoman Industrial Co., Ltd. Huaqiang North Store (Legal Representative)
2) ATV Culture Media (Shenzhen) Co., Ltd. (Legal Representative)
3) ATV Pictures (Wuxi) Co., Ltd. (Legal Representative)

Directorships:
1) China Ocean Group Development Limited
2) Shenzhen Xinhonghu Technology Co., Ltd. (Legal Representative)
3) Fengyi (Shenzhen) International Culture Development Co., Ltd. (Legal Representative)
4) Shenzhen Finger Slide Network Technology Co., Ltd. (Legal Representative)
5) Chengdu Soundline Network Technology Co., Ltd. (Legal Representative)
6) Shenzhen Lovebee Life Technology Co., Ltd. (Legal Representative)
7) Shenzhen Duxiaoman Industrial Co., Ltd. (Legal Representative)
8) Zhongke Jianye Energy 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?
Yes
If Yes, Please provide full details
From April 2018 to July 2018, Mr Liu was the Chairman and Executive Director of Dinghe Mining Holdings Limited ("DMH"), a company previously listed on the Hong Kong Stock Exchange. Mr Liu joined DMH to assist with its restructuring. During Mr Liu's tenure as the Chairman and Executive Director of DMH, DMH received several statutory demands and winding up petitions against DMH. Pursuant to a successful requisition for an extraordinary general meeting to elect and remove directors of DMH, Mr Liu was removed as a Director of DMH and he ceased to be the Chairman of DMH with effect from the conclusion of the extraordinary general meeting held on 11 July 2018. On 4 December 2019, DMH announced that, pursuant to an Order of the Honourable Mr Justice Harris dated 11 November 2019, DMH was ordered to be wound up and the Official Receiver was appointed as the Provisional Liquidator of DMH. Subsequently, the listing of DMH's shares was cancelled with effect from 5 February 2020 by The Stock Exchange of Hong Kong Limited.

To the best of Mr Liu's knowledge, (i) none of the statutory demands and winding up petitions received by DMH is in connection with any matters occurring or arising during Mr Liu's tenure as the Chairman and Executive Director of DMH; and (ii) save as disclosed above, Mr Liu is not aware of any other information relating to the winding up of DMH.
(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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Pursuant to Rule 406(3)(a) of the Catalist Rules, the Company will arrange for Mr Liu to attend the relevant training on the roles and responsibilities of a director of a listed issuer in Singapore as prescribed by the Exchange under Practice Note 4D of the Catalist Rules within one year from the date of his appointment to the Board.