Change - Announcement of Appointment::RE-DESIGNATION OF MS. XIE MING FROM EXECUTIVE CHAIRMAN TO NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN

Issuer & Securities

Issuer/ Manager
ANCHUN INTERNATIONAL HOLDINGS LTD.
Securities
ANCHUN INTERNATIONAL HLDGS LTD - SG1CI5000000 - BTX
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
30-Nov-2020 17:42:37
Status
New
Announcement Sub Title
RE-DESIGNATION OF MS. XIE MING FROM EXECUTIVE CHAIRMAN TO NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN
Announcement Reference
SG201130OTHRUSA9
Submitted By (Co./ Ind. Name)
XIE MING
Designation
EXECUTIVE CHAIRMAN
Effective Date and Time of the event
30/11/2020 17:00:00
Description (Please provide a detailed description of the event in the box below)
Please refer to this announcement.

Additional Details

Date Of Appointment
01/12/2020
Name Of Person
XIE MING
Age
47
Country Of Principal Residence
United States of America
Date of last re-appointment (if applicable)
26/04/2019
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Ms. Xie Ming has notified both the Nominating Committee and the Board of her intention to relinquish her existing executive position and to re-designate her existing position from Executive Chairman to Non-Independent Non-Executive Chairman.

The Nominating Committee and the Board, having considered the request from Ms. Xie Ming, have acceded to her request. Ms. Xie Ming will remain on the Board and re-designated as Non-Independent Non-Executive Chairman of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Independent Non-Executive Chairman
Professional qualifications
(i) Bachelor's Degree in Specialty Chemical Engineering from Jiangsu Institute of Petrochemical and Chemical Engineering, China
(ii) Master Degree in Science from Department of Chemistry, University of Louisiana at Monroe, USA
(iii) Executive Master of Business Administration from Rice University, USA
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
Ms. Xie Ming is the daughter of Mr. Xie DingZhong, the Non-Executive Director of the Company.
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Ms Xie Ming was appointed to the Board on 2 November 2009 and become the Executive Director and Chief Executive Officer on 1 March 2014.

Subsequently, Ms. Xie Ming was re-designated from Executive Director and Chief Executive Officer to Executive Chairman on 1 June 2018.
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
10,800,000 Ordinary Shares
(22.41% deemed interest via Ace Sense Holdings Limited)
# 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)
Nil
Present
(a) Anchun International Holdings Ltd.
(b) Ace Sense Holdings Limited
(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
Director of Anchun International Holdings Ltd.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not Applicable