Change - Announcement of Appointment::Appointment of Executive Director, Liu Ming

Issuer & Securities

Issuer/ Manager
SHANGHAI TURBO ENTERPRISES LTD
Securities
SHANGHAI TURBO ENTERPRISES LTD - KYG8064W1160 - AWM
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Mar-2023 20:34:45
Status
New
Announcement Sub Title
Appointment of Executive Director, Liu Ming
Announcement Reference
SG230303OTHRFP8L
Submitted By (Co./ Ind. Name)
Chong Eng Wee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below.

Additional Details

Date Of Appointment
03/03/2023
Name Of Person
Liu Ming
Age
49
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)
Mr Liu was formerly the Group's Chief Executive Officer and Executive Director of the Company. Mr Liu has rich experience in the field of blade production and has a good understanding of the various business conditions of the Company's principal subsidiary, Changzhou 3D Technological Complete Set Equipment Co., Limited ("CZ3D"). In view of the foregoing, Mr Liu was employed as the chief consultant of CZ3D with effect from 1 August 2021 to assist the general manager to carry out CZ3D's marketing, production, technology, quality management, and other related work for a term of two years. The efforts of Mr Liu had led to a significant improvement in the financial performance of CZ3D and the Group. Having assessed Mr Liu's background, qualification and his prior working experience with the Group, the board of directors of the Company, having considered the recommendation of the Nominating Committee, is of the view that Mr Liu has the requisite experience and capabilities to assume the duties and responsibilities as the Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive Director. To oversee the operations of the business, both locally and overseas, to ensure significant improvement in business performance.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director
Professional qualifications
- Diploma in Jiangsu Province Foodstuff Technical School
- Certification in Corporate Management at Tsinghua 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
No
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
1997 - 1999 - Quality Supervisor of Changzhou 3D Technological Complete Set Equipment Co., Limited
1999 - 2017 - General Manager and Executive Director of Changzhou 3D Technological Complete Set Equipment Co., Limited
2006 - 2017 - Chief Executive Officer and Executive Director of Shanghai Turbo Enterprises Ltd
2021 - 2023 - Chief Consultant of Changzhou 3D Technological Complete Set Equipment Co., Limited
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 8,240,000 ordinary shares in Shanghai Turbo Enterprises Ltd
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# 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)
1999 - 2017 Executive Director of Changzhou 3D Technological Complete Set Equipment Co., Limited
2006 - 2017 CEO and Executive Director of Shanghai Turbo Enterprises Ltd
Present
Nil
(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
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
CEO and Executive Director of Shanghai Turbo Enterprises 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