Change - Announcement of Appointment::Re-designation of Executive Director
Issuer & Securities
Issuer/ Manager
FUXING CHINA GROUP LIMITED
Securities
FUXING CHINA GROUP LIMITED - BMG3705H2069 - AWK
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
01-Sep-2022 17:36:10
Status
New
Announcement Sub Title
Re-designation of Executive Director
Announcement Reference
SG220901OTHR4RRE
Submitted By (Co./ Ind. Name)
Hong Qing Liang
Designation
Executive Director & CEO
Description (Please provide a detailed description of the event in the box below)
Re-designation of Executive Director of Administration to Executive Director of Finance and Administration.
Additional Details
Date Of Appointment
01/09/2022
Name Of Person
Hong Peng You
Age
52
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 Hong Peng You ("Mr Hong") is the Group's current Director of Administration. He will be re-designated as the Director of Finance and Administration and will oversee the finance, budget and internal control matters of the Fuxing group of Companies (the "Group") with effect from 1 September 2022. Mr Ma Chor Lung would relinquish his existing position as Chief Financial Officer of the Company and would be re-designated as Assistant to the Director of Finance and Administration with effect from 1 September 2022.
The aforesaid re-designations are proposed to be undertaken pursuant to an internal review of the senior management structure of the Group to facilitate preparations for the proposed secondary listing on the NASDAQ Stock Market.
The Board of Directors of the Company (excluding Mr Hong), having considered the rationale for the aforesaid re-designations and the experience and qualifications of Mr Hong, concurs with the Audit Committee and Nominating Committee in respect of the re-designation of Mr Hong and has approved the same.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Hong will oversee the finance, budget, internal control and administration matters of the Group.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director of Finance and Administration
Professional qualifications
Registered accountant with Jinjiang City Finance Bureau and a senior tax planner
Certified Senior Accountant (International Profession Certification Association)
Certified Chief Accountant (China Association of Chief Accountants)
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
Mr Hong assumed the position of Financial Manager of the Group in 2004 and was subsequently appointed as Deputy General Manager in 2005 and took charge of all finance and administration matters. He was appointed as an Executive Director of the Company in December 2006.
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
372,000 ordinary shares held through bank nominees.
# 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
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
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Executive Director of the Company
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