Change - Announcement of Appointment::Appointment of Executive Director, Chairman of the Board and Changes to the Board Composition

Issuer & Securities

Issuer/ Manager
CHINA EVERBRIGHT WATER LIMITED
Securities
CHINA EVERBRIGHT WATER LIMITED - BMG2116Y1057 - U9E
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
24-Sep-2021 17:51:40
Status
New
Announcement Sub Title
Appointment of Executive Director, Chairman of the Board and Changes to the Board Composition
Announcement Reference
SG210924OTHR9UXO
Submitted By (Co./ Ind. Name)
An Xuesong
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr. Hu Yanguo as an Executive Director, the Chairman of the Board, the Chairman of the Strategy Committee and a member of the Nominating Committee

Additional Details

Date Of Appointment
05/10/2021
Name Of Person
Hu Yanguo
Age
54
Country Of Principal Residence
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Upon recommendation of the Nominating Committee, which had reviewed qualification and experience of Mr. Hu Yanguo, the Board of Directors approved his appointment as the Executive Director, Chairman of the Board, Chairman of the Strategy Committee and member of the Nominating Committee of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director, Chairman of the Board, Chairman of the Strategy Committee and Member of the Nominating Committee
Professional qualifications
Bachelor's Degree in Mathematics, Master's Degree in Forestry Economy and Management from Northeast Forestry University in the People's Republic of China (the "PRC")
Certified Public Accountant in the PRC
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. Hu is the Executive Director and Vice President of China Everbright Environment Group Limited, the indirect controlling shareholder of the Company
Conflict of interests (including any competing business)
No
Working experience and occupation(s) during the past 10 years
Jan 2018 - Present
China Everbright Environment Group Limited, Executive Director

Apr 2016 - Dec 2017
China Everbright Greentech Limited, Non-Executive Director

Jan 2015 - Present
Everbright Environmental Protection (China) Limited, General Manager

Aug 2012 - Dec 2014
Everbright Environmental Protection (China) Limited, Deputy General Manager

Apr 2010 - Present
China Everbright Environment Group Limited, Vice President
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?
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)
Directorships:
Please refer to the attachment for the details of past directorships.

Principal Commitments:
China Everbright Greentech Limited, Non-Executive Director
Present
Directorships:
Please refer to the attachment for the details of present directorships.

Principal Commitments:
1. China Everbright Environment Group Limited, Executive Director and Vice President
2. Everbright Environmental Protection (China) Limited, General Manager
(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
Details please refer to the answers to the question (k) below.
(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?
Yes
If Yes, Please provide full details
Mr. Hu was a director of Qinghai Xiancheng Industry Stock Co., Ltd.* (now known as Qinghai Spring Medicinal Resources Technology Co., Ltd.*) ("Xiancheng Industry") (listed on Shanghai Stock Exchange ("SSE")) from Jun 2001 to Apr 2006, during which Xiancheng Industry did not timely disclose its external guarantee, and thus Xiancheng Industry did not comply with the listing rules of SSE and breached the Securities Law of the PRC (the "Incidents"). Xiancheng Industry was publicly reprimanded by SSE and warned by China Securities Regulatory Commission ("CSRC") with a fine of RMB300,000. As advised by Mr. Hu, although the Incidents were caused by untimely disclosure of the external guarantee by Xiancheng Industry, Mr. Hu was criticized by SSE and warned by CSRC with a fine of RMB30,000 since he was the then director of Xiancheng Industry. So far as the Company is aware, there is no evidence that the Incidents involved any act of dishonesty, fraudulence or issue of integrity of Mr. Hu which would affect his suitability as a director of a listed company; and the Incidents occurred more than 10 years ago. Mr. Hu has not received any further correspondences from the relevant regulatory authorities in connection with any further investigation by any judicial, regulatory or governmental authority in relation to the Incidents. The Board considers that Mr. Hu is competent and suitable to act as a Director and he possesses the experience, skill and character to be an Executive Director.
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
However, Mr Hu. has prior experience as a director of the following companies listed on the Stock Exchange of Hong Kong Limited:

China Everbright Environment Group Limited (Stock Code: 257.HK) - Executive Director and Vice President
China Everbright Greentech Limited (Stock Code: 1257.HK) - Non-Executive Director

Mr. Hu will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange.

Attachments

Mr._Hu_Yanguo_-_Details_of_Past_Directorships.pdf
Mr._Hu_Yanguo_-_Details_of_Present_Directorships.pdf
Total size =34K