Change - Announcement of Appointment::Redesignation of Mr Zhu as Non-Executive Director

Issuer & Securities

Issuer/ Manager
EMERGING TOWNS & CITIES SINGAPORE LTD.
Securities
EMERGING TOWNS&CITIES SING LTD - SG1DD5000009 - 1C0
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
22-Apr-2022 17:50:22
Status
New
Announcement Sub Title
Redesignation of Mr Zhu as Non-Executive Director
Announcement Reference
SG220422OTHRPT87
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST").

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assume 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 Bao Qing - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com

Additional Details

Date Of Appointment
28/04/2022
Name Of Person
Zhu Xiaolin
Age
50
Country Of Principal Residence
Singapore
Date of last re-appointment (if applicable)
28/04/2022
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
Mr Zhu Xiaolin is currently the Group President and Executive Director and member of Nominating and Corporate Governance Committee of the Company. The Board of Directors, having reviewed and considered Mr Zhu's educational and professional qualification, working experience, capabilities and ability to contribute to the Company and other relevant factors, approved the re-designation of Mr Zhu as Non-Executive Director of the Company. The re-designation will take effect after the close of the forthcoming AGM of the Company, subject to the re-election of Mr Zhu (who is due for re-election via rotation) at the forthcoming AGM.

The day-to-day operations of Golden Land Real Estate Development Co., Ltd. ("Golden Land") are carried out by the management team of Golden Land and the General Manager of Golden Land reports to its Board of Directors. Mr Zhu and Joseph are directors of Golden Land and Mr Zhu will remain as a director after his proposed cessation as Executive Director and Group President of ETC. Golden Land Board of Directors in turn reports to ETC Board of Directors.

The Board does not consider Mr Zhu to be independent for the purpose of Rule 704(7) of the Catalist Rules.
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-Executive Director, Chairman of Nominating and Corporate Governance Committee, and member of Audit Committee and Remuneration Committee
Professional qualifications
Certified Public Accountant

Degree in Economics, Southwest University of Finance and Economics in Chengdu City, Sichuan Province, People's Republic of China
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
2012 to Present:
Chairman, Golden Land Real Estate Development Co., Ltd (real estate)

2012 to Present:
Director, Uni Global Power Pte Ltd (real estate)

2010 to 2012:
CEO, China Polymetallic Mining Limited (mining)
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: 151,120,969 shares
Deemed interest: 49,269,895 shares
# 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)
Uni Global Power Investment Pte. Ltd.
Present
Uni Power Investment Pte. Ltd.
Uni Power Funding Management Pte. Ltd.
Uni Power Holding Pte. Ltd.
Grow Brilliant Limited
Asiabiz Services Limited
Uni Global Power Pte. Ltd.
Uni Global Power Limited
DAS Pte. Ltd.
Golden Land Real Estate Development Co., Ltd.
Wugang City Hechuang Hongye Enterprise Management Partnership (Limited Partnership)
(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
Mr Zhu Xiaolin was a Group President and Executive Director of Emerging Towns & Cities Singapore Ltd. since 2017.