Change - Announcement of Appointment::Appointment of Lead Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
YANGZIJIANG FINANCIAL HOLDING LTD.
Securities
YANGZIJIANG FINANCIAL HOLDING LTD. - SGXE77102635 - YF8
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
27-Jun-2024 19:05:59
Status
New
Announcement Sub Title
Appointment of Lead Independent Non-Executive Director
Announcement Reference
SG240627OTHRL4XG
Submitted By (Co./ Ind. Name)
Ren Yuanlin
Designation
Executive Chairman and CEO
Description (Please provide a detailed description of the event in the box below)
Appointment of Lead Independent Non-Executive Director

Additional Details

Date Of Appointment
01/07/2024
Name Of Person
Chen Timothy Teck Leng
Age
69
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Board of Directors of the Company has reviewed and considered the qualifications, experience, and suitability of Mr Chen Timothy Teck Leng and upon the recommendation of the Nominating Committee, has approved the appointment of Mr Chen Timothy Teck Leng as Lead Independent Non-Executive Director 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.)
Lead Independent Non-Executive Director, Chairman of Audit and Risk Committee, a member of Nominating, Remuneration and Investment Committees.
Professional qualifications
- Bachelor of Science Degree from University of Tennessee
- Master of Business Administration Degree from Ohio State University
- Certified Corporate Director (ICD.D) designation from the Canadian Institute of Corporate Director
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
N.A.
Conflict of interests (including any competing business)
N.A.
Working experience and occupation(s) during the past 10 years
N.A.
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)
- Yangzijiang Shipbuilding (Holdings) Ltd.
- Tianjin Zhongxin Pharmaceutical Group Corporation Ltd.
- Sysma Holdings Limited.
- CCB Life Insurance Company Limited.
- Boldtek Holdings Ltd.
Present
Tye Soon Ltd.
(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
- Lead Independent Director and Chairman of the Audit and Risk Committee of Yangzijiang Shipbuilding (Holdings) Ltd from 2013 to 2024
- Non-Executive Chairman of Tye Soon Limited since 2016
- Chairman of Risk Management Committee of CCB Life Insurance Company Ltd from 2017 to 2023
- Independent Non-Executive Director of Boldtek Holdings Limited from 2012 to 2022
- Lead Independent Director of Sysma Holdings Limited from 2015 to 2020
- Lead Independent Director and Chairman of the Audit Committee of Tianjin Zhong Xin Pharmaceutical Group Corporation Ltd from 2014 to 2020
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)
N.A.