News

Change - Announcement Of Appointment Of Non-Executive Director

BackApr 17, 2017
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Apr 17, 2017 17:33
Status New
Announcement Sub Title APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Announcement Reference SG170417OTHRBNDZ
Submitted By (Co./ Ind. Name) Lim Mee Fun
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Additional Details
Date Of Appointment 17/04/2017
Name Of Person Zhang Haibo
Age 56
Country Of Principal Residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Pursuant to the terms of the Sale & Purchase Agreement dated 4 April 2017, SZ Offshore Investment Pte. Ltd. is entitled to appoint a nominee director to the board of directors of the Company (the "Board"). In connection therewith, the Board has reviewed the credentials and experience of Mr. Zhang Haibo and has approved, with recommendation from the Nominating Committee of the Company, the appointment of Mr. Zhang Haibo as Non-Executive Director of the Company. The Board believes the qualifications and experience of Mr. Zhang Haibo will enhance the experience of the Board as a whole.
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
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries None
Conflict of interests (including any competing business) None
Working experience and occupation(s) during the past 10 years 2015 - Present, General Manager of PTS CAPITAL PTE. LTD.
1997 - 2015, Chairman and General Manager of LONGKOU HAIMENG MACHINERY CO., LTD
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 153,846,150 shares in the capital of the Company held by SZ Offshore Investment Pte Ltd.
# 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) LONGKOU HAIMENG MACHINERY CO., LTD
Present SZ OFFSHORE INVESTMENT PTE.LTD.
PTS CAPITAL PTE. LTD.
BRAKE PARTS INC
(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 a listed company? No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company Mr Zhang does not have prior experience as director of a public listed company. The Company will arrange for Mr Zhang to attend seminars and courses on the roles and responsibilities of a director of a listed company.