News
Change - Announcement Of Appointment Of Alternate Director
BackJan 09, 2023
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jan 9, 2023 23:29 |
| Status | New |
| Announcement Sub Title | Appointment of Alternate Director |
| Announcement Reference | SG230109OTHRR6MD |
| Submitted By (Co./ Ind. Name) | Ng Mun Fai |
| Designation | Chief Financial Officer |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Alternate Director to Mr Zhang Zhencheng |
| Additional Details | |
| Date Of Appointment | 09/01/2023 |
| Name Of Person | Zhang Zhongming |
| Age | 33 |
| 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) | The Board of Directors, having reviewed and considered the qualification and work experience of Mr Zhang Zhongming, and upon the recommendation of the Nominating Committee, approved his appointment as Alternator Director (to Mr Zhang Zhencheng) of Dasin Retail Trust Management Pte Ltd, the Trustee-Manager of Dasin Retail Trust. |
| Whether appointment is executive, and if so, the area of responsibility | Non-Executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Alternate Director |
| Professional qualifications | Master of Mathematics, University of Oxford |
| 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 Zhang Zhongming is the nephew of Mr Zhang Zhencheng, who is a non-executive director and shareholder of Dasin Retail Trust Management Pte Ltd and a controlling unitholder of Dasin Retail Trust. |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | 1. Dasin Retail Trust Management Pte. Ltd. (the trustee-manager of Dasin Retail Trust) - Deputy Chairman and Non-Executive Director (October 2015 to October 2021) 2. Zhongshan Dasin Holdings Co. Ltd. - Non-Executive Director (February 2015 to September 2015) 3. Zhongshan Dasin Holdings Co., Ltd - Executive Director (October 2015 to present) 4. Zhongshan Dasin Real Estate Co., Ltd. - Assistant General Manager (February 2013 to February 2015) 5. Zhongshan Dasin Real Estate Co., Ltd. - Assistant to Deputy General Manager (March 2012 to January 2013) |
| 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 | Mr Zhang Zhongming is deemed to be interested in 3,966,200 units of Dasin Retail Trust held by a family trust, where his spouse has the power to make investment decision |
| # 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) | Please refer to Appendix 1 |
| Present | Please refer to Appendix 1 |
| (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 | Dasin Retail Trust Management Pte Ltd (the trustee-manager of Dasin Retail Trust) (2015-2021) - Deputy Chairman and Non-Executive Director - Member of the Remuneration Committee |
| 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) | Not applicable |
Attachments
- Appendix 1 (Size: 387,400 bytes)