News

---

Change - Announcement Of Appointment Of Legal Representative, Executive Director And Manager Of Subsidiaries

Announcement Title	Change - Announcement of Appointment
Date & Time of Broadcast	Dec 13, 2018 18:39
Status	New
Announcement Sub Title	Change of Legal Representative, Executive Director and Manager of Subsidiaries
Announcement Reference	SG181213OTHRZLJL
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)	Change of Legal Representative, Executive Director and Manager of principal subsidiaries of Dasin Retail Trust from Mr. Zhang Zhencheng to Mr. Zhang Zhongming. Sponsorship Statement: DBS Bank Ltd. ("DBS") was the Sole Financial Adviser, Global Coordinator and Issue Manager for the Initial Public Offering ("Offering"). DBS, Bank of China Limited, Singapore Branch and Haitong International Securities (Singapore) Pte. Ltd. were the Joint Bookrunners and Underwriters for the Offering.
Additional Details
Date Of Appointment	10/12/2018
Name Of Person	Zhang Zhongming
Age	29
Country Of Principal Residence	China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)	The Board of Directors reviewed the credentials, qualifications, experience, knowledge and contributions of Mr. Zhang Zhongming, and approved his appointment as Legal Representative, Executive Director and Manager of Zhongshan Xiaolan Dasin Xinduhui Commercial Management Co., Ltd. and Zhongshan Shiqi Dasin Xinduhui Commercial Management Co., Ltd., principal subsidiaries of Dasin Retail Trust.
Whether appointment is executive, and if so, the area of responsibility	Executive. Mr. Zhang Zhongming will have full executive responsibilities over the business directions and operational decisions in the day-to-day management of the companies.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)	Legal Representative, Executive Director and Manager of the companies.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries	Nephew of Mr Zhang Zhencheng, Chairman, Non-Executive Director, controlling shareholder of Dasin Retail Trust Management Pte. Ltd. and controlling unitholder of Dasin Retail Trust.
Conflict of interests (including any competing business)	Nil
Working experience and occupation(s) during the past 10 years	Mr. Zhang Zhongming has been a Non-Executive Director at Zhongshan Dasin Holdings Co., Ltd. from February 2015 to September 2015, and an Executive Director at Zhongshan Dasin Holdings Co., Ltd. since October 2015 till present, where he is responsible for analysing investment opportunities and assisting in the making of investment decisions of the company. From February 2013 to February 2015, he was the Assistant General Manager of Zhongshan Dasin Real Estate Co., Ltd (the Sponsor), where he was responsible for the feasibility and investment analysis of approximately 30 projects, which included the feasibility of the Guzhen Metro Mall project, Shangri-La hotel project and the Sponsor's proposed investment into Macau. From March 2012 to January 2013, he was the Assistant to the Deputy General Manager of the Sponsor, where he assisted the Deputy General Manager in the examination and analysis of the financial information of the Sponsor and its subsidiaries, and was also responsible for the preparation of the budgets for the various projects undertaken by the Sponsor. Prior to joining the Sponsor, from September 2011 to 2012, Mr. Zhang was the Assistant General Manager of Zhongshan Microfinance Co., Ltd., where he was responsible for building cooperative relationships with various banks, financial institutions and chambers of commerce, and overseeing the business risk analysis and investigation of various companies before procuring financing for those companies.
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 held by his wife.
# 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)	Not applicable
Present	Not applicable
(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?	Yes
If Yes, Please provide details of prior experience	Mr. Zhang Zhongming is currently a Director of Dasin Retail Trust Management Pte. Ltd. (trustee-manager of Dasin Retail Trust).