News
23 Sep 2014
Change - Announcement Of Appointment Of Non-Executive Deputy Chairman
| Announcement Title | Change - Announcement of Appointment |
| Announcement Subtitle | Appointment of Non-Executive Deputy Chairman |
| Securities | YING LI INTL REAL ESTATE LTD (YINGLI) |
| Date & Time of Broadcast | Sep 23, 2014 19:25 |
| Submitted By | Fang Ming Executive Chairman |
| Description | Appointment of Non-Executive Deputy Chairman |
| Appointment Details | |
| Date of appointment | Sep 23, 2014 |
| Name of person | Pan Ying |
| Age | 44 |
| Country of principal residence | China |
| The Board's comments on this appointment | Pursuant to the Share Subscription Agreement entered into with Everbright Hero Limited dated 30 June 2014, the Company is required to procure the appointment of two directors (one of whom shall be the Deputy Chairman) nominated by the Subscriber to the Company's Board within five business days from the Share Subscription Completion. The Board having considered (i) the recommendation of the Nominating Committee; and (ii) Mr Pan Ying's qualifications and experience, is of the view that Mr Pan Ying has the requisite experience and capabilities to assume the responsibilities as a Non-Executive Deputy Chairman of the Company. |
| Whether appointment is executive, and if so, the area of responsibility | No |
| Job title | Non-Executive Deputy Chairman |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Save as disclosed, there is no conflict of interest. |
| Working experience and occupation(s) during the past 10 years | Mr Pan has more than 17 years of experience in private equity and investment and received a Bachelor of Arts in Economics from the Management School of Xi'an Jiaotong University in China. He is a member of the Management Decision Committee and is responsible for the real estate fund, institutional sales and financing business of China Everbright Limited ("CEL"). Prior to joining CEL, he worked for the Foreign Exchange Reserve Department of China's State Administration of Foreign Exchange (SAFE), and established SAFE Investment Company, Ltd., a wholly-owned subsidiary of the People's Bank of China which had assets under management of more than HKD20 billion, based in Hong Kong. Mr Pan joined Seagate Global Advisory Group, an asset management company in Los Angeles in 1998. In 2004, he co-founded SeaBright China Special Opportunities Fund ("SeaBright"), where he acted as CEO, with CEL. At SeaBright, he set up two funds that focused on investment opportunities in China, which invested more than USD150 million. |
| Shareholding interest in the listed issuer and its subsidiaries | No |
| Other Directorships | |
| Note: 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) | Nil |
| Present | Director of Everbright Prestige Capital Asset Management Limited Company; Director of Zhongshan Huayi Real Estate Development Limited Company; Director of Guangxi Huacheng Real Estate Investment Limited Company; Director of Zhongshan Huafa Shengtaiyuan Real Estate Development Limited Company; Director of Zhuhai Huafa Corporate Management Limited Company; Director of Zhuhai Huafa Information Consultancy Limited Company; Director of Chongqing Zhongang Real Estate Limited Company; Director of Beijing Tianjing Real Estate Development Limited Company; Director of Rongke CEL Shiye Development Limited Company. |
| Information Required Persuant To Listing Rule 704(7)(H) | |
| (a) Whether at any time during the past 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 any 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 with 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 |
| Information Required persuant to Listing Rule 704(7)(I) | |
| Note: Disclosure applicable to the appointment of Director only | |
| Any prior experience as a director of a listed company? | No |
| If yes, please provide full details | The Company will arrange for Mr Pan Ying to attend appropriate training courses to familiarise himself with the roles and responsibilities as a director of a listed company. |