| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jan 14, 2022 17:18 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Director |
| Announcement Reference | SG220114OTHRJBIP |
| Submitted By (Co./ Ind. Name) | Wang Heng |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Independent Director |
| Additional Details | |
| Date Of Appointment | 14/01/2022 |
| Name Of Person | ZHANG WEIGUO |
| Age | 55 |
| Country Of Principal Residence | Canada |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board of Directors, having considered the recommendation of the Nominating Committee and having reviewed and considered the qualifications, working experience and suitability of Mr ZHANG WEIGUO, is of the view that Mr ZHANG WEIGUO has the requisite experience and capability to assume the responsibility as an Independent Director of the Company. Accordingly, the Board of Directors approved the appointment of Mr ZHANG WEIGUO as an Independent 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.) | Independent Director, the Chairman of the Remuneration Committee, a member of the Audit and Risk Committee, a member of the Nominating Committee |
| Professional qualifications | Bachelor of Marine Engineering Management, Dalian Maritime University, China Master's Degree in International Trade, Ocean University of China Master's Degree in Senior Business Administration, Guanghua School of Management, Peking University PhD in Marxism Sinicization studies, School of Humanities and Social Sciences, Dalian Maritime University, China |
| 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 | NIL |
| Conflict of interests (including any competing business) | NIL |
| Working experience and occupation(s) during the past 10 years | May 2011 - April 2013: Director and President of Shandong Shipping Corporation April 2013 - October 2015: Professor, Doctoral Supervisor, College of Transportation Management, Dalian Maritime University, China Director of World Maritime Research Center, Dalian Maritime University, China September 2013 - September 2016: Visiting Scholar, Beedie School of Business, Jack Austin Centre for Asia Pacific Business Studies, Simon Fraser University, Canada 2015 - 2017: Researcher at the Institute of Strategic Research, Peking University, China September 2016 - September 2019: Researcher, Beedie School of Business, Jack Austin Centre for Asia Pacific Business Studies, Simon Fraser University, Canada September 2019 - September 2021: Visiting Scholar, Beedie School of Business, Jack Austin Centre for Asia Pacific Business Studies, Simon Fraser University, Canada 2016 - Present: Visiting Professor, College of Transportation Management, Dalian Maritime University, China 2016 - Present: Chief Researcher of GBIC (Grizzly Bear Institute Centre, Canada) |
| 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) | NIL |
| Present | 2015 - Present: Director - Tedbear Consulting Corporation, BC, Canada 2015 - Present: Director - Archiact Interactive Ltd., BC, Canada 2018 - Present: Director - Zhang Jiawei Research Fund for Niche Behavioral Economics Ltd 2019 - Present: Director - Niche Foundation 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? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | The director will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. |
