Appointment of Executive Director and Chief Executive Officer
Related Announcements
| Change – Announcement of Appointment::Appointment of Executive Director and Chief Executive Officer | |
| Issuer/ Securities | |
| Issuer/ Manager | HALCYON AGRI CORPORATION LIMITED |
| Securities | HALCYON AGRI CORPORATION LTD – SG2F48989824 – 5VJ |
| Stapled Security | No |
| Announcement Details | |
| Announcement Title | Change – Announcement of Appointment |
| Date & Time of Broadcast | 26-Jun-2020 21:41:49 |
| Status | New |
| Announcement Sub Title | Appointment of Executive Director and Chief Executive Officer |
| Announcement Reference | SG200626OTHR0YCQ |
| Submitted By | Liew Guat Yi |
| Designation | Company Secretary |
| Description | Appointment of Mr Li Xuetao as Executive Director and Chief Executive Officer (“CEO”) of the Company. |
| Additional Details | |
| Date of Appointment | 26/06/2020 |
| Name of Person | Li Xuetao |
| Age | 50 |
| 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 (“Board”) of the Company has on 23 June 2020, received the proposal from Sinochem International (Overseas) Pte. Ltd. relating to the appointment of Mr Li Xuetao as Executive Director and CEO of the Company. The appointment of Mr Li as Executive Director and CEO was approved in the meeting of the Board held on 26 June 2020. |
| Whether appointment is executive, and if so, the area of responsibility | Executive, Mr Li will be in charge of formulating and executing the business strategy of the Group, and of overseeing its day-today management. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director and CEO |
| Professional qualifications |
(1) Mr Li attended the events organised by the Singapore Institute of Director (SID) in March, April and September of 2015, namely, Listed Company Director Essentials; Understanding of the Regulatory Environment in Singapore – What Every Director Ought to Know; Nominating Committee Essentials; SID-ISCA Director’s Financial Reporting Essentials. (2) On 24 and 25 November 2007, Mr Li attended the training on the roles and responsibilities of a director and a senior management of a company listed on the China’s Stock Exchange organised by the Security Bureau of Shanghai. (3) Mr Li has obtained the qualification of SICOM futures trading in 2009. (4) Mr Li has obtained the qualification of Shanghai Futures Exchange (SHFE) futures trading in 2003. |
| 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 | No |
| Conflict of interests (including any competing business) | No |
| Working experience and occupation(s) during the past 10 years | (1) February 2017 to Present: Director of Strategic Synergy Department of Chemical SBU of Sinochem Group and Deputy Director of Strategy Development Department of Sinochem International Corporation (“SIC”).
(2) March 2015 to January 2017: CEO and Executive Director of GMG Global Ltd (“GMG”). GMG is a Singapore-based natural rubber producer with integrated capabilities extending from planting, cultivating, tapping and processing, to the marketing and exporting of natural rubber. GMG was listed on the Mainboard of the Singapore Exchange. (3) January 2013 to February 2015: Vice President of SIC and CEO of Trading and Distribution Business Division. (4) August 2011 to January 2013: Vice President of SIC, Chairman of Risk Management Committee and General Counsel, in charge of Risk Management Department, Legal Department, Department of Futures and Derivatives Management, Department of Industry Sites Management and Department of Environment, Health and Safety. (5) September 2008 to August 2011: Executive Director, Chief Operating Officer and Vice President of GMG. (6) January 2003 to July 2008: General Manager of Rubber Business SBU of SIC. |
| 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) | (1) March 2015 to January 2017: CEO and Executive Director of GMG.
(2) January 2013 to February 2015: Vice President of SIC and CEO of Trading and Distribution Business Division. |
| Present | February 2017 to Present: Director of Strategic Synergy Department of Chemical SBU of Sinochem Group and Deputy Director of Strategy Development Department of SIC |
| (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 | (1) March 2015 to January 2017: CEO and Executive Director of GMG
(2) September 2008 to August 2011: Executive Director, Chief Operating Officer and Vice President of GMG. |
| 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 |