| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Oct 17, 2023 17:23 |
| Status | New |
| Announcement Sub Title | Announcement of Appointment of Executive Director - Mr. Yang Ran |
| Announcement Reference | SG231017OTHRDO0P |
| Submitted By (Co./ Ind. Name) | Ng Kai Man |
| Designation | Executive Director |
| Description (Please provide a detailed description of the event in the box below) |
Appointment of Executive Director - Mr. Yang Ran This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Ms Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg. |
| Additional Details | |
| Date Of Appointment | 17/10/2023 |
| Name Of Person | Yang Ran |
| Age | 46 |
| 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 ("Board"), having considered the recommendation of the Nominating Committee and assessment of Mr. Yang Ran's ("Mr. Yang") qualifications and experience, is of the view that he has the requisite experience and capability to assume the responsibilities of an Executive Director of Bacui Technologies International Ltd. |
| Whether appointment is executive, and if so, the area of responsibility | Yes, Mr. Yang will be setting the strategic directions of the Group and involved in overall Group management. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive Director |
| Professional qualifications |
- European University, Switzerland, Doctor of Business Administration - Shanghai Jiao Tong University, China, Master of Business Administration |
| 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 | Brother of Mr. Yang Li who is to be appointed as Executive and Strategy Director of the Company. |
| Conflict of interests (including any competing business) | NIL. For disclosure, Mr. Yang holds shares in other entities which are in businesses similar to that of the Company's subsidiaries. These businesses are located and operating in different districts to that of the Company's subsidiaries. Due to the localised nature of the new core businesses, the geographical locations form a natural boundary which deters conflicts of interest. |
| Working experience and occupation(s) during the past 10 years |
Sep 2022 - Present Legal Representative, Executive Director and Manager Foshan Shunde Xinlong Jingyi Enterprise Service Co., LTD Jun 2021 - Present Executive Partner Foshan Yukang Network Technology Service Partnership May 2019 - Present Chairman Foshan Shunde Lunjiao Best Experimental Kindergarten Co Ltd Feb 2017 - Present Legal Representative, Executive Director and General Manager Foshan Shunde District Yisheng Education Service Co., LTD Feb 2015 - Present Chairman Guangdong Best Education Group Jan 2011 - Present Legal Representative, Executive Director and Manager Guangdong Best Education Group Mar 2005 - Present Director Shunde Yangzheng School Feb 2005 - Present Managing Director Foshan Shunde Yijun Education Investment Co., LTD Feb 2016 - Sep 2016 Responsible Person (Principal) Foshan Yinghuang Education Service Co Ltd Lecong Branch Nov 2013 - May 2018 Supervisor Foshan Yukang Logistics Management Co Ltd Jan 2012 - Mar 2017 Executive Director and Manager Foshan Shunde Shunda Best Education Training Co Ltd Jul 2011 - Apr 2020 Legal Representative Foshan Shunde Best Education Management Co Ltd Jul 2011 - May 2020 Executive Director and Manager Foshan Shunde Best Education Management Co Ltd Nov 2010 - Dec 2018 Supervisor Foshan Shunde Zhuoyue Education Consulting Service Co Ltd Nov 2010 - July 2017 Legal Representative Foshan Shunde Huajiao Best Education Investment Co Ltd Nov 2010 - Mar 2017 Executive Director and Manager Foshan Shunde Huajiao Best Education Investment Co Ltd Jul 2010 - Oct 2018 Legal Representative Foshan Shunde Best Education Service Co Ltd Oct 2006 - Mar 2016 Legal Representative Foshan Yinghuang Education Service Co Ltd Jul 2005 - May 2018 Legal Representative Foshan Shunde Yijun Education Investment Co., LTD |
| 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 | Deemed to be interested in 155,555,555 Shares held by Xinlong Investment Holding Limited |
| # 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 |
Mar 2023 - Present Director - Yintai Elitist Investment Limited - Yintai International Management Investment Limited - Bacui Management Investment Limited Jan 2023 - Present Director - Xinlong Investment Holding Limited - Xinlong Development Limited - Yintai Excellence Service Limited - Elitist International Investment Holding Limited - Bacui Elitist Technology Limited Sep 2022 - Present Executive Director Foshan Shunde Xinlong Jingyi Enterprise Service Co., LTD June 2021 - Present Executive Partner Foshan Yukang Network Technology Service Partnership May 2019 - Present Chairman Foshan Shunde Lunjiao Best Experimental Kindergarten Co Ltd Feb 2017 - Present Executive Director Foshan Shunde District Yisheng Education Service Co., LTD Feb 2015 - Present Chairman Guandong Best Education Group Jul 2011 - Present Executive Director Foshan Shunde Best Education Management Co Ltd Jan 2011 - Present Executive Director Guandong Best Education Group Mar 2005 - Present Director Shunde Yangzheng School Feb 2005 - Present Managing Director Foshan Shunde Yijun Education Investment Co., LTD Dec 2004 - Present Director Foshan Shunde Yirun Education Investment Co 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 | N.A. |
| 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) | Pursuant to Rule 406(3)(a) of the Catalist Rules, the Company will arrange for Mr. Yang to attend the relevant training on the roles and responsibilities of a director of a listed issuer in Singapore prescribed by the Exchange under Practice Note 4D of the Catalist Rules within one year from the date of his appointment to the Board. |