| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Oct 17, 2023 17:27 |
| Status | New |
| Announcement Sub Title | Announcement of Appointment of Executive and Strategy Director - Mr. Yang Li |
| Announcement Reference | SG231017OTHRA6BQ |
| 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 and Strategy Director - Mr. Yang Li 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 Li |
| Age | 35 |
| 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 Li's ("Mr. Yang") qualifications and experience, is of the view that he has the requisite experience and capability to assume the responsibilities of Executive and Strategy Director of Bacui Technologies International Ltd. |
| Whether appointment is executive, and if so, the area of responsibility |
Executive - Assisting the Executive Director, Mr. Yang Ran, in implementing the Group's strategies; - Developing Group's strategic plans; - Collaborating with cross-functional teams; - Defining key performance indicators; - Co-ordinating budgeting processes; - Identifying risk and opportunities; and - Customer and government relationship management. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Executive and Strategy Director |
| Professional qualifications |
Sun Yat Sen University, China Master of Business Administration Guangdong University of Finance and Economics, China Bachelor of Business Administration, Majoring in Marketing |
| 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 Ran who is to be appointed as Executive Director of the Company. |
| Conflict of interests (including any competing business) | NIL. For disclosure, Mr. Yang Ran (brother of Mr. Yang) holds shares in other entities which are in similar businesses 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. Mr. Yang holds 0.01% interest in these entities. |
| Working experience and occupation(s) during the past 10 years |
Mar 2023 - Present Legal Representative, Executive Director and Manager Foshan Yicui Business Service Co Ltd Mar 2023 - Present Legal Representative, Executive Director and Manager Foshan Shengcui Investment Service Co Ltd Mar 2023 - Present Legal Representative, Executive Director and Manager Foshan Nafu Logistics Management Co Ltd Mar 2023 - Present Legal Representative, Executive Director and Manager Foshan Shunde Yuntai Enterprise Management Service Co Ltd Mar 2023 - Present Legal Representative, Executive Director and Manager Foshan Shengshuo Logistics Management Service Co Ltd Mar 2023 - Present Legal Representative, Executive Director and Manager Foshan Shengcui Logistics Management Service Co Ltd Jan 2023 - Present Legal Representative, Executive Director and Manager Foshan Best Jingyi Logistics Management Service Co Ltd Jan 2023 - Present Legal Representative, Executive Director and Manager Foshan Intellect Jingying Enterprise Service Co Ltd Jan 2023 - Present Legal Representative, Executive Director and Manager Foshan Shunde Intellect Jingyi Industrial Investment Co Ltd Jan 2023 - Present Legal Representative, Executive Director and Manager Foshan Xinlong Zhigu Enterprise Service Co Ltd Jan 2023 - Present Legal Representative, Executive Director and Manager Foshan Xinlong Yukang Management Service Co Ltd Nov 2022 - Present Legal Representative, Executive Director and Manager Foshan Xinlong Xuegu Enterprise Service Co Ltd Sep 2022 - Present Legal Representative, Executive Director and Manager Foshan Xinlong Zhuoyue Technology Service Co Ltd Jul 2021 - Present Legal Representative, Executive Director and General Manager Nafu (Shenzhen) Technology Education Co Ltd Jul 2020 - Present Legal Representative, Executive Director and Manager Foshan Shunde Dingjia Energy Technology Co Ltd Jul 2020 - Present Legal Representative, Executive Director and Manager Foshan Shunde Kaihong Enterprise Management Service Co Ltd Apr 2018 - Present Legal Representative, Executive Director and Manager Foshan Shunde Best Xuegu Technology Co Ltd Apr 2018 - Present Legal Representative, Executive Director and Manager Foshan Shunde Best Zhigu Technology Co Ltd Oct 2017 - Present Chief Financial Officer Foshan Shunde District Bacui Human Resources Co., Ltd. and other related companies Aug 2014 - Present Legal Representative, Executive Director and Manager Foshan Shunde Shengshang Education Consulting Service Co Ltd Feb 2015 - Sep 2017 Chief Financial Officer Guangdong Best Education Group Nov 2013 - Aug 2014 Legal Representative, Executive Director and Manager Foshan Yukang Logistics Management Co Ltd July 2013 - Jan 2015 Deputy General Manager Guangdong Yintai Financial Services 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? | 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) | Not applicable |
| Present |
Mar 2023 - Present Executive Director - Foshan Shengshuo Logistics Management Service Co Ltd - Foshan Shengcui Logistics Management Service Co Ltd - Foshan Shunde Yuntai Enterprise Management Service Co Ltd - Foshan Yicui Business Service Co Ltd - Foshan Shengcui Investment Service Co Ltd - Foshan Nafu Logistics Management Co Ltd Jan 2023 - Present Executive Director - Foshan Best Jingyi Logistics Management Service Co Ltd - Foshan Intellect Jingying Enterprise Service Co Ltd - Foshan Shunde Intellect Jingyi Industrial Investment Co Ltd - Foshan Xinlong Zhigu Enterprise Service Co Ltd - Foshan Xinlong Yukang Management Service Co Ltd Nov 2022 - Present Executive Director Foshan Xinlong Xuegu Enterprise Service Co Ltd Sep 2022 - Present Executive Director Foshan Xinlong Zhuoyue Technology Service Co Ltd Jul 2021 - Present Executive Director Nafu (Shenzhen) Technology Education Co Ltd Jul 2020 - Present Executive Director - Foshan Shunde Dingjia Energy Technology Co Ltd - Foshan Shunde Kaihong Enterprise Management Service Co Ltd May 2019 - Present Director Foshan Shunde Lunjiao Best Experimental Kindergarten Co Ltd Apr 2018 - Present Executive Director - Foshan Shunde Best Xuegu Technology Co Ltd - Foshan Shunde Best Zhigu Technology Co Ltd Oct 2017 - Present Executive Director Guangdong Best Education Group Oct 2017 - Present Chief Financial Officer Foshan Shunde District Bacui Human Resources Co., Ltd. and other related companies Mar 2017 - Present Executive Director Foshan Intellect Business Service Co Ltd Jan 2017 - Present Executive Director - Guangdong Yintai Financial Services Co., LTD - Guangdong Kangxin Property Management Co Ltd Aug 2014 - Present Executive Director Foshan Shunde Shengshang Education Consulting Service 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. |