Corporate News
Change - Announcement Of Appointment Of Independent Non-Executive Director - Dr Jiang Maolin
Aug 24, 2023
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Aug 24, 2023 20:14 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Non-executive Director - Dr Jiang Maolin |
| Announcement Reference | SG230824OTHR7SL1 |
| Submitted By (Co./ Ind. Name) | Leung Hon Shing |
| Designation | Executive Director and Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Dr Jiang Maolin as Independent Non-executive Director |
| Additional Details | |
| Date Of Appointment | 23/08/2023 |
| Name Of Person | Jiang Maolin |
| Age | 58 |
| Country Of Principal Residence | Hong Kong |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Board has considered the Nomination Committee's recommendation and assessment on Dr. Jiang's background, qualifications, experience, independence and commitment, in considering his ability to discharge his duties as a Director of Willas-Array Electronics (Holdings) Limited, and being satisfied that he has the requisite capabilities to contribute to the Board, has approved his appointment. |
| Whether appointment is executive, and if so, the area of responsibility | Non-executive |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | INED, Member of AC, NC, RC and Compliance Committee Compliance Committee Chairman (with effect from November 1, 2023) |
| Professional qualifications | Member of Hong Kong Institute of Certified Public Accountants Associate of The Chartered Institute of Management Accountants Licence under the Securities and Futures Ordinance (Type 1: Dealing in Securities) Licence under the Securities and Futures Ordinance (Type 9: Asset Management) PhD in Law from Renmin University of China in 2020 Bachelor of Laws from The Manchester Metropolitan University in 2012 Degree of Master of Commerce in Professional Accounting from The University of New South Wales in 2001 |
| 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 | Director, Jinluo Investment Holding Pte. Ltd. (Nov 2022 - present) Director, Jinluo Securities Limited (May 2019 - present) Executive Director and General Manager, Qianhai Devin Capital Management (Shenzhen) Co. Ltd. and its affiliate companies (Jan 2016 - present) Director, Tin Tin International Holding Limited and its affiliate companies (Jul 2014 - present) Independent Non-executive Director, Enviro Energy International Holdings Limited (Oct 2018 - Jun 2019) Chairman, Yue Xiu Securities Holdings Limited (Mar 2012 - Feb 2015) |
| 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) | Independent Non-executive Director, Enviro Energy International Holdings Limited (Oct 2018 - Jun 2019) |
| Present | Director, Jinluo Investment Holding Pte. Ltd. (Nov 2022 - present) Director, Jinluo Securities Limited (May 2019 - present) Executive Director and General Manager, Qianhai Devin Capital Management (Shenzhen) Co. Ltd. and its affiliate companies (Jan 2016 - present) Director, Tin Tin International Holding Limited and its affiliate companies (Jul 2014 - present) |
| (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 Company will arrange for Dr. Jiang to undergo seminars and courses conducted by the Singapore Institute of Directors on the roles and responsibilities of a director of a listed company as prescribed by the Exchange. |
