ANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE CHAIRMAN *
* Asterisks denote mandatory information
Name of Announcer *
SUN EAST GROUP LIMITED
Company Registration No.
35733
Announcement submitted on behalf of
SUN EAST GROUP LIMITED
Announcement is submitted with respect to *
SUN EAST GROUP LIMITED
Announcement is submitted by *
Ong Beng Hong
Designation *
Company Secretary
Date & Time of Broadcast
18-Jan-2012 23:39:04
Announcement No.
00148
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Date of Appointment *
04-01-2012
Name of Person*
Ye Jianming
Age *
34
Country of principal residence *
China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) *
In line with the Code of Corporate Governance 2005, Mr Ye was nominated and assessed by the Nominating Committee. On the recommendation of the Nominating Committee, the Board approved of Mr Ye's appointment as Executive Chairman based on his qualifications and experience
Whether appointment is executive, and if so, the area of responsibility *
Executive Position. Mr Ye shall be responsible for overseeing the strategic directions and growth of Sun East Group Limited and its subsidiaries.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Working experience and occupation(s) during the past 10 years *
2003 - 2005: CAIFC Shanghai, Deputy Secretary-General 2006: Zhongneng Fund Association Corporation, Deputy Manager 2006: Fujian Huaxin Holdings Co., Ltd, Founder and Chairman of the Board of Directors 2007-2008: Shanghai Zhenrong Co., Ltd, Chairman of the Board of Directors. In charge of Huaxin Petrol Co.Ltd acquisition project, and became the Chairman of Huaxin Petrol Co.Ltd 2008: Chairman of the Board of Shanghai Huaxin Petrol Co.Ltd 2009-2010: CEFC, Chairman of the Board of Directors 2011: Singapore Petrol Development Pte Ltd, Founder and Chairman of the Board of Directors
Interest * in the listed issuer and its subsidiaries *
As Mr Ye Jianming is the sole shareholder of Singapore Petrol Development Co. Pte. Ltd., he is deemed interested in the 2,681,017,705 ordinary shares held by Singapore Petrol Development Co. Pte. Ltd. (comprising approximately 76.58% of the issued and paid-up share capital of Sun East Group Limited).
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
None
Conflict of interests (including any competing business) *
None
>> OTHER DIRECTORSHIP#
# 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)
As disclosed above
Present
As disclosed above
>> INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)
Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.
(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?
