English

Change - Announcement Of Appointment :: Appointment Of Mr Ye Binlin As Executive Director And Chief Financial Officer

BackAug 11, 2017
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast Aug 11, 2017 18:32
Status New
Announcement Sub Title Appointment of Mr Ye Binlin as Executive Director and Chief Financial Officer
Announcement Reference SG170811OTHR424S
Submitted By (Co./ Ind. Name) Zhao Guang Ming
Designation Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below) Appointment of Mr Ye Binlin as Executive Director and Chief Financial Officer
Additional Details
Date Of Appointment 11/08/2017
Name Of Person Ye Binlin
Age 51
Country Of Principal Residence Singapore
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 2012, Mr. Ye Binlin ("Mr. Ye") was nominated and assessed by the Nominating Committee. On the recommendation of the Nominating Committee, the Board approved Mr. Ye's appointment as Executive Director and Chief Financial Officer of the Company based on his qualifications and experience.

Whether appointment is executive, and if so, the area of responsibility Executive

Mr. Ye shall be responsible for financial reporting, investor relations, compliance to listing requirements and overall management of finance functions of CEFC International Limited and its subsidiaries.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Director and Chief Financial Officer
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
Working experience and occupation(s) during the past 10 years August 2001 to October 2012

Mr. Ye joined COSCO Corporation (Singapore) Ltd., a mainboard listed company in Singapore as Finance Director in August 2001 and was re-designated as the Chief Financial Officer ("CFO") in April 2008. Mr. Ye had also acted as the Finance Director and CFO of COSCO Holdings (Singapore) Pte. Ltd. (COSCO Group's overseas headquarters of Southeast Asia / South Asia Area) during the above-mentioned period. Meanwhile, he was appointed as alternate director of both companies and board member of most subsidiaries and associated companies. He was also responsible for the whole financial and accounting management / investment / enterprise risk management of both companies and assisted both companies presidents for the strategy development. Mr. Ye also assisted the president of COSCO Corporation (Singapore) Ltd for listed company corporate governance and public relations matters. Mr. Ye also acted as the general legal consultant of COSCO Holdings (Singapore) Pte. Ltd. From Year 2010.

October 2012 to July 2014

Mr. Ye was the chief accountant of COSCO Group Xiamen Ocean Shipping Company, China. He was in charge of all corporate financial management / properties valuation / fleet restructuring / staff performance assessment and valuation / association companies management and supervision.

December 2014 to July 2015

Deputy General Manager of Bilsea International Holdings Pte. Ltd. He was in charge of overseas offices establishment and business development, group staff performance evaluation, bunkering business promotion and customer maintenance.

November 2015 to April 2016

Financial Controller of Zhoushan Nanyang Star Shipbuilding Co., Ltd (Group). He was responsible for the overall financial and accounting management and internal controls of the Group.

May 2016 to September 2016

Consultant of Singa Star Pte. Ltd. Mr. Ye was an adviser mainly in the field of the Company's investment in China and Norway, especially for the finance and internal control management.

July 2016 to present

Consultant of CPA Partnership Pte. Ltd. Mr. Ye offers general consultant services for the Company.

September 2016 to present

Consultant of Kinectica Pte. Ltd. Mr. Ye offers general consultant servicves for the Company.

September 2016 to present

Independent Non-Executive Director of Coastal Corporation Limited

October 2016 to Present

Director of Sunway Holdings Pte. Ltd.

January 2017 to present

CFO of CEFC International Limited and its subsidiary, Singapore CEFC Petrochemical & Energy Pte. Ltd.

March 2017 to present

Director of Singapore CEFC Petrochemical & Energy Pte. 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) Nil
Present Coastal Corporation Limited - Independent Non-Executive Director
Sunway Holdings Pte. Ltd. - Director
Singapore CEFC Petrochemical & Energy Pte. Ltd. - Director
(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? No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company The Company would arrange training for Mr. Ye to familiarise himself with the roles and responsibilities of a director of a listed company.