Sinostar PEC : Appointment Of Executive Chairman Cum Chief Executive Officer

CHANGE - ANNOUNCEMENT OF APPOINTMENT::APPOINTMENT OF EXECUTIVE CHAIRMAN CUM CHIEF EXECUTIVE OFFICER

Issuer & Securities

Issuer/ Manager

SINOSTAR PEC HOLDINGS LIMITED

Securities

SINOSTAR PEC HOLDINGS LIMITED - SG1V73937608 - C9Q

Stapled Security

No

Announcement Details

Announcement Title

Change - Announcement of Appointment

Date &Time of Broadcast

30-Apr-2021 23:27:54

Status

New

Announcement Sub Title

Appointment of Executive Chairman Cum Chief Executive Officer

Announcement Reference

SG210430OTHRSNVG

Submitted By (Co./ Ind. Name)

Li Xiangping

Designation

Executive Chairman Cum Chief Executive Officer

Description (Please provide a detailed description of the event in the box below)

Appointment of Mr Li Xiangping as Executive Chairman and Chief Executive Officer

Additional Details

Date Of Appointment

30/04/2021

Name Of Person

Li Xiangping

Age

59

Country Of Principal Residence

China

Date of last re-appointment (if applicable)

29/06/2020

The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)

The Board, having considered the recommendation of the Nominating Committee and having assessed Mr. Li Xiang Ping requisite knowledge and experiences is of the view that he has the requisite experience and capability to assume the responsibilities of Executive Chairman and Chief Executive Officer of the Company.

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

Executive, he is responsible for overall operations, management, strategic planning and business development of the Group.

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Executive Chairman and Chief Executive Officer

Professional qualifications

Bachelor s degree in Financial Accounting the University of Shandong Officials

Business Administration Graduate programme from the Shandong University

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

Father of Li Zhi, Non-Executive Director of the Company

Conflict of interests (including any competing business)

Chairman of Shandong Dongming Petrochem Group Co., Ltd

Working experience and occupation(s) during the past 10 years

2001 till current Chairman of Shandong Dongming Petrochem Group 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

Mr Li XiangPing, by virtue of the provisions of Section 7 of the Companies Act, is deemed to have an interest in the

aggregate number of 369,898,500 Shares that Intelligent People is interested or deemed to be interested in, due to

his 100.0% shareholding interest in Intelligent People Holdings 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)

Chairman of Shandong Dongming Petrochem Group Co., Ltd

Present

Chairman of Shandong Dongming Petrochem Group Co., Ltd

1. 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

1. 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

1. 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

1. 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

1. 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

1. 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

1. 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

1. 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

1. Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-

1. any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or

No

1. 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

1. 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

1. 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

1. 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?

Yes

If Yes, Please provide details of prior experience

Mr Li Xiangping has been appointed as Director of Sinostar Pec Holdings Limited since year 2006.