Friday, August 23, 2013

Company announcements: ChinaEssen

ChinaEssen - ANNOUNCEMENT OF APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Announcement Type: ANNOUNCEMENT OF APPOINTMENT
Company: CHINA ESSENCE GROUP LTD.
Stock Code/Name: G54 - ChinaEssen

ANNOUNCEMENT OF APPOINTMENT OF NON-EXECUTIVE DIRECTOR *
* Asterisks denote mandatory information
Name of Announcer * CHINA ESSENCE GROUP LTD.  
Company Registration No. CT-152302  
Announcement submitted on behalf of CHINA ESSENCE GROUP LTD.  
Announcement is submitted with respect to * CHINA ESSENCE GROUP LTD.  
Announcement is submitted by * Mr Zhao Libin  
Designation * Executive Chairman and Chief Executive Officer  
Date & Time of Broadcast 23-Aug-2013 18:14:55  
Announcement No. 00135  
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Date of Appointment * 23-08-2013  
Name of Person* Leung Yik Man Lawrence  
Age * 39  
Country of principal residence * Hong Kong  
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * The Nominating Committee, having reviewed the curriculum vitae of Mr Lawrence Leung and taking into consideration his professional credentials and his experience as well as his track record with China Essence Group Ltd., is satisfied that his inclusion as Non-Executive Director will strengthen the Board composition of the Group. On the recommendation of the Nominating Committee, the Board has approved the appointment of Mr Lawrence Leung as a Non-Executive Director of the Company.  
Whether appointment is executive, and if so, the area of responsibility *
Non-Executive  
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Non-Executive Director  
Working experience and occupation(s) during the past 10 years *
HIGHLIGHTS:
Over 15 years of experience in audit and accounting
Over 8 years of experience in potato related industries

CAREER HISTORY:
CFO and Joint company secretary of China Essence Group Ltd.
Audit Manager of Deloitte Touche Tohmatsu  
Interest * in the listed issuer and its subsidiaries *
Nil

The 1,000,000 share options under China Essence Employee Share Option Scheme were forfeited as Mr Lawrence Leung resigned as Chief Financial Officer of the Company with effective from 23 August 2013.  
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
Nil  
Conflict of interests (including any competing business) *
Nil  
>> 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)
Nil  
Present
1) Honour Wealth International Limited
2) China Essence Group Limited (Hong Kong)
3) Deacons Group Holding Limited
4) Luck Sky Investments Limited  
>> 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?
  • No  

       


    • ChinaEssen - ANNOUNCEMENT OF APPOINTMENT OF CHIEF FINANCIAL OFFICER

    Announcement Type: ANNOUNCEMENT OF APPOINTMENT
    Company: CHINA ESSENCE GROUP LTD.
    Stock Code/Name: G54 - ChinaEssen

    ANNOUNCEMENT OF APPOINTMENT OF CHIEF FINANCIAL OFFICER *
    * Asterisks denote mandatory information
    Name of Announcer * CHINA ESSENCE GROUP LTD.  
    Company Registration No. CT-152302  
    Announcement submitted on behalf of CHINA ESSENCE GROUP LTD.  
    Announcement is submitted with respect to * CHINA ESSENCE GROUP LTD.  
    Announcement is submitted by * Mr Zhao Libin  
    Designation * Executive Chairman and Chief Executive Officer  
    Date & Time of Broadcast 23-Aug-2013 18:11:43  
    Announcement No. 00129  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Date of Appointment * 23-08-2013  
    Name of Person* Yap Kong Wai  
    Age * 34  
    Country of principal residence * China  
    The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * The Board has approved Mr Yap’s appointment based on his qualification and work experience. The Audit Committee has also confirmed the suitability of his appointment as the Chief Financial Officer of the Group.  
    Whether appointment is executive, and if so, the area of responsibility *
    Executive. Mr Yap is responsible for the accounting and financial matters of the Group. He also is responsible for implementing the Group’s internal controls and corporate governance practices.  
    Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Financial Officer  
    Working experience and occupation(s) during the past 10 years *
    Mr Yap has over nine years of experience in audit and accounting. He started his career with KPMG in 2003. Subsequently, he joined Ernst and Young as Audit Manager from 2006 to 2009 prior to joining the Group in 2010 as financial controller.  
    Interest * in the listed issuer and its subsidiaries *
    Nil  
    Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
    Nil  
    Conflict of interests (including any competing business) *
    Nil  
    >> 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)
    Nil  
    Present
    Nil  
    >> 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?
  • No  

       


    • ChinaEssen - ANNOUNCEMENT OF APPOINTMENT OF CHIEF EXECUTIVE OFFICER

    Announcement Type: ANNOUNCEMENT OF APPOINTMENT
    Company: CHINA ESSENCE GROUP LTD.
    Stock Code/Name: G54 - ChinaEssen

    ANNOUNCEMENT OF APPOINTMENT OF CHIEF EXECUTIVE OFFICER *
    * Asterisks denote mandatory information
    Name of Announcer * CHINA ESSENCE GROUP LTD.  
    Company Registration No. CT-152302  
    Announcement submitted on behalf of CHINA ESSENCE GROUP LTD.  
    Announcement is submitted with respect to * CHINA ESSENCE GROUP LTD.  
    Announcement is submitted by * Mr Zhao Libin  
    Designation * Executive Chairman and Chief Executive Officer  
    Date & Time of Broadcast 23-Aug-2013 18:09:48  
    Announcement No. 00127  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Date of Appointment * 23-08-2013  
    Name of Person* Zhao Libin  
    Age * 40  
    Country of principal residence * China  
    The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) * Further to the resignation of Mr Liu Changling as a Chief Executive Officer of the Company, the Board of Directors had considered the Nominating Committee’s recommendation to appoint Mr Zhao as Chief Executive Officer of the Company in view of his past experience and capabilities and believe that this arrangement will be beneficial to the Group.  
    Whether appointment is executive, and if so, the area of responsibility *
    Executive. Mr Zhao is responsible to the overall management of the Group.  
    Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Executive Chairman and Chief Executive Officer  
    Working experience and occupation(s) during the past 10 years *
    Mr Zhao was the Executive Director and Chief Executive Officer of the Group since August 2005.

    Mr Zhao ceased to be Chief Executive Officer of the Group on 23 May 2012 and remain as Executive Chairman of the Company to concentrate on developing business strategies and new business ventures of the Group.  
    Shareholding * in the listed issuer and its subsidiaries *
    172,244,000 ordinary shares of China Essence Group Ltd. held through nominees.  
    Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
    Nil  
    Conflict of interests (including any competing business) *
    Nil  
    >> 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)
    Nil  
    Present
    1) China Essence Group Limited (Hong Kong)
    2) Huge Glory Holding Limited  
    >> 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?
  • No  

       


    • ChinaEssen - ANNOUNCEMENT OF CESSATION AS CHIEF FINANCIAL OFFICER

    Announcement Type: ANNOUNCEMENT OF CESSATION
    Company: CHINA ESSENCE GROUP LTD.
    Stock Code/Name: G54 - ChinaEssen

    ANNOUNCEMENT OF CESSATION AS CHIEF FINANCIAL OFFICER *
    * Asterisks denote mandatory information
    Name of Announcer * CHINA ESSENCE GROUP LTD.  
    Company Registration No. CT-152302  
    Announcement submitted on behalf of CHINA ESSENCE GROUP LTD.  
    Announcement is submitted with respect to * CHINA ESSENCE GROUP LTD.  
    Announcement is submitted by * Mr Zhao Libin  
    Designation * Executive Chairman and Chief Executive Officer  
    Date & Time of Broadcast 23-Aug-2013 18:04:19  
    Announcement No. 00121  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Name of person * Leung Yik Man Lawrence  
    Age * 39  
    Is Effective Date of Cessation known? * Yes  
    If yes, please provide the date * 23-08-2013  
    Detailed Reason(s) for cessation *
    Mr Lawrence Leung resigned from the Company as Chief Financial Officer to pursue other personal interests and take a lighter workload.  
    Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? * No 
    If yes, please elaborate * NA 
    Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? * No 
    If yes, please elaborate * NA 
    Any other relevant information to be provided to shareholders of the listed issuer? * No 
    If yes, please elaborate * NA 
    Date of Appointment to current position * 01-08-2005  
    Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * Chief Financial Officer  
    Role and responsibilities *
    Responsible for implementing the Group's internal controls and corporate governance practices.  
    Does the AC have a minimum of 3 members (taking into account this cessation)? *Yes 
    Number of Independent Directors currently resident in Singapore (taking into account this cessation) *2 
    Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months *1 
    Interest * in the listed issuer and its subsidiaries *
    1,000,000 share options under China Essence Employee Share Option Scheme  
    Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
    Nil  
    >> OTHER DIRECTORSHIPS
    Past (for the last 5 years) *
    Nil  
    Present *
    1) Honour Wealth International Limited
    2) China Essence Group Limited (Hong Kong)
    3) Deacons Group Holding Limited
    4) Luck Sky Investments Limited  
    Footnotes
       
    Attachments
    Total size = 0
    (2048K size limit recommended)


    ChinaEssen - ANNOUNCEMENT OF CESSATION AS EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

    Announcement Type: ANNOUNCEMENT OF CESSATION
    Company: CHINA ESSENCE GROUP LTD.
    Stock Code/Name: G54 - ChinaEssen

    ANNOUNCEMENT OF CESSATION AS EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER *
    * Asterisks denote mandatory information
    Name of Announcer * CHINA ESSENCE GROUP LTD.  
    Company Registration No. CT-152302  
    Announcement submitted on behalf of CHINA ESSENCE GROUP LTD.  
    Announcement is submitted with respect to * CHINA ESSENCE GROUP LTD.  
    Announcement is submitted by * Mr Zhao Libin  
    Designation * Executive Chairman and Chief Executive Officer  
    Date & Time of Broadcast 23-Aug-2013 17:56:38  
    Announcement No. 00109  
    >> ANNOUNCEMENT DETAILS
    The details of the announcement start here ...
    Name of person * Liu Changling  
    Age * 37  
    Is Effective Date of Cessation known? * Yes  
    If yes, please provide the date * 23-08-2013  
    Detailed Reason(s) for cessation *
    Mr Liu Changling resigned from the Company as Executive Director and Chief Executive Officer to pursue other opportunities.  
    Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? * No 
    If yes, please elaborate * NA 
    Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? * No 
    If yes, please elaborate * NA 
    Any other relevant information to be provided to shareholders of the listed issuer? * No 
    If yes, please elaborate * NA 
    Date of Appointment to current position * 23-05-2012  
    Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) * Executive Director and Chief Executive Officer  
    Role and responsibilities *
    Responsible for full spectrum function in China, including Sales & Marketing, Manufacturing, Human Resources and Administration.  
    Does the AC have a minimum of 3 members (taking into account this cessation)? *Yes 
    Number of Independent Directors currently resident in Singapore (taking into account this cessation) *2 
    Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months *Nil 
    Interest * in the listed issuer and its subsidiaries *
    Nil  
    Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *
    Nil  
    >> OTHER DIRECTORSHIPS
    Past (for the last 5 years) *
    Nil  
    Present *
    Nil  
    Footnotes
       
    Attachments
    Total size = 0
    (2048K size limit recommended)


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