REPL::Change - Announcement of Appointment::Change - Announcement of Appointment
Issuer & Securities
Issuer/ ManagerDASIN RETAIL TRUST MANAGEMENT PTE.LTD.
SecuritiesDASIN RETAIL TRUST - SG1DE2000000 - CEDU
Stapled SecurityNo
Announcement Details
Announcement Title Change - Announcement of Appointment
Date & Time of Broadcast05-Jun-2017 17:51:35
StatusReplacement
Announcement Sub TitleChange - Announcement of Appointment
Announcement ReferenceSG170601OTHRSD97
Submitted By (Co./ Ind. Name)Ng Mun Fai
DesignationChief Financial Officer
Description (Please provide a detailed description of the event in the box below)Appointment of Mr Li Wen as Chief Executive Officer (Designate) of Dasin Retail Trust Management Pte. Ltd. until 30 June 2017, and Mr Li Wen will be appointed as Chief Executive Officer ("CEO") of Dasin Retail Trust Management Pte. Ltd. on 1 July 2017.


Sponsorship Statement:
DBS Bank Ltd. ("DBS") is the Sole Financial Adviser, Global Coordinator and Issue Manager for the Initial Public Offering ("Offering"). DBS, Bank of China Limited, Singapore Branch and Haitong International Securities (Singapore) Pte. Ltd. are the Joint Bookrunners and Underwriters for the Offering.
Additional Details
Date Of Appointment02/06/2017
Name Of PersonLi Wen
Age40
Country Of Principal ResidenceChina
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)The Board of Directors, having considered the recommendation of the Nominating Committee and having reviewed and considered the qualifications, work experience and suitability of Mr Li Wen, is satisfied that Mr Li Wen possesses the requisite qualifications and capabilities for the position of Chief Executive Officer ("CEO") of Dasin Retail Trust Management Pte. Ltd.

Accordingly, the Board has approved the appointment of Mr Li Wen as CEO of Dasin Retail Trust Management Pte. Ltd.
Whether appointment is executive, and if so, the area of responsibilityExecutive.

Mr Li Wen is in charge of leading the Dasin Retail Trust Management Pte. Ltd. management team and is responsible for the team's performance. He will have full executive responsibilities over the business directions and operational decisions in the day-to-day management of Dasin Retail Trust Management Pte. Ltd.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)Chief Executive Officer
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiariesNo
Conflict of interests (including any competing business)No
Working experience and occupation(s) during the past 10 yearsApril 2016 - Present
General Manager
Dasin (Shenzhen) Internet Finance Service Co., Ltd.

April 2016 - Present
General Manager
Dasin Xincheng Wealth Management Co., Ltd.

February 2015 - Present
General Manager (Finance Division)
Zhongshan Dasin Holdings Co., Ltd.

February 2015 - January 2017
Member of the working group of the Initial Public Offering of Dasin Retail Trust

July 2000 - October 2014
Deputy General Manager
Bank of China Co., Ltd (Zhongshan Branch)


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 Details83,250 units in Dasin Retail Trust
# 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
PresentNil
(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; orNo
(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; orNo
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; orNo
(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 companyNot Applicable
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