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News

Change - Announcement Of Appointment Of Group Chief Executive Officer

BackMay 24, 2018
Announcement Title Change - Announcement of Appointment
Announcement Subtitle Appointment of Group Chief Executive Officer
Securities CITICENVIR S$240M3.9%PERPSEC (CITENPS)
CITIC ENVIROTECH LTD. (CITICEN)
CITICENVIR US$175M5.45%PERPSEC (CITICPS)
Date & Time of Broadcast May 24, 2018 18:47
Submitted By Lotus Isabella Lim Mei Hua
Company Secretary
Description Appointment of Group Chief Executive Officer
Appointment Details
Date of appointment Jun 1, 2018
Name of person Hao Weibao
Age 49
Country of principal residence China
The Board's comments on this appointment Mr Hao Weibao has been appointed as Chairman of CITIC Envirotech in 2015.
The Nominating Committee has assessed the appointment of Mr Hao as Group CEO of the Company. During the nomination process, the Nominating Committee has taken into account Mr Hao's qualifications and experience and also Mr Hao s performance as Chairman in the past 3 years.

The Board of Directors, upon the recommendation of the Nominating Committee is of the view, that Mr Hao's appointment as Group CEO will be beneficial to the Board and the Company.
Whether appointment is executive, and if so, the area of responsibility The appointment is executive in nature.The Group CEO of the Company is vested with full powers of management and control over all the affairs of the Company.

Job title Group Chief Executive Officer
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
Working experience and occupation(s) during the past 10 years Mr Hao Weibao has been appointed as Chairman of CITIC Envirotech in 2015. He is responsible for making significant corporate decisions and setting management objectives, and overseeing the effective implementation of corporate strategy.
Mr. HAO Weibao is the President and Vice Chairman of CITIC Environment Investment Group Co., LTD. He is responsible for the day-to-day management of the company and the effective implementation of corporate strategies and policies.
Before joining CITIC Group Corporation in 2008, he worked at Sinopec for over 14 years, where he gained a wide range of valuable experience in the fields of investment, finance and international trade. During his employment with Sinopec, he worked overseas for over 10 years, taking management and leadership positions in different offices worldwide.
Mr. Hao holds a Bachelor degree of Economics, with Honors, from Jiangxi University of Finance and Economics, and a Masters in Business Administration degree from Chinese University of Hong Kong. Mr Hao is a PhD candidate in the University of Chinese Academy of Sciences.
Shareholding interest in the listed issuer and its subsidiaries No
Other Directorships
Note: 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) CITIC Environment Investment Group Co., LTD
CITIC Investment Holdings Limited
CITIC Wily Equity Investment Fund Management Company
Xian CITIC Silk Road Hotel Company Ltd.
Jiangsu Xinguanglian Technology Co., Ltd
Beijing Thomson CITIC Digital Technology Co., Ltd
CITIC Environment (International) Company Limited
CKM (Cayman) Company Limited
CENVIT (Cayman) Company Limited
Beijing CITIC Xinyuan Technology Development Co., Ltd
Present CITIC Environment Investment Group Co., LTD
CITIC Environment (International) Company Limited
CKM (Cayman) Company Limited
CENVIT (Cayman) Company Limited
CITIC Envirotech Ltd
Shanghai CITIC Yuanjun Enviroment CO. Ltd
Information Required Persuant To Listing Rule 704(7)(H)
(a) Whether at any time during the past 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 any 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 with 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
Information Required persuant to Listing Rule 704(7)(I)
Note: Disclosure applicable to the appointment of Director only
Any prior experience as a director of a listed company? Yes
If yes, please provide full details Mr Hao Weibao has been an Executive Chairman of CITIC Envirotech Ltd since 2015.