Mr Ren is the founder of Yangzijiang Shipbuilding (Holdings) Ltd. and was responsible for the overall management and operations of the Group. Mr Ren has over 40 years of experience in the shipbuilding industry, and has taken on various positions within the Group and its predecessors since 1973. Mr Ren was named as the President In January 2007, before the YZJ Shipbuilding (Holdings) Ltd. went public in Singapore in April. In 2020, Mr Ren became the Honorary Chairman of the Board.
Mr Ren was crowned the country winner of the Mainland China region at the prestigious Ernst & Young Entrepreneur of the Year China 2011 awards. In 2014, Mr Ren was awarded the 2013-2014 Outstanding Entrepreneur Award by the Chinese Enterprises Association, China Entrepreneurs Association and China Enterprise Management Science Foundation. The award is given in recognition of his success in heading Yangzijiang Shipbuilding and his contribution to the nation's social and economic development.
Mr Vincent Toe is the co-Founder of ICH Group Ltd, an investment holding group founded and headquartered in Singapore since 2000. [Before joining Yangzijiang Financial Holding, he was the Managing Director of ICHAM Pte Ltd], a fund management company that holds a Capital Markets Services licence in Singapore.
Mr Vincent Toe has over 25 years of experience in fund management and investment advisory, M&A, IPO deals and fundraising, throughout Asia. Prior to joining ICHAM, he was an investment banker at UBS A.G., DBS Bank and JP Morgan. He was also a fund manager of GEM Asset Management Pte Ltd, which specialise in wealth management, private equity and venture capital fund management.
Mr Vincent Toe was also involved in the fund management and investment advisory business activities of ICH-Nikko Antfactory Fund Management Pte Ltd and ICH Asset Management Pte Ltd in the earlier days.
Mr Vincent Toe was the Independent Non-executive Director of Yangzijiang Shipbuilding (Holdings) Ltd, as well as the Independent Director and Chairman of Audit Committee of Tianjin Zhong Xin Pharmaceutical Co. Ltd.
Mr Vincent Toe holds a Bachelor of Business (First Class Honours, Gold Medal) Degree from Nanyang Technological University of Singapore, and is a Charter Financial Analyst.
Mr Chew was senior managing director and a member of Singapore Exchange (SGX)'s executive management team for 14 years. Prior to SGX, Mr Chew had senior roles at Standard Chartered Bank, OCBC Securities and DBS Bank, where he held varying portfolios in strategic planning and business development for institutional banking and private clients.
Mr Chew co-founded Shan De Advisors and serves as a Non-Executive Board Member of ADDX. He is a Fellow of Singapore Institute of Directors and the Institute of Banking and Finance Singapore (IBF), and was awarded Global Investor Asia Capital Markets Lifetime Achievement Award.
Mr Chew graduated with a Bachelor of Arts (First Class Honours) degree in Philosophy Politics & Economics (PPE) from Oxford University and also holds a Master of Arts degree from Oxford.
Mr Chua currently serving as the Board of Director of the Casino Regulatory Authority, United Overseas Insurance Limited, ADDX, TEHO International Inc Ltd and Sygnum Bank AG.
Mr Chua has 25 years of distinguished service in the Monetary Authority of Singapore (MAS). Before joining ADDX, Mr Chua was the Special Advisor (Financial Supervision) of MAS. Prior to that, Mr Chua was the Assistant Managing Director in charge of the Banking & Insurance Group and a member of MAS Executive Committee.
Mr Chua was awarded the Public Administration Medal by the President of Singapore in 2014 for his contributions to the public service.
Mr Chua holds a Bachelor of Business Administration (Honours) from the National University of Singapore.
Mr Yee is the Chairman of Duane Morris & Selvam LLP. He serves as the Global Head of Corporate for Duane Morris & Selvam and leads the Banking & Finance and Energy Practice Groups. He is also the Head of China Practice Group. Mr. Yee has almost 2 decades of extensive corporate law expertise and regularly advises on corporate finance, venture capital, capital markets, takeovers, cross-border M&As, corporate governance, corporate restructurings, joint ventures, as well as complex financing transactions.
Mr. Yee is an Independent Director of F J Benjamin Holdings Ltd. He was the former Chairman of a SGX- listed real estate developer and also a former Independent Director of a LSE-listed fashion company.
Mr. Yee graduated from Law at Christ's College, Cambridge University with Honours. He is an Advocate & Solicitor of the Supreme Court of Singapore and a Solicitor of England and Wales.
Corporate governance refers to the processes and structure by which the business and affairs of a company are directed and managed, in order to enhance long-term shareholder value through enhancing corporate performance and accountability. Good corporate governance therefore embodies both enterprise (performance) and accountability (conformance).
Our Directors recognise the importance of corporate governance and the offering of high standards of accountability to our Shareholders, and will implement the good practices recommended in the Code of Corporate Governance 2018.
We have five (5) Directors on our Board, comprising two (2) Executive Directors and three (3) Independent Non-Executive Directors. Our Independent Directors do not have any existing business or professional relationship with our Group, our other Directors, our Executive Officers and/or Substantial Shareholders. Our Independent Directors are also not related to our other Directors, Executive Officers and/or Substantial Shareholders. None of our Independent Directors sit on the board of our principal subsidiaries that are based in jurisdictions other than Singapore.
Our Directors are appointed by our Shareholders at a general meeting, and an election of Directors takes place annually. Our Constitution provides that our Directors will consist of not less than two (2) Directors. Save for our Executive Chairman Mr. Ren and our Executive Director, CEO and CIO - Singapore Mr. Toe, with whom we have entered into the Service Agreements, our Directors do not have fixed terms of office. Each Director shall retire from office once every three (3) years and for this purpose, at each annual general meeting, one-third of the Directors for the time being (or, if their number is not a multiple of three, the number nearest to but not less than one-third) shall retire from office by rotation. Directors who retire are eligible to stand for re-election.
Our Audit and Risk Committee comprises Mr. Chua, Mr. Yee and Mr. Chew. The Chairman of our Audit and Risk Committee is Mr. Chua. The quorum shall be any three (3) members, including the chairman of our Audit and Risk Committee. Our Audit and Risk Committee will assist our Board of Directors in discharging its responsibility to safeguard our assets, maintain adequate accounting records and develop and maintain effective systems of internal control, with the overall objective of ensuring that our management creates and maintains an effective control environment in our Group.
Our Audit and Risk Committee will provide a channel of communication between our Board, our management and our external auditors on matters relating to audit. Our Audit and Risk Committee will meet periodically to perform, among others, the following functions:
Our Remuneration Committee represented above comprises Mr. Yee, Mr. Chew and Mr. Chua. The Chairman of our Remuneration Committee is Mr. Yee. The quorum shall be any three (3) members, including the chairman of our Remuneration Committee.
Each member of our Remuneration Committee shall abstain from voting on any resolution and making any recommendations and/or participating in any deliberations of our Remuneration Committee in respect of matters in which he is interested.
Our Remuneration Committee will, among others, recommend to our Board a framework of remuneration for our Directors, Chairman, Key Executive and determine specific remuneration packages for each Executive Director. The recommendations of our Remuneration Committee will be submitted for endorsement by our entire Board. All aspects of remuneration, including but not limited to Directors' fees, salaries, allowances, bonuses, options and benefits-in-kind shall be reviewed by our Remuneration Committee.
The remuneration of employees who are related to our Directors or Substantial Shareholders will also be reviewed annually by our Remuneration Committee to ensure that their remuneration packages are in line with our staff remuneration guidelines and commensurate with their respective job scopes and level of responsibilities. Our Remuneration Committee will also review and approve any bonuses, pay increments and/or promotions for these related employees. Each member of the Remuneration Committee shall abstain from voting on any resolutions in respect of his remuneration package or that of employees related to him.