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Resolution 7 – Election of Non-Board Endorsed Candidate, page-215

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Tinwins

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25/11/20

09:12

Post #: 49121366
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Originally posted by SLewis ↑

Well this ought to make the AGM a bit more interesting. I strongly recommend all shareholders have a read of this!

7.1 Director candidate

The following information has been provided by Mr You (Hunter) Jiang in relation to his self-nomination as a Director. Redflow has not independently verified the information provided by Mr Jiang and makes no representation as to its accuracy. The Board does not endorse Mr Jiang for election as a Director for the reasons set out in Section 7.2.
Hunter Jiang is an experienced senior executive and successful entrepreneur, with particular depth of experience and knowledge of the Asian market. He has assisted numerous high-tech companies to successful initial public offerings in the Hong Kong market, and has a successful track record in dealing at the highest level with stakeholders including state-owned enterprises, multinational foreign companies and large private enterprises in the Asian renewable energy sector.

Mr Jiang's executive experience includes the following:

Chief Executive Officer of GCL Poly, one of the largest solar energy companies in the world, from 2008 to 2012. During his tenure, GCL Poly's market capitalisation grew from HKD2.5 billion to HKD80 billion. Achievements included Mr Jiang securing a HKD5.5 billion investment in GCL Poly by the China Investment Corporation (CIC), and raising USD1.5 billion for the company in 2008.

Chief Executive Officer of Shanghai Alison Group Co. Ltd from 2005 to 2007–a manufacturer of steel pipe, petrochemicals and specialty packaging based in Shanghai.

Chief Executive Officer of IPC Corp, China from 1998 to 2005–a wholly-owned subsidiary of IPC Corporation Ltd, a company listed on the Singapore Stock Exchange, with businesses including technology investment and property development.

If elected as a Director of Redflow, Mr Jiang believes he can provide valuable guidance and assistance in relation to strategy in the Asian market, given his extensive experience and business network in the region. Mr Jiang wishes to work constructively with the Board and management in optimising opportunities in Asia, which he considers are likely to deliver substantial benefits to the Company and shareholders.

Mr Jiang's has a Bachelor's degree in accounting from Shanghai Lixin University of Commerce, a degree in English from the East China Normal University Shanghai, and an MBA from Macau University of Science and Technology.

7.2 Past Engagement

Mr Jiang has approached the Board over the last 12 months with confidential and incomplete strategic proposals which, in broad terms, involve Redflow focussing predominantly on the China market under the leadership and operational management of Mr Jiang.
The Board engaged with Mr Jiang and invited him to formalise his proposals in writing with appropriate detail including the outline of a business plan, key implementation actions, timing, resourcing and funding requirements, so that the Board could further assess his ideas.
To date, the Board has not received the information requested. Accordingly, the Board does not consider that it has a reasonable basis to progress further discussions with Mr Jiang.
The Board is open to re-assessing its position if further meaningful information is provided. However, in the absence of meaningful information the Board considers it appropriate to continue with its current strategy.

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SLewis,
may i ask what your take on what you have posted from Jiang?
RFX Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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