Hong Kong Building and Loan Agency : RE-APPOINTMENT OF EXECUTIVE DIRECTOR (in PDF)

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The Hong Kong Building and Loan Agency Limited ࠰ಥܔ܊൲ಛϞࠢʮ̡

(Incorporated in Hong Kong with limited liability)

(Stock code: 145)

RE-APPOINTMENT OF EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of The Hong Kong Building and Loan Agency Limited (the "Company") is pleased to announce that, due to the terms of appointment of Mr. Zhuang Miaozhong ("Mr. Zhuang"), the executive Director, expiring soon, Mr. Zhuang has been re-appointed as executive Director.

The term of office of Mr. Zhuang shall commence from 16 January 2019 to 15 January 2021, subject to re-election and retirement as required by the Company's articles of association, with a director's fee of HK$240,000 per annum which was determined by the Board with reference to his duties, experience and responsibilities in the Company as well as the market conditions.

Biographical details of Mr. Zhuang are set out as follows:

Mr. Zhuang, aged 49, was appointed as an executive director of the Company on 16 January 2017. Mr. Zhuang also has been appointed as a director of certain subsidiaries of the Company. Mr. Zhuang has over 15 years of work experience in petroleum industry, which includes working in state-owned enterprises in China, overseas corporations and large-scale enterprises. Mr. Zhuang has extensive knowledge and contacts within this field.

Save as disclosed above, the Board is not aware of any other information relating to the re-appointment of Mr. Zhuang which is required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. There is no other matter which needs to be brought to the attention of the shareholders of the Company.

By order of the Board

The Hong Kong Building and Loan Agency Limited

Chong Kok Leong

Executive Director

Hong Kong, 15 January 2019

As at the date of this announcement, the Board comprises Dr. Li Ai Guo, Mr. Chong Kok Leong and Mr. Zhuang Miaozhong being the executive Directors; and Mr. Choy Hiu Fai, Eric, Mr. Huang Lizhi and Mr. Ng Kay Kwok being the independent non-executive Directors.