Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
SOLIS HOLDINGS LIMITED
守 益 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2227)
RE-DESIGNATION OF NON-EXECUTIVE DIRECTOR TO
EXECUTIVE DIRECTOR
RESIGNATION OF EXECUTIVE DIRECTOR
RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
CHANGE OF CHIEF EXECUTIVE OFFICER
AND
CHANGE OF COMPOSITION OF BOARD COMMITTEES
The Board hereby announces the following changes:
- Mr. Liang Qianyuan has been re-designated from a non-executive Director to an executive Director of the Company with effect from 13 December 2019;
- Mr. Kenneth Teo Swee Cheng (Kenneth Zhang Ruiqing) has tendered his resignation as an executive Director of the Company with effect from 13 December 2019. Subsequent to his resignation, Mr. Teo has ceased to be the chief executive officer and chairman of corporate governance committee;
- Mr. Tan Sin Huat Dennis has tendered his resignation as an independent non-executive Director of the Company with effect from 16 December 2019. Subsequent to his resignation, Mr. Tan has ceased to be the chairman of nomination committee, and member of each of audit committee and corporate governance committee;
- Mr. Liang has been appointed as the chief executive officer and chairman of corporate governance committee with effect from 13 December 2019; and
- Dr. Guan Huan Fei has been appointed as the chairman of nomination committee, and member of each of audit committee and corporate governance committee with effect from 16 December 2019.
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RE-DESIGNATION OF NON-EXECUTIVE DIRECTOR TO EXECUTIVE DIRECTOR
The board (the ''Board'') of directors (the ''Directors'') of Solis Holdings Limited (the ''Company'') hereby announces that Mr. Liang Qianyuan (''Mr. Liang'') has been re-designated from a non-executive Director to an executive Director of the Company with effect from 13 December 2019.
The biographical details of Mr. Liang are as follows:
Mr. Liang Qianyuan, formerly known as Liang Benlan, aged 62, obtained an academic diploma of Party and government cadres from Guangdong Radio & TV University in 1986. Mr. Liang has more than 30 years' experience in the banking industry and corporate advisory in the People's Republic of China. He currently is a director of Shenzhen City Hua Shang Zhi Jia Wealth Management Co., Ltd. (深圳市華商 之家財富管理有限公司).
Mr. Liang was appointed as a non-executive Director of Core Economy Investment Group Limited (Stock Code: 339) with effect from 4 July 2019.
Mr. Liang has entered into a service agreement with the Company for an initial term of three years with effect from 13 December 2019, subject to normal retirement and re-election by shareholders of the Company pursuant to the articles and association of the Company. Mr. Liang is entitled to a monthly salary of S$10,000, which was determined with reference to his duties and responsibilities, the Company's remuneration policy, the time commitment and recommendations of the remuneration committee of the Board. Mr. Liang's remuneration will be subject to annual review by the remuneration committee of the Board and the Board from time to time with reference to his responsibility and performance.
Mr. Liang shall hold office until the next general meeting of the Company and will be eligible for and subject to re-election at such meeting in accordance with the articles of association of the Company.
Save as disclosed in this announcement, Mr. Liang does not hold any other positions in the Company or its subsidiaries nor any directorship in other listed public company in the last three years.
Mr. Liang does not have any relationship with any directors, senior management, substantial or controlling shareholders (as defined under the Listing Rules) of the Company.
Further, Mr. Liang does not has, and is not deemed to has, any interests or short positions in any shares, underlying shares or debentures (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)) of the Company as at the date of this announcement.
Save as disclosed above, there was no matter relating to the re-designation of Mr. Liang that needs to be brought to the attention of the shareholders and there is no other information which is required to be disclosed pursuant to any requirements of Rules 13.51(2)(h) to (v) of the Listing Rules.
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RESIGNATION OF EXECUTIVE DIRECTOR
The Board of Directors of the Company also announces that Mr. Kenneth Teo Swee Cheng (Kenneth Zhang Ruiqing) (''Mr. Teo'') has tendered his resignation as an executive Director of the Company with effect from 13 December 2019 as he would like to devote more time and dedication on project development and management of various subsidiaries of the Group in Singapore.
RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
The Board of Directors of the Company further announces that Mr. Tan Sin Huat Dennis (''Mr. Tan'') has tendered his resignation as an independent non-executive Director of the Company with effect from 16 December 2019 as he would like to devote more time for his other commitments.
Each of Mr. Teo and Mr. Tan has confirmed to the Board that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange of Hong Kong.
The Board would like to take this opportunity to express its gratitude to Mr. Teo and Mr. Tan for their contributions to the Company during their terms of service.
CHANGE OF CHIEF EXECUTIVE OFFICER
Subsequent to the resignation of Mr. Teo, Mr. Teo has ceased to be the chief executive officer and chairman of corporate governance committee. Mr. Liang, an executive director, has been appointed as the chief executive officer of the Company with effect from 13 December 2019.
CHANGE OF COMPOSITION OF BOARD COMMITTEES
The Board of Directors of the Company further announces that subsequent to the resignation of Mr. Teo, Mr. Liang, an executive director, has also been appointed as the chairman of corporate governance committee of the Company with effect from 13 December 2019.
Subsequent to the resignation of Mr. Tan, Mr. Tan has ceased to be the chairman of nomination committee, and member of each of audit committee and corporate governance committee. Dr. Guan Huan Fei, an independent non-executive director, has been appointed as the chairman of nomination committee, and member of each of audit committee and corporate governance committee with effect from 16 December 2019.
By Order of the Board
Solis Holdings Limited
Tay Yong Hua
Executive Chairman and Executive Director
Singapore, 13 December 2019
As at the date of this announcement, the executive Directors are Mr. Tay Yong Hua, Mr. Tay Yong Meng and Mr. Liang Qianyuan; and the independent non-executive Directors are Ms. Theng Siew Lian Lisa, Mr. Tan Sin Huat Dennis, Mr. Cheung Garnok, Dr. Guan Huan Fei and Mr. Jacobsen William Keith.
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Solis Holdings Ltd. published this content on 13 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2019 08:35:09 UTC
