PANASIALUM HOLDINGS COMPANY LIMITED 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.
PanAsialum Holdings Company Limited榮陽實業集團有限公司
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 2078)
RE-DESIGNATION OF DIRECTOR
The board of directors (the "Board") of PanAsialum Holdings Company Limited (the
"Company", together with its subsidiaries, the "Group") announces that, with effect from 18
June 2014, Mr. Lee Hui Fu ("Mr. Lee") has been re-designated from an executive director to a non-executive director of the Company due to his personal reasons.
Mr. Lee, aged 50, was appointed an executive director of the Company on 1 October 2013. Mr. Lee has over 15 years of working experience in business and procurement management. Prior to joining the Group, Mr. Lee worked as a manager of the procurement division of Foxconn Technology Co., Ltd. from 2004 to 2013, as a factory vice general manager of
Colortac Technology Co., Ltd. (彩華科技股份有限公司) from 2003 to 2004, as a factory
vice general manager of Nature Worldwide Technology Corp. (通達國際股份有限公司)
from 1999 to 2003 and as a production manager of Thermacore Taiwan Inc. (司熱高科技股
份有限公司) from 1996 to 1999. Mr. Lee graduated from the Department of Chemical and
Materials Engineering of Chung Cheng Institute of Technology, National Defense University in 1984.
Mr. Lee has entered into a service contract with the Company for a term of one year from 18
June 2014. Mr. Lee's appointment as a non-executive director is subject to retirement by rotation and re-election at the general meetings of the Company in accordance with the articles of association of the Company. Mr. Lee will receive emolument of HK$600,000 per annum which is determined by the Board with reference to his experience, duties and responsibilities in the Company as well as the current market rate.
Mr. Lee has no relationship with any directors, senior management or substantial shareholders of the Company. As at the date of this announcement, Mr. Lee does not have any interest (within the meaning of Part XV of the Securities and Futures Ordinance) in the securities of the Company.
Except for acting as an executive director of the Company since 1 October 2013, Mr. Lee has not been a director of any listed companies in the past three years.
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Mr. Lee has not been involved in any of the events under Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and there are no other matters in relation to the appointment of Mr. Lee as a non-executive director that need to be brought to the attention of the shareholders of the Company and the Stock Exchange.
By order of the Board
Chairman and Chief Executive Officer
Hong Kong, 18 June 2014
As at the date of this announcement, our executive directors are Mr. Marcus Pan, Ms. Shao Lidan, Mr. Fung Chi Kong Felix and Ms. Ng Bonnie Po Ling, our non-executive director is Mr. Lee Hui Fu, and our independent non-executive directors are Mr. Tsang Wah Kwong, Mr. Chan Nim Leung Leon, Mr. Wong Yee Shuen Wilson and Mr. Tse Chiang Kwok Nassar.
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