By 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.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2312) RESIGNATION OF A DIRECTOR, CHANGE OF CHAIRMAN OF REMUNERATION COMMITTEE, AND APPOINTMENT OF NON-EXECUTIVE DIRECTORS AND DEPUTY CHAIRMAN
The Board announces that:
1. Mr. Chung Koon Yan ("Mr. Chung") has resigned as the independent non-executive director, chairman of remuneration committee, a member of nomination committee and audit committee of the Company with effect from 18 January 2013;
2. Ms. Kwok Yuen Lam, Sophia has been appointed as the chairman of remuneration committee to replace Mr. Chung; and
3. Mr. John Yen Jong Ling and Mr. Wang Qiang have been appointed as non-executive directors of the Company. Mr. Wang has also been appointed as deputy chairman of the Company with effect from 18 January 2013.
The Board of Directors (the "Board") of China Financial Leasing Group Limited (the "Company") announces that Mr. Chung Koon Yan ("Mr. Chung") has tendered his resignation as independent non-executive director of the Company with effect from 18 January 2013 as he wants to allocate more time on his personal matters. As such, Mr. Chung has also resigned from the chairman of remuneration committee, a member of nomination committee and audit committee where Ms. Kwok Yuen Lam, Sophia has been appointed as the chairman of remuneration committee to replace Mr. Chung.
Mr. Chung confirms that he has no disagreements with the Board and there are no matters necessary to be brought to the attention to the shareholders of the Company in respect of his resignation.
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The Board is pleased to announce that Mr. John Yen Jong Ling ("Mr. Yen") and Mr. Wang Qiang
("Mr. Wang") have been appointed as non-executive directors of the Company with effect from 18
January 2013. Mr. Wang has also been appointed as deputy chairman of the Company.
Mr. Yen, aged 51, holds a Master's degree in Business Administration from State University of New York at Buffalo and a Master's degree in Science, Finance from New York University. He also holds the professional qualifications of CFA and FRM as well as the professional licenses for Type 9 (Asset management) and Type 4 (Advising on securities) regulated activities under the Securities and Futures Ordinance of Hong Kong. Currently, he is the founder and chief executive officer of Yuan Asset Management Limited.
For the past more than 20 years, Mr. Yen has held various senior positions with different financial institutions in New York, Hong Kong and Taiwan. He had been a director of China Merchants Securities (HK) Co., Limited from 2007 to 2011, an executive director of AVANTA Investment (International) Limited from 2006 to 2007, responsible for fund management and investment advisory services. In 2004, he was a managing director of Crosby Asset Management (Hong Kong) Limited and was responsible for setting up a fund. Between 2001 and 2003, he was the president of Hwa Yu Securities Investment Advisory Company and was responsible for promoting investment advisory services and managing discretionary accounts. Mr. Yen had also been an independent non-executive director of First China Financial Network Holdings Limited, a company listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (stock code: 8123) during the period from
2008 to 2010. With over 20 years of exposures in investing in the international capital market, Mr. Yen has vast experience in fund management including mutual fund, pension fund, insurance investment portfolio and management of institutional accounts.
Mr. Wang, aged 41, completed professional studies in Law from Shanxi University in 1993. In 1995, he founded ::KYfiTrrm
