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Madex International (Holdings) Limited 盛明國際( 控股) 有限公司 (Incorporated in Bermuda with limited liability) (Stock Code: 00231) |
The Board is pleased to announce that Mr. Cheung has been appointed as an executive director of the Company with effect from 23 January 2016.
The board of directors (the "Board") of Madex International (Holdings) Limited (the "Company") is pleased to announce the appointment of Mr. Cheung Kam Fai ("Mr. Cheung") as an executive director of the Company with effect from 23 January 2016.
Mr. Cheung aged 44, was the managing director of a finance company's China subsidiary before this appointment, responsible for promoting the company's business in China. He has over 15 years of experience in the securities sector and has extensive social networks in the field. Mr. Cheung had not held any directorship in other public companies, of which the securities are listed on any securities market in Hong Kong or overseas in the last three years. He has no relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company. Mr. Cheung does not hold any other position in the Company or any of its subsidiaries.
As at the date of this announcement, Mr. Cheung is personally interested in 2,932,000,000 shares of the Company (representing approximately 15.78% of the total issued share capital of the Company) and rights attached to the convertible bonds convertible into 425,000,000 shares of the Company (representing approximately 2.29% of the total issued share capital of the Company if fully exercised). Save as disclosed herein, Mr. Cheung has not had, and is not deemed to have, any interests or short positions in any shares, underlying shares or debentures (as defined under Part XV of the Securities and Futures Ordinance, Cap.571 of the Laws of Hong Kong) of the Company.
Mr. Cheung will enter into a service agreement with the Company with a term of 3 years commencing from 23 January 2016. He will be subject to retirement by rotation and re-election pursuant to the bye-laws of the Company and his appointment may be terminated with 3 months' notice in writing served by either party on the other. Pursuant to the service agreement, Mr. Cheung will be entitled to an annual remuneration of HK$900,000, which was determined by reference to his duties and responsibilities with the Company, the Company's performance and current market situation, as well as a performance bonus at the absolute discretion of the Company.
Save as disclosed above, the Board is not aware of any other matter in relation to the appointment of Mr. Cheung that needs to be brought to the attention of the shareholders of the Company or any information that should be disclosed pursuant to any of the requirements of Rules 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on the Stock Exchange.
The Board would like to take this opportunity to welcome Mr. Cheung to the Board.
By Order of the Board
Madex International (Holdings) Limited Liang HuixinExecutive Director
Hong Kong, 23 January 2016
As at the date of this announcement, the Board comprises Mr. Zhang Guodong, Ms. Liang Huixin and Mr. Cheung Kam Fai as executive directors; Mr. William Keith Jacobsen as non-executive director; and Dr. Dong Ansheng and Mr. Wong Yee Shuen, Wilson as independent non-executive directors.
Madex International (Holdings) Limited issued this content on 2016-01-23 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-24 10:26:13 UTC
Original Document: http://www.madex.com.hk/documents/E231_160123_ApptED_CKF_(to upload).pdf
