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中亞能源控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 850)The Board is pleased to announce that Mr. Li Zhenjun, an executive Director, has been appointed as the chairman of the Board with effect from 8 January 2016.
The board (the "Board") of directors ("Director(s)") of PetroAsian Energy Holdings Limited (the "Company") is pleased to announce that Mr. Li Zhenjun ("Mr. Li"), an executive Director, has been appointed as the chairman of the Board with effect from 8 January 2016.
Mr. Li Zhenjun（ 李振軍先生）, aged 41, is an executive Director. He graduated from the Zhejiang University of Technology, the People's Republic of China (the "PRC")（ 中國浙 江工業大學）, specialised in chemical mechanics（ 化工機械）. Mr. Li has approximately 20 years of experience in corporate management of businesses in various areas, including health products, media, cultural and financial industry. He is the founder, the chairman of the board of directors and the chief executive officer of 杭州投融長富金融服務集團有限 公司 (Hangzhou Tou Rong Chang Fu Financial Services Group Limited*) ("Hangzhou Tou Rong Chang Fu", together with its subsidiaries, "Hangzhou Tou Rong Chang Fu Group") and its subsidiaries. Hangzhou Tou Rong Chang Fu Group is principally engaged in internet financing, wealth management, fund management, investment banking, insurance as well as the other financial services in the PRC. Mr. Li is responsible for the overall strategic planning and day-to-day management of Hangzhou Tou Rong Chang Fu Group. Mr. Li is also one of the founder of 浙江電通資訊有限公司 (Zhejiang Diantong Information Co., Ltd.*), a company established in the PRC in 2005, which is principally engaged in organising arts and cultural activities, design and manufacturing of souvenirs, media and advertising, where he
acted as an executive director since its incorporation up to October 2015. From 1996 to 1998, Mr. Li acted as the deputy general manager of the Ningbo office of 紅桃開集團股份有限公司 (Hong Tao K Group Co., Ltd.*), a company which is principally engaged in the development and manufacturing of bio-pharmaceutical products including Chinese medicine and health products, and real estate. From 1999 to 2005, Mr. Li worked as a reporter of "Justice of China
（ 中國司法）", a publication of the Ministry of Justice, the PRC, and was an officer（ 主任）
of the Zhejiang Office of the Ministry of Justice, the PRC. Prior to establishing Hangzhou Tou Rong Chang Fu Group, Mr. Li was also involved in projects involving mergers, restructuring and mergers and acquisitions financing of a number of listed companies, including the private placement of shares by 湖南科力遠新能源股份有限公司 (Hunan Corun New Energy Co., Ltd.*), a company listed on the Shanghai Stock Exchange (Stock Code: 600478), in 2013, the privatization of 中國手游集團有限公司 (China Mobile Games and Entertainment Group Limited), a company previously listed on NASDAQ, and the major asset restructuring of 廣東 猛獅電源科技股份有限公司 (Guangdong Dynavolt Power Technology Co., Ltd.*), a company listed on the Shenzhen Stock Exchange (Stock Code: 002684), in 2014, which he acted as financial consultant.
Mr. Li is the director and an ultimate beneficial owner of TOU RONG CHANG FU(HK) HOLDING CO., LIMITED (the "Subscriber"), the subscriber under the subscription agreement dated 31 August 2015 (as amended and supplemented by a supplemental agreement dated 10 December 2015) (the "Subscription Agreement") entered into between the Subscriber, Mr. Li (as guarantor of the Subscriber) and the Company in relation to, among other things, the subscription (the "Subscription") of 2,000,000,000 new shares of the Company (the "Subscription Share(s)") by the Subscriber at the subscription price of HK$0.13 per Subscription Share in two tranches. The first tranche of the Subscription, being the subscription of 666,668,000 Subscription Shares was completed on 4 January 2016. Mr. Li is also the executive director, the general manager and the legal representative of, and a shareholder holding 90% of the shareholding interests in, Hangzhou Tou Rong Chang Fu, the holding company of the Subscriber. Other than his interests in the Subscription Shares, as at the date of this announcement, Mr. Li did not have any other interest in the shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). As at the date of this announcement, save as disclosed, Mr. Li did not hold any other office with the Company and other members of the Group, did not hold any directorship in other listed public companies in the last three years, and did not have any relationship with any other directors, senior management,
substantial shareholders or controlling shareholders of the Company (as defined in the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited).
Mr. Li entered into a director's service agreement with the Company on 4 January 2016 for a term of 3 years with effect from 4 January 2016, subject to rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company. The director remuneration of Mr. Li is HK$100,000 per month which is determined with reference to his duties and responsibilities within the Company. Save as disclosed above, there are no other matters concerning the appointment of Mr. Li as the chairman of the Board that need to be brought to the attention of the shareholders of the Company and there is no information relating to Mr. Li that is required to be disclosed pursuant to any requirements of Rule 13.51(2) of the Listing Rules.
By order of the Board
PetroAsian Energy Holdings Limited Li ZhenjunChairman
Hong Kong, 8 January 2016
* The English transliteration of the Chinese name in this announcement, where indicated, is included for information purpose only, and should not be regarded as the official English name of such Chinese name.
As at the date of this announcement, the Board comprises (i) four executive Directors, namely Mr. Li Zhenjun, Mr. Poon Sum, Mr. Wong Kwok Leung and Mr. Poon Wai Kong; (ii) one non-executive Director, namely Mr. Zaid Latif; and (iii) three independent non-executive Directors, namely Mr. Chan Shu Kin, Mr. Cheung Kwan Hung and Mr. Chiu Wai Piu.
PetroAsian Energy Holdings Limited issued this content on 2016-01-08 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-08 11:30:29 UTC
Original Document: http://www.petroasian.com/files/LTN20160108464.pdf
