Golden Power Group Holdings Limited announced that with effect from 31 May 2022, Mr. Ma Sai Yam resigned as an independent non-executive Director and ceased to be a member of the audit committee, the remuneration committee and the nomination committee of the Company. The resignation of Mr. Ma was due to his other personal and business commitments. The Board announced that, with effect from 31 May 2022, Mr. Kan Man Kim was appointed as an independent non-executive Director and a member of the audit committee, the remuneration committee and the nomination committee of the Company. Mr. Kan obtained a bachelor degree in Business Administration from The Chinese University of Hong Kong in 1981 and a Master of Business Administration degree (Executive MBA Programme) from The Chinese University of Hong Kong in December 2010. Mr. Kan is an experienced human resources management professional with over 30 years of experience. He was the vice-president of human resources of Top Glory Insurance Company (Bermuda) Ltd, an insurance company, from August 1996 to July
1998. He also work in Arthur Andersen and later PriceWaterhouseCoopers from August 1998 to June 2003 and his last position was senior manager of human resources. He worked in South China Holdings Company Limited, a company whose shares are listed on the Stock Exchange, from December 2003 to February 2020 as the group human resources director. Mr. Kan is currently a consultant focuses in human resources management. Mr. Kan is a chartered member of the Chartered Institute of Personnel & Development, UK and a fellow member of the Hong Kong Institute of Director. Mr. Kan has not held any directorships in any listed companies in the past three years.
With the recommendation of the nomination committee of the Company, the Board considers that Mr. Kan is independent. Mr. Kan entered into a letter of appointment with the Company for a fixed term of one year commencing on 31 May 2022 and shall be renewed and extended automatically by one year on the expiry of such initial term and on the expiry of every successive period of one year thereafter, unless terminated by either the Company or Mr. Kan giving at least three months' written notice of non-renewal before the expiry of the then existing term, subject to the rotation, removal, vocation, termination, retirement and re-election in accordance with Mr. Kan's Letter of Appointment. Mr. Kan shall hold office until the next annual general meeting of the Company and shall then be eligible for re-election by the shareholders of the Company at the AGM pursuant to Article 112 of the articles of association of the Company and thereafter subject to retirement by rotation at least once every three years in accordance with Article 108(a) of the Articles.