Vstecs Holdings Limited Approves the Final Dividend for the Year Ended December 31, 2017; Announces Management Changes
May 30, 2018 at 04:44 am
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VSTECS Holdings Limited approved the final dividend of approximately 14.7 cents per ordinary share for the year ended December 31, 2017 in the AGM held on May 30, 2018.
The company appointed Mr. Liu Ningdong and Mr. Zhou Yibing as an executive director. The Board announced the retirement of Mr. Chan Hoi Chau as director. Mr. Liu, aged 43, is the chief executive officer of the Group in China and is responsible for the overall strategic deployment and business development goals in China. Mr. Liu joined the group in 2010. He once served as general manager, vice president, president of the company's new business group, and chief executive officer of China; he was responsible for the company's new business development, value-added business development, and deployment and implementation of the company's overall business development goals. Mr. Liu has over 20 years experience in the distribution industry and has extensive experience in upstream and downstream channel partners and suppliers. Mr. Liu holds a master's degree in computer technology from Shandong University of Science and Technology. Mr. Zhou joined Lenovo Group as deputy general manager of Business Department in 1996. He then joined Digital China Holdings Limited in 2000, responsible for distributing business, regional business, information technology business, and had been appointed as the assistant chief executive officer and deputy chief executive officer of the group. In 2011, he was
appointed as the chief executive officer of Digital China Information Service Company Ltd. the shares of which are listed on The Shenzhen Stock Exchange. Mr. Zhou has over 20 years' experience of corporate management and industry strategy in the area of information technology service industry. Mr. Zhou is now the executive chairman of ITSS branch of Chinese Electronics Standardization Association. He has also been granted award such as the best CEO of China in 2016 by Forbes, and the ninth Bauhinia Cup Outstanding Entrepreneur Awards.
VSTECS Holdings Ltd is an investment holding company mainly engaged in the development of information technology product channel and the provision of technical solution integration services. The Company mainly operates through three segments. The Enterprise Systems segment provides enterprise system tools, including middleware, operating systems, Unix/NT servers, databases and storage for information technology (IT) infrastructure and IT infrastructure design and implementation, training, maintenance and support services. The Consumer Electronics segment provides finished IT products, including computer, mobile phone, drone, smart sports watch, three-dimensional (3D) printer, game console among others. The Cloud Computing segment provides cloud computing solutions and services. The Company has offices in People's Republic of China, Thailand, Singapore, Malaysia, the Philippines, Indonesia, Cambodia, Myanmar and Laos.