AIA GROUP LIMITED This announcement is for information purposes only and does not constitute an invitation or offer by any person to acquire, purchase or subscribe for securities. This announcement is not, and is not intended to be, an offer of securities of the Company for sale in the United States. The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the U.S. Securities Act. There is not, and is not intended to be, any public offering of the securities of the Company in the United States.
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 Hong Kong with limited liability) Stock Code: 1299
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
The Board of Directors (the "Board") of AIA Group Limited (the "Company") is pleased to announce the appointment of Ms. Swee-Lian Teo ("Ms. Teo") as an Independent Non-executive Director of the Company. She will also serve as a member of the Risk Committee and Nomination Committee of the Board. These appointments take effect from 14 August 2015.
Ms. Teo, aged 55, currently serves as a non-executive and independent director and a member of the audit committee, executive resource & compensation committee and risk committee of Singapore Telecommunications Limited, which is listed on the Singapore Exchange. She is also a non-executive director of Avanda Investment Management Pte Ltd., a Singapore-based fund management company.
Ms. Teo has over 27 years of experience with the Monetary Authority of Singapore ("MAS"). During her time at the MAS she worked in foreign reserves management, financial sector development, strategic planning and financial supervision. She was the Deputy Managing Director in charge of Financial Supervision - overseeing regulation & supervision of the banking, insurance and capital markets industries and macroeconomic surveillance, and also represented the MAS on various international fora including the Basel Committee on Banking Supervision and on various committees and working groups of the Financial Stability Board. She retired from the MAS as Special Advisor in the Managing Director's office in June 2015. In addition to the MAS, Ms. Teo also served on the Board of the Civil Aviation Authority of Singapore from 2002 to 2010.
Ms. Teo received her B.Sc. (First) in Mathematics from the Imperial College of Science and Technology, University of London in 1981 and her M.Sc. in Applied Statistics from the University of Oxford in 1982. She was also awarded the Public Administration Medal (Gold) (Bar) at the Singapore National Day Awards in 2012.
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Ms. Teo has confirmed that she meets the independence criteria as set out in Rule 3.13 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
Ms. Teo's appointment is for a term of 3 years commencing on 14 August 2015, subject to re-nomination and re-election in accordance with the articles of association of the Company or pursuant to the Listing Rules. She is entitled to receive an annual director's fee of US$155,000 and an annual fee of US$25,000 and US$10,000 for acting as a member of the Risk Committee and Nomination Committee, respectively. The fees were set by the Remuneration Committee with reference to the duties and responsibilities within the Company and prevailing market conditions. The fees are covered by and stipulated in a service contract with the Company.
As at the date of this announcement, Ms. Teo does not have any interest or short position in shares, underlying shares or debentures of the Company or any of its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance.
Save as disclosed above, Ms. Teo has not held any other directorships in other Hong Kong or overseas listed public companies in the last three years. Other than the positions disclosed above, Ms. Teo does not hold any position in the Company or any of its subsidiaries. Ms. Teo does not have any relationship with any director, senior management, substantial or controlling shareholder(s) (as defined in the Listing Rules) of the Company.
Ms. Teo confirmed that there is no other information relating to her that is required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules and there are no other matters which need to be brought to the attention of the shareholders of the Company in connection with her appointment.
By Order of the Board Mark Edward Tucker Executive Director,
Group Chief Executive and President
Hong Kong, 14 August 2015
As at the date of this announcement, the Board of Directors of the Company comprises:
Non-executive Chairman and Non-executive Director:
Mr. Edmund Sze-Wing Tse
Executive Director, Group Chief Executive and President:
Mr. Mark Edward Tucker
Independent Non-executive Directors:
Mr. Jack Chak-Kwong So, Mr. Chung-Kong Chow, Mr. John Barrie Harrison, Mr. George Yong-Boon Yeo, Mr. Mohamed Azman Yahya, Professor Lawrence Juen-Yee Lau and Ms. Swee-Lian Teo
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