China Merchants Hldg : CHANGE OF EXECUTIVE DIRECTORS
02/10/2012 | 04:34am
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 under the
Companies Ordinance)
(Stock Code: 144)
ANNOUNCEMENT
CHANGE OF EXECUTIVE DIRECTORS
The Board of the Company announces that with effect from 10
February 2012, Mr. Liu Yunshu resigned as Executive Director
and Deputy General Manager of the Company and Mr. Zheng
Shaoping was appointed as Executive Director of the
Company.
The board of directors (the "Board") of China Merchants
Holdings (International) Company Limited (the "Company")
announces that due to appointment as Overseas Operation
Officer of the Company and Chief Executive Officer of Colombo
International Container Terminals Limited, a 85% subsidiary
owned by the Company, Mr. Liu Yunshu resigned as the
Executive Director and Deputy General Manager of the Company
with effect from 10 February 2012. Mr. Liu has confirmed that
he has no disagreement with the Board and there is no matter
in relation to his resignation that needs to be brought to
the attention of the shareholders of the Company. At the same
time, Mr. Zheng Shaoping was appointed as Executive Director
of the Company to fill the vacancy caused by the resignation
of Mr. Liu.
Mr. Zheng Shaoping
Mr. Zheng Shaoping, aged 49, was appointed as Executive
Director of the Company on 10 February 2012. Mr. Zheng
graduated from Dalian Maritime University with Postgraduate
Diploma in International Maritime Law, and obtained a Master
Degree of Business Administration at University of Wales. Mr.
Zheng has over 20 years' experience in the field of port
management, he was the General Manager of Chiwan Container
Terminal Co., Ltd., the General Manager and the Chairman of
Shenzhen Chiwan Harbour Container Co., Ltd., and the Managing
Director and the Vice Chairman of Shenzhen Chiwan Wharf
Holdings Limited. He is the Vice Chairman of China Merchants
Bonded Logistics Co., Ltd., the Chairman of She Kou Container
Terminals Ltd., the Chairman of Chiwan Container Terminal
Co., Ltd., the Chairman of Shenzhen Chiwan Wharf Holdings
Limited, shares of which are listed on the Shenzhen Stock
Exchange, and the Deputy General Manager of China Nanshan
Development (Group) Incorporation.
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Mr. Zheng will receive directors' fee as approved from time
to time by shareholders at general meetings of the Company.
There is no service contract between the Company and Mr.
Zheng. Mr. Zheng has no fixed term of service with the
Company and shall hold office until the next following
general meeting and shall be eligible for re-election at the
next following general meeting pursuant to Article 97 of the
Articles of Association of the Company. Thereafter, he will
be subject to rotational retirement and re-election
requirements at annual general meetings pursuant to Article
91 of the Articles of Association of the Company. Mr. Zheng
will not receive any remuneration from the Company.
Saved as disclosed above, (i) Mr. Zheng did not have any
relationship with any directors, senior management,
substantial or controlling shareholders of the Company; (ii)
as at the date of this announcement, Mr. Zheng has share
options to subscribe for 300,000 Shares of the Company, which
constitute an interest in the shares of the Company within
the meaning of Part XV of the Securities and Futures
Ordinance (Chapter 571 of the Laws of Hong Kong); and (iii)
he did not hold any other directorships in public companies
the securities of which are listed on any securities market
in Hong Kong or overseas in the last three years.
Saved as disclosed above, there is no other matter in
relation to the appointment of Mr. Zheng that is required to
be disclosed pursuant to Rule 13.51(2)(h) to 13.51(2)(v) of
the Rules Governing the Listing of Securities on the Stock
Exchange of Hong Kong Limited (the "Listing Rules") and there
is no other matter that needs to be brought to the attention
of holders of securities of the Company.
GENERAL
The Board would like to express its gratitude to Mr. Liu for
his valuable contributions to the Company during his tenure
of service and would like to take this opportunity to welcome
Mr. Zheng for joining the Board of the Company.
By Order of the Board
China Merchants Holdings (International) Company Limited
Fu Yuning
Chairman
Hong Kong, 10 February 2012
As at the date of this announcement, the Board comprises Dr.
Fu Yuning, Mr. Li Jianhong, Mr. Li Yinquan, Mr. Hu Zheng, Mr.
Meng Xi, Mr. Su Xingang, Mr. Yu Liming, Mr. Hu Jianhua, Mr.
Wang Hong and Mr. Zheng Shaoping as executive directors; and
Mr. Kut Ying Hay, Mr. Lee Yip Wah Peter, Mr. Li Kwok Heem
John, Mr. Li Ka Fai David and Mr. Bong Shu Ying Francis as
independent non-executive directors.
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