CHINA UNICOM HONG KONG LIMITED Hong Kong Exchange 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 disclaims 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: 0762) APPOINTMENT OF EXECUTIVE DIRECTOR, CHAIRMAN AND CHIEF EXECUTIVE OFFICER AS WELL AS NOMINATION COMMITTEE MEMBER
The board of directors (the 'Board') of China Unicom (Hong Kong) Limited (the 'Company') is pleased to announce that Mr. Wang Xiaochu ('Mr. Wang') has been appointed as an Executive Director, Chairman and Chief Executive Officer as well as a member of the Nomination Committee of the Company with effect from 1 September 2015.
Mr. Wang, aged 57, a professor-level senior engineer, graduated from Beijing Institute of Posts and Telecommunications in 1989 and received a doctorate degree in business administration from the Hong Kong Polytechnic University in 2005. Mr. Wang served as Deputy Director General and Director General of the Hangzhou Telecommunications Bureau in Zhejiang province; Director General of the Tianjin Posts and Telecommunications Administration; Chairman and Chief Executive Officer of China Mobile (Hong Kong) Limited; Vice President of China Mobile Communications Corporation; an Executive Director, Chairman and Chief Executive Officer of China Telecom Corporation Limited; President and Chairman of China Telecommunications Corporation; and Chairman and a Non-executive Director of China Communications Services Corporation Limited. He also serves as the Chairman of China United Network Communications Group Company Limited, the ultimate parent company of the Company. Mr. Wang has extensive experience in management and telecommunications industry.
Save as disclosed above, Mr. Wang does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. Mr. Wang does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.
Mr. Wang has not entered into any service contract with the Company which provides for a specified length of service. The terms of services do not expressly require the Company to give more than one year's notice period or to make payments equivalent to more than one year's emoluments to terminate the service. Mr. Wang is subject to retirement by rotation in annual general meetings of the Company in accordance with the articles of association of the Company.
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The remuneration of Mr. Wang as an Executive Director, Chairman and Chief Executive Officer of the Company will be determined by the Board with reference to his duties and responsibilities in the Company, his experience, the prevailing market conditions and any applicable regulatory requirements.
Save as disclosed above, there is no information in relation to the appointment of Mr. Wang that needs to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there are no other matters relating to his appointment that needs to be brought to the attention of the shareholders of the Company.
The Board would like to extend its warmest welcome to Mr. Wang for his appointment to the Board and as Chairman and Chief Executive Officer of the Company.
Hong Kong, 1 September 2015
By Order of the Board of
Company Secretary
As at the date of this announcement, the Board of Directors of the Company comprises:
Executive directors | : | Wang Xiaochu, Lu Yimin, Li Fushen and Zhang Junan |
Non-executive director | : | Cesareo Alierta Izuel |
Independent non-executive directors | : | Cheung Wing Lam Linus, Wong Wai Ming, Chung Shui Ming Timpson, Cai Hongbin and Law Fan Chiu Fun Fanny |
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