CST GROUP LIMITED 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 the Cayman Islands with limited liability)
(Stock Code: 985)The board of directors (the ''Board'') of CST Mining Group Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce that Mr. Leung Hoi Ying (''Mr. Leung'') has been appointed as an independent non-executive director of the Company with effect from 29 January 2016.
Mr. Leung, aged 65, graduated from the Guangdong Foreign Trade School in the People's Republic of China. He has over 30 years of experience in international trade and business development. Mr. Leung was an independent non-executive director of China New Energy Power Group Limited. He is currently an independent non-executive director of China Strategic Holdings Limited and G-Resources Group Limited. The shares of all the aforementioned companies are listed on the main board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Save as disclosed herein, Mr. Leung has not held any directorship in other listed public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.
Mr. Leung (i) has not previously held any position with the Company and other members of the Group; (ii) does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company; and (iii) does not have any interests 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).
Mr. Leung has entered into a letter of appointment with the Company for a term of 2 years commencing from 29 January 2016 subject to retirement by rotation and re-election at the general meeting of the Company in accordance with the articles of association of the Company. Mr. Leung is entitled to an annual director fee of HK$150,000, which was determined with reference to the duties and responsibilities of directors towards the Company and the then prevailing market conditions and practice.
Save as disclosed above, Mr. Leung is not aware of any other matters that need to be brought to the attention of the shareholders of the Company nor is there any information to be disclosed by the Company pursuant to any of the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange.
The Board would like to take this opportunity to welcome Mr. Leung to join the Board.
By order of the Board
CST Mining Group Limited Chiu TaoExecutive Director and Chairman
Hong Kong, 29 January 2016
As at the date of this announcement, the Board comprises (i) Mr. Chiu Tao (Chairman), Mr. Hui Richard Rui, Mr. Lee Ming Tung, Mr. Kwan Kam Hung, Jimmy, Mr. Yeung Kwok Yu, Mr. Tsui Ching Hung and Mr. Chen Weixing as executive directors; and (ii) Mr. Yu Pan, Ms. Tong So Yuet, Ms. Ma Yin Fan and Mr. Leung Hoi Ying as independent non-executive directors.
CST Mining Group Ltd. issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2016 10:19:04 UTC
Original Document: http://file.irasia.com/listco/hk/cstmining/announcement/a160129.pdf
