Genvon : Appointment and Resignation of Directors, Change of Chief Executive Officer, Chang of Authorised Representative, Change of Chief Financial Officer and Change of Compositions of Audit Committee, Remuneration Committee and Nomination Committee

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.

The Board (the "Board") of Directors (the "Directors") of Genvon Group Limited
(the "Company") wishes to announce that with effect from 23 September 2014:
1. Mr. Wang Zheng Chun ("Mr. Wang") has resigned as the Chief Executive Officer and member of Nomination Committee of the Company due to his other commitments;
2. Mr. Zheng Wei Chong ("Mr. Zheng") has resigned as an Executive Director and
authorised representative of the Company due to his other commitments;
3. Mr. Liu Hoi Keung ("Mr. Liu") has resigned as an Executive Director and Chief
Financial Officer of the Company due to his other commitments;
4. Mr. Ma Kwai Yuen ("Mr. Ma") has resigned as an Independent Non-executive Director, chairman of Audit Committee and member of Remuneration Committee and Nomination Committee of the Company due to his other commitments;
5. Mr. Zhu Shi Xing ("Mr. Zhu") has been appointed as an Executive Director and member of Nomination Committee of the Company;
6. Mr. Zhang Jing Ming ("Mr. Zhang") has been appointed as an Executive Director, Chief Executive Officer and member of Nomination Committee of the Company;
7. Mr. Xu Guang Yu ("Mr. Xu") has been appointed as an Executive Director of the
Company;
8. Mr. Hu Xiao Yong ("Mr. Hu") has been appointed as an Executive Director of the
Company;
9. Mr. Dong Qi ("Mr. Dong") has been appointed as an Executive Director and authorised representative of the Company;
10. Mr. Wu Yong Xin ("Mr. Wu") has been appointed as an Independent Non- executive Director, member of Audit Committee and Remuneration Committee and chairman of Nomination Committee of the Company;
11. Mr. Tse, Man Kit, Keith ("Mr. Tse") has been appointed as an Independent Non- executive Director, chairman of Audit Committee and member of Remuneration Committee and Nomination Committee of the Company; and
12. Mr. Siu Kin Wai ("Mr. Siu") has been appointed as Chief Executive Officer of the
Company.

Aged 43, is currently a vice president of Beijing Properties (Holdings) Limited
("BPHL", SEHK stock code: 925) and a senior vice president of Beijing Yun Zhong Investments Consulting Co., Ltd., a wholly owned subsidiary of BPHL established in Beijing, PRC. Mr. Zhu graduated from the Central University of Finance and Economics with a bachelor's degree in finance and the professional and technological qualification of Assistant Economist in PRC. Mr. Zhu started his career as an assistant in the investment department of the China Xinxing Corporation (Group) Ltd. in 1994. Starting from 2004, he joined the Beijing Holdings Limited ("BHL"), an affiliate of BPHL, and had been nominated the vice general manager of various subsidiaries of BHL involving in industries of tourism, logistics, property development. Mr. Zhu has extensive experience in investment, financial management and property development.
The Company and Mr. Zhu have entered into a letter of appointment for a term of 3 years and subject to re-election at the forthcoming annual general meeting of the Company and retirement by rotation in accordance with the articles of association of the Company. Mr. Zhu is entitled to an annual remuneration of HK$180,000 which is determined by the Board with reference to the Company's standard scale of emoluments for Executive Directors, his experience, duties and responsibilities.

Aged 50, graduated with a master degree in international finance and trade in the
University of International Business and Economics. Mr. Zhang started his property related business since 1996 being the chairman of the Board and the general manager of Beijing Wanqi Holdings Ltd., a property developer in Beijing. In 2009, he was also appointed the chief executive officer of the Beijing Badachu Real Estate Group Limited. Mr. Zhang has almost twenty years' experience in property development business.
The Company and Mr. Zhang have entered into a letter of appointment for a term of 3 years and subject to re-election at the forthcoming annual general meeting of the Company and retirement by rotation in accordance with the articles of association of the Company. Mr. Zhang is entitled to an annual remuneration of HK$180,000 which is determined by the Board with reference to the Company's standard scale of emoluments for Executive Directors, his experience, duties and responsibilities.

Aged 49, graduated from the Peking University with a bachelor's degree in law. He
started his career in the Beijing Uni-construction Group Limited in 1988 and became the chief executive officer of Beijing Qihui Decoration and Engineering Company since 1993. Mr. Xu is currently the chairman of the board of Beijing Heng Ji Jin Tai Real Estate Agency Co., Ltd.
The Company and Mr. Xu have entered into a letter of appointment for a term of 3 years and subject to re-election at the forthcoming annual general meeting of the Company and retirement by rotation in accordance with the articles of association of the Company. Mr. Xu is entitled to an annual remuneration of HK$144,000 which is determined by the Board with reference to the Company's standard scale of emoluments for Executive Directors, his experience, duties and responsibilities.

Aged 49, obtained his EMBA degree from Tsinghua University. Mr. Wu currently is
an executive director and chief executive officer of Beijing Enterprises Water Group Limited (SEHK stock code: 371), an associate of BPHL and the vice-chairman of the China Environmental Service Industry Association.
The Company and Mr. Hu have entered into a letter of appointment for a term of 3 years and subject to re-election at the forthcoming annual general meeting of the Company and retirement by rotation in accordance with the articles of association of the Company. Mr. Hu is entitled to an annual remuneration of HK$144,000 which is determined by the Board with reference to the Company's standard scale of emoluments for Executive Directors, his experience, duties and responsibilities.

Aged 35, graduated from the Fudan University with a bachelor's degree in finance.
Mr. Dong started his career in Ernst & Young in 2003 and later joined as a manager at the financial advisory services team of KPMG Advisory (China) Ltd. in 2006. Since
2010, he joined Ever Union Asset Management Ltd as a vice-president. Mr. Dong is also a member of the China Institute of Certified Public Accountants.
The Company and Mr. Dong have entered into a letter of appointment for a term of 3 years and subject to re-election at the forthcoming annual general meeting of the Company and retirement by rotation in accordance with the articles of association of the Company. Mr. Dong is entitled to an annual remuneration of HK$144,000 which is determined by the Board with reference to the Company's standard scale of emoluments for Executive Directors, his experience, duties and responsibilities.

Aged 51, is currently the Senior Vice President, Chief Government Affairs Officer,
General Manager of Regional Organization North of Siemens Ltd., China. Mr. Wu obtained his bachelor's degree in economics in the Capital University of Economics and Trade in Beijing. He started his career in the university as an assistant professor. In 1988, Mr. Wu joined the then Beijing representative office of Siemens as an assistant manager in finance and administration and was seconded to Germany for further management training in headquarter of Siemens in 1992. Since his return to Siemens Ltd., China in 1993, he had participated in business development in PRC, Korea, Taiwan and the United States of America. In 2007, Mr. Wu was appointed the senior vice president of Siemens Ltd., China and took over the current position since
2010.
The Company and Mr. Wu have entered into a letter of appointment for a term of 3 years and subject to re-election at the forthcoming annual general meeting of the Company and retirement by rotation in accordance with the articles of association of the Company. Mr. Wu is entitled to an annual remuneration of HK$132,000 which is determined by the Board with reference to the Company's standard scale of emoluments for Independent Non-executive Directors, his experience, duties and responsibilities.

Aged 40, is the chief financial officer and company secretary of Shunfeng
Photovoltaic International Limited (SEHK stock code: 1165) since 9 September 2010. Mr. Tse has around 15 years of working experience, over nine years of which is financial management experience. He was previously a staff accountant from 27
October 1997 to 30 September 2000, a senior accountant from 1 October 2000 to 30
September 2002 and a manager from 1 October 2002 to 22 October 2002 in the department of assurance and advisory business services in the Hong Kong office of Ernst & Young Business Services Ltd. and a manager in the department of assurance and advisory business services in Ernst & Young Hua Ming Shanghai Branch from 23
October 2002 to 28 December 2004. He was a manager in the assurance department in PricewaterhouseCoopers Ltd. from 10 January 2005 to 18 October 2005, a manager in the assurance division in Grant Thornton from 12 December 2005 to 21 January
2007, a director of corporate accounting in Flash Electronics, Inc. from 25 January
2007 to 26 January 2008 and a senior qualified accountant in Shanghai Fosun High Technology (Group) Co., Ltd. from 15 February 2008 to 15 August 2010 with concurrent appointment as the qualified accountant of Fosun International Limited (a company listed on the Main Board of the Stock Exchange) from 12 March 2008 to 15
August 2010. Mr. Tse has been a member of Certified Practicing Accountant of CPA Australia since 17 July 2001 and a member of Hong Kong Institute of Certified Public Accountants since 26 February 2002. Mr. Tse obtained a bachelors degree in commerce, majoring in accountancy and finance, from University of Wollongong, NSW, Australia on 16 July 1997.
The Company and Mr. Tse have entered into a letter of appointment for a term of 3 years and subject to re-election at the forthcoming annual general meeting of the Company and retirement by rotation in accordance with the articles of association of the Company. Mr. Tse is entitled to an annual remuneration of HK$132,000 which is determined by the Board with reference to the Company's standard scale of emoluments for Independent Non-executive Directors, his experience, duties and responsibilities.
Save as disclosed above, as at the date of this announcement, each of Mr. Zhu, Mr. Zhang, Mr. Xu, Mr. Hu, Mr. Dong, Mr. Wu and Mr. Tse does not have:
(1) any relationship with any other director, senior management or substantial or controlling shareholder of the Company; and
(2) any interest or is not deemed to have any interest or short position in any 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, Chapter 571 of the laws of Hong Kong.
Save as disclosed above, each of Mr. Zhu, Mr. Zhang, Mr. Xu, Mr. Hu, Mr. Dong, Mr. Wu and Mr. Tse does not hold any other position with the Company or any of its subsidiaries and did not hold any directorship in the last three years in any other public company, the securities of which are listed on any securities market in Hong Kong or overseas.
Each of Mr. Zhu, Mr. Zhang, Mr. Xu, Mr. Hu, Mr. Dong, Mr. Wu and Mr. Tse has confirmed that there is no information required to be disclosed pursuant to any of the requirements of Rules 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on the Stock Exchange and there are no other matters that need to be brought to the attention of the shareholders of the Company ("Shareholders") in relation to their respective appointment.
Mr. Wang has also confirmed that he has no disagreement with the Board and that he is not aware of any matter in relation to his resignation as the Chief Executive Officer and member of Nomination Committee of the Company that needs to be brought to the attention of the Shareholders. The Board would like to express its sincere appreciation to Mr. Wang for his valuable contribution to the Company during his tenure of office as Chief Executive Officer and member of Nomination Committee roles.
Mr. Liu, Mr. Zheng and Mr. Ma have confirmed that they have no disagreement with the Board and that there are no other matters that need to be brought to the attention of the Shareholders in connection with their respective resignation.
The Board would like to thank Mr. Liu, Mr. Zheng and Mr. Ma for their efforts and valuable contribution to the Company during their tenure of office in the Company, and to express its warm welcome to Mr. Zhu, Mr. Zhang, Mr. Xu, Mr. Hu, Mr. Dong, Mr. Wu and Mr. Tse on their joining the Board.

The Board further announced that, Mr. Siu Kin Wai has been appointed as the Chief
Financial Officer of the Company with effect from 23 September 2014. Mr. Siu, aged
45, is currently the chief financial officer and company secretary of BPHL and also serves as an execution director of Brilliant Bright Holdings Limited and the chief financial officer of BHL. Mr. Siu graduated from the City University of Hong Kong with a Bachelor's degree in Accountancy and is a fellow member of the Association of Chartered Certified Accountants and members of the Hong Kong Institute of Certified Public Accountants and Institute of Chartered Accountants in England and Wales. Mr. Siu has extensive experience in financial management and corporate advisory and assurance. Mr. Siu is also the independent non-executive director of Agritrade Resources Limited (SEHK stock code: 1131) since August 2010.

The Board further announced that, as a result of the appointment and resignation of certain Directors, the compositions of the Audit Committee, the Remuneration Committee and the Nomination Committee have been changed to as follows:

Xin and Mr. Ho Hao Veng.

By order of the Board Genvon Group Limited Wang Zheng Chun

Chairman

Hong Kong, 23 September 2014

As at the date of this announcement, the Board comprises eight Executive Directors, namely Mr. Wang Zheng Chun, Mr. Xu Wen Cong, Mr. Cheung Man, Mr. Zhu Shi Xing, Mr. Zhang Jing Ming, Mr. Xu Guang Yu, Mr. Hu Xiao Yong, Mr. Dong Qi and four Independent Non-Executive Directors, namely Mr. Xie Ming, Mr. Ho Hao Veng, Mr. Tse, Man Kit, Keith and Mr. Wu Yong Xin.

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