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.
CHANGE OF DIRECTORS
Sir Po-shing Woo resigned as a Non-executive Director of the
Company on 29 February 2012. Accordingly, Mr. Woo Ka Biu,
Jackson ceased to be an alternate to Sir Po-shing Woo on the
same date.
Mr. Woo Ka Biu, Jackson has been appointed as an Independent
Non-executive Director of the
Company with effect from 1 March 2012.
The board of directors (the "Board") of Henderson Land
Development Company Limited ("the
Company") would like to announce the following change of
directors:
Resignation of Non-executive Directors
Sir Po-shing Woo resigned as a Non-executive Director of the
Company on 29 February 2012 due to his decision to devote
more time to his personal endeavours. Accordingly, Mr. Woo Ka
Biu, Jackson ("Mr. Woo") ceased to be an alternate to Sir
Po-shing Woo on the same date.
Sir Po-shing Woo has confirmed that he has no disagreement
with the Board. There are no matters that need to be brought
to the attention of the shareholders of the Company in
relation to his resignation.
Sir Po-shing Woo had been serving on the Board for over 30
years since 1981. The Board would like to express its
gratitude to him for his support, devotion and invaluable
contribution to the Company for such a long tenure.
Appointment of Independent Non-executive Director
Mr. Woo has been appointed as an Independent Non-executive
Director of the Company with effect from 1 March 2012.
Mr. Woo, aged 49, holds a Master of Arts degree in
Jurisprudence from the Oxford University and is a qualified
solicitor in England and Wales, Hong Kong Special
Administrative Region and Australia. Mr. Woo is a partner of
Jackson Woo & Associates in association with Ashurst Hong
Kong and was a director of N M Rothschild & Sons (Hong Kong)
Limited ("Rothschild"). Prior to joining Rothschild, Mr. Woo
was a partner in the corporate finance department of Woo,
Kwan, Lee & Lo.
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Mr. Woo was an alternate to Sir Po-shing Woo, in Sir Po-shing
Woo's capacity as an non-executive director of the Company
and Henderson Investment Limited ("HIL"), a listed non-wholly
owned subsidiary company of the Company. Mr. Woo's
corresponding alternate directorship ceased at the same time
when Sir Po-shing Woo resigned from the Board of the Company
on 29 February 2012 and retired from the Board of HIL on 1
June 2010. He is a director of Kailey Group of Companies. He
is also an alternate to Sir Po-shing Woo, in Sir Po-Shing
Woo's capacity of non-executive director of Sun Hung Kai
Properties Limited, as well as an independent non-executive
director of Ping An Insurance (Group) Company of China, Ltd.,
both of which are listed companies. He is the son of Sir
Po-shing Woo. Save as disclosed above, Mr. Woo did not hold
any other directorships in the last three years in any other
public companies the securities of which are listed on any
securities market in Hong Kong or overseas, and does not have
any relationship with any other Directors, senior management,
substantial shareholders or controlling shareholders of the
Company. As at the date hereof, Mr. Woo is deemed to have a
family interest in 2,000 shares in the Company within the
meaning of Part XV of the Securities and Futures Ordinance of
Hong Kong.
By a letter of appointment with the Company, Mr. Woo has been
appointed as an Independent Non-executive Director for a term
of three years. Other than that, Mr. Woo has not entered into
a service contract with the Company. He is subject to
re-election at the next annual general meeting of the Company
following his appointment, and he is also subject to
retirement by rotation and re-election at the annual general
meetings of the Company in accordance with the Articles of
Association of the Company. He is entitled to receive a
director's fee of HK$50,000 per annum which was fixed by
shareholders of the Company at an annual general meeting.
Save as disclosed above, there are no other matters
concerning Mr. Woo's appointment that need to be brought to
the attention of the shareholders of the Company nor any
information required to be disclosed pursuant to the
requirements of Rules 13.51(2)(h) to (v) of the Rules
Governing the Listing of Securities on The Stock Exchange of
Hong Kong Limited.
The Board wishes to express its warm welcome to Mr. Woo on
his appointment.
By Order of the Board Timon LIU Cheung Yuen Company
Secretary
Hong Kong, 1 March 2012
As at the date of this announcement, the Board comprises: (1) executive directors: Lee Shau Kee (Chairman), Lee Ka Kit, Lam Ko Yin, Colin, Lee Ka Shing, Yip Ying Chee, John, Suen Kwok Lam, Lee King Yue, Fung Lee Woon King, Lau Yum Chuen, Eddie, Li Ning, Kwok Ping Ho, Patrick and Wong Ho Ming, Augustine; (2) non-executive directors: Au Siu Kee, Alexander, Leung Hay Man, Lee Pui Ling, Angelina and Lee Tat Man; and (3) independent non-executive directors: Kwong Che Keung, Gordon, Ko Ping Keung, Wu King Cheong and Woo Ka Biu, Jackson.
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