SHIMAO GROUP HOLDINGS 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.
SHIMAO PROPERTY HOLDINGS LIMITED世茂房地產控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 813) RE-DESIGNATION OF DIRECTOR
The board of directors (the "Board") of Shimao Property Holdings Limited (the "Company", together with its subsidiaries, the "Group") announces that Mr. Liu Sai Fei ("Mr. Liu") has been re-designated from an executive director to a non-executive director of the Company with effect from 9 January 2015 due to his new appointment as the President of Shanghai Shimao Co., Ltd. ("Shanghai Shimao"), a company established in the PRC, the shares of which are listed on the Shanghai Stock Exchange and approximately 64.22% of its issued shares are held by the Group.
Mr. Liu, aged 53, joined the Group in 2003 and has been an executive director of the Company since 2010. He obtained a master's degree in project management from the University of Western Sydney, Australia in 2000. Mr. Liu has over 30 years' experience in architectural design and project management. Prior to joining the Group, he worked for CRG Contractors Dte from 1998 to 2001. From 2001 and 2003, he worked for Shanghai Merry Land Co. Ltd. as project manager.
Save as disclosed above, Mr. Liu does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company and did not hold any other directorships in any other listed public companies in the last three years.
As at the date of this announcement, Mr. Liu has interests, within the meaning of Part XV of the Securities and Futures Ordinance, in 508,483 shares of the Company and has a derivative interest in respect of 230,592 shares of the Company, representing approximately 0.021% of the issued capital of the Company. Mr. Liu has not entered into any service contract with the Company but is subject to retirement by rotation and re-election at the annual general meeting of the Company at least once every three years in accordance with the articles of association of the Company. In addition, he will be subject to an initial term of three years for being a non-executive director of the Company.
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Save as disclosed above, there are no other matters relating to the re-designation of Mr. Liu that need to be brought to the attention of the shareholders of the Company and there is no other information to be disclosed pursuant to any of the requirements of the provisions under paragraph 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
On behalf of the Board Shimao Property Holdings Limited Hui Wing Mau
Chairman
Hong Kong, 9 January 2015
As at the date of this announcement, the Board of the Company comprises five executive directors, namely, Mr. Hui Wing Mau (Chairman), Mr. Hui Sai Tan, Jason (Vice Chairman), Mr. Xu Younong, Ms. Tang Fei and Mr. Liao Lujiang; one non-executive director, namely, Mr. Liu Sai Fei; and three independent non-executive directors, namely, Ms. Kan Lai Kuen,
Alice, Mr. Lu Hong Bing and Mr. Lam Ching Kam.
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