TRONY SOLAR HOLDINGS CO LTD 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.
創 益 太 陽 能 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(stock code: 2468)The board (the 'Board') of directors (the 'Directors') of Trony Solar Holdings Company Limited (the 'Company') announces that with effect from 22 October 2015:-
Mr. Wu Yi ('Mr. Wu') resigned as an independent non-executive Director due to the increased commitment on his own business and also ceased to be the chairman of the remuneration committee (the 'Remuneration Committee'), and member of each of the audit committee (the 'Audit Committee'), the nomination committee (the 'Nomination Committee') and the Independent Review Committee (the 'Independent Review Committee') of the Company; and
Mr. Cai Zhipeng ('Mr. Cai') was appointed as an independent non-executive Director and was also appointed as the chairman of the Remuneration Committee, and a member of each of the Audit Committee, the Nomination Committee and the Independent Review Committee.
Mr. Wu confirmed that he has no disagreement with the Board or the Company and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the 'Stock Exchange').
Biographical information of Mr. CaiMr. Cai, aged 25, graduated from The Open University of China (中央廣播電視大學) and majored in law and is currently an undergraduate student in economic and administration management in Nanjing Political College of People's Liberation Army (中國人民解放軍南京 政治學院). Mr. Cai has served as a soldier and squad leader in Anti-terrorism Team in
Shanghai Armed-Police (武警上海總隊反恐中隊). He was an assistant director of the eleventh engineer bureau of Zhongtai Construstion Group Co., Ltd (中太建設集團第十一工程局). He is currently the legal representative and director of Shanghai Chu Ming Calculation Technology Limited (上海觸明計算機科技有限公司). Mr. Cai does not hold any directorship in listed companies during the past three years.
Mr. Cai has signed an appointment letter issued by the Company on 22 October 2015 for an initial term of three years commencing from 22 October 2015, which is automatically renewable for a term of three years upon the expiry of the said term until termination according to the terms of the appointment letter. He is subject to retirement at the next following annual general meeting after his appointment and thereafter subject to retirement by rotation at least once every three years in accordance with the Articles of Association of the Company. Mr. Cai is entitled to a director's remuneration of US$20,000 per annum and an emolument for acting as a member of the Independent Review Committee of US$10,000 per annum, which is determined by the Board with reference to the duties and responsibilities of Mr. Cai and the prevailing market conditions.
Mr. Cai does not have any relationship with any other Director, senior management, substantial or controlling shareholder (as defined in the Rules Governing the Listing of Securities on the Stock Exchange (the 'Listing Rules')) of the Company and does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) as at the date of this announcement.
Save as disclosed above, neither there is any further information required to be disclosed pursuant to the requirements under Rule 13.51(2)(h) to (v) of the Listing Rules nor there is any other matter relating to the appointment of Mr. Cai that needs to be brought to the attention of the shareholders of the Company.
The Board would like to extend its appreciation to Mr. Wu for his valuable contribution during his tenure of office in the Company, and would also like to express its welcome to Mr. Cai for joining the Board.
GENERALAt the request of the Company, trading in the shares of the Company on the Stock Exchange has been suspended from 9:00 a.m. on 21 June 2012 and will remain suspended until further notice.
By Order of the Board
Trony Solar Holdings Company Limited Li YiChairman
Hong Kong, 22 October 2015
As at the date of this announcement, the Board comprises one executive Director, namely Mr. Li Yi (Chairman and Chief Executive Officer), and three independent non-executive Directors, namely Mr. Yan Lihu, Mr. Hu Bin and Mr. Cai Zhipeng.
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