The board of directors of Changmao Biochemical Engineering Company Limited announced that Au Fung Lan has been appointed as the independent non-executive Director by the Board as it has been so authorised pursuant to the resolutions passed at the extraordinary general meeting of the Company, the class meeting of the holders of the Domestic Shares and Foreign Shares and the class meeting of the holders of the H Shares held on 16 May 2013 for a term of one year from 20 June 2013 until the conclusion of the next following annual general meeting of the Company to be held in 2014. Her appointment is made, in view of the Company's proposed transfer of listing from the Growth Enterprise Market ("GEM") to the Main Board of The Stock
Exchange of Hong Kong Limited, in order to comply with the requirements set out under Rule 19A.18(1) of the Rules Governing the Listing of Securities on the Stock Exchange, which requires that at least one of the independent non-executive Directors must be ordinarily resident in Hong Kong. Ms. Au, aged 38, has 12 years of experience in investment banking in Hong Kong.
Ms. Au has also been appointed as a member of the audit committee, remuneration committee and nomination committee of the Company effective from 20 June 2013.