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.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8173)
The Board is pleased to announce that:
Ms. Yip Man Yi and Mr. Shiu Chi Tak, Titus have been appointed as executive Directors of the Company with effect from 14 November 2015; and
Dr. Wan Ho Yuen, Terence has been appointed as an independent non-executive Director of the Company with effect from 14 November 2015.
The board (the 'Board') of directors (the 'Directors') of Pan Asia Mining Limited (the 'Company') is pleased to announce that with effect from 14 November 2015, Ms. Yip Man Yi ('Ms. Yip') and Mr. Shiu Chi Tak, Titus ('Mr. Shiu') have been appointed as executive Directors of the Company and Dr. Wan Ho Yuen, Terrence ('Dr. Wan') has been appointed as an independent non-executive Director of the Board.
Ms. Yip
Ms. Yip, aged 44, graduated from Seneca College of Applied Arts and Technology, Toronto, Canada and has over 18 years' experience in financial market and money market. Ms. Yip has worked with HSBC Market (Asia) Limited for Global Markets and company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the 'Stock Exchange') who was actively involved in formulating investment strategy and was responsible for overseeing the management operations of various investment projects.
Ms. Yip also has experience in the management of listed company at Hong Kong. She was a chairman and an executive director and a member of the remuneration committee of Evershine Group Holdings Limited (formerly known as TLT Lottotainment Group Limited) (stock code: 8022), a company listed on the Growth Enterprise Market of the Stock Exchange for the period from 10 April 2012 to 2 October 2013. She was a managing director and an executive director of Unity Investments Holdings Limited (stock code: 913), a company listed on the Main Board of the Stock Exchange for the period from 7 October 2013 to 29 November 2013.
Save as disclosed above, Ms. Yip has not held any position with the Company or any of its subsidiaries. Ms. Yip has not held any directorships in any other listed public companies in the last three years.
As at the date of this announcement, Ms. Yip does not have any interests in the shares 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).
Ms. Yip does not have any relationship with any directors, senior management or substantial (as defined in the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the 'GEM Listing Rules') or controlling shareholders (as defined in the GEM Listing Rules) of the Company.
Ms. Yip has not entered into any service agreement with the Company and her appointment has no fixed term. She will hold office until the next annual general meeting of the Company and is thereafter subject to retirement by rotation and re-election in accordance with the articles of association of the Company. Ms. Yip will be entitled to a salary of HK$520,000 per annum which has been determined by reference to her expected duties and responsibilities and the prevailing market conditions.
Save as disclosed above, there is no other matter concerning the appointment of Ms. Yip that needs to be disclosed pursuant to Rule 17.50 of the GEM Listing Rules or needs to be brought to the attention of the shareholders of the Company.
Mr. Shiu
Mr. Shiu, aged 33, holds a Master of Science Degree in Marketing Management, The Hong Kong Polytechnic University. He has practical experiences in corporate finance projects for listed companies in Hong Kong including corporate advisories, mergers and acquisitions and fund raising activities.
Mr. Shiu has not held any position with the Company or any of its subsidiaries. He has not held any directorships in any other listed public companies in the last three years.
As at the date of this announcement, Mr. Shiu does not have any interests in the shares 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).
Mr. Shiu does not have any relationship with any directors, senior management or substantial (as defined in the GEM Listing Rules) or controlling shareholders (as defined in the GEM Listing Rules) of the Company.
Mr. Shiu has not entered into any service agreement with the Company and his appointment has no fixed term. He will hold office until the next annual general meeting of the Company and is thereafter subject to retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. Shiu will be entitled to a salary of HK$325,000 per annum which has been determined by reference to his expected duties and responsibilities and the prevailing market conditions.
Save as disclosed above, there is no other matter concerning the appointment of Mr. Shiu that needs to be disclosed pursuant to Rule 17.50 of the GEM Listing Rules or needs to be brought to the attention of the shareholders of the Company.
Dr. Wan
Dr. Wan, aged 48, is currently the director of an accounting firm based in Hong Kong. Dr. Wan was an independent non-executive Director of China Railsmedia Corporation Limited, a company listed on the Main Board (stock code: 745) from 17th January 2014 to 8 th April 2015. Dr. Wan obtained a bachelor of law degree from Tsing Hua University, the PRC in January 2004; and a doctorate degree of philosophy in business administration from Bulacan State University, Philippines in May 2006. Dr. Wan is a certified public accountant (Practicing) of Hong Kong Institute of Certified Public Accountants. Dr. Wan has over 10 years of experiences in taxation advisory, business management and accounting with several professional accounting firms and companies.
Save as disclosed above, Dr. Wan has not held any position with the Company or any of its subsidiaries. Dr. Wan has not held any directorships in any other listed public companies in the last three years.
As at the date of this announcement, Dr. Wan does not have any interests in the shares 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).
Dr. Wan does not have any relationship with any directors, senior management or substantial (as defined in the GEM Listing Rules) or controlling shareholders (as defined in the GEM Listing Rules) of the Company.
Dr. Wan has not entered into any service agreement with the Company and his appointment has no fixed term.. He will hold office until the next annual general meeting of the Company and is thereafter subject to retirement by rotation and re-election in accordance with the articles of association of the Company. Dr. Wan will be entitled to a salary of HK$180,000 per annum which has been determined by reference to his expected duties and responsibilities and the prevailing market conditions.
Save as disclosed above, there is no other matter concerning the appointment of Dr. Wan that needs to be disclosed pursuant to Rule 17.50 of the GEM Listing Rules or needs to be brought to the attention of the shareholders of the Company.
The Board welcomes the joining of Ms. Yip, Mr. Shiu and Dr. Wan.
By order of the Board Pan Asia Mining Limited Chan Ming Cho, Joe Company Secretary
Hong Kong, 13 November 2015
As at the date of this announcement, the Board comprises three executive Directors, Mr. Michael Koh Tat Lee, Mr. Cheung Hung Man and Mr. Tan Chong Gin; two non-executive Director, Mr. Liang Tong Wei and Mr. Wong Chi Man; and three independent non-executive Directors, Mr. Chu Hung Lin, Victor, Mr. Tong Wan Sze and Fung Kwok Leung.
This announcement, for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this document misleading.
This announcement will remain on the page of 'Latest Company Announcement' on the GEM website for at least 7 days from the date of its posting.
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