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.
361 Degrees International Limited 361 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1361) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF AUDIT COMMITTEE AND NOMINATION COMMITTEE
The Board is pleased to announce that the Board has resolved
to appoint Mr. Tsui Yung Kwok as an independent non-executive
director, a member of the audit committee and the nomination
committee of the Company, with effect from 1 September
2012.
The board of directors (the "Board") of 361 Degrees
International Limited (the "Company") is pleased to announce
that the Board has resolved to appoint Mr. Tsui Yung Kwok
("Mr. Tsui") as an independent non- executive director, a
member of the audit committee and the nomination committee of
the Company with effect from 1 September 2012.
Mr. Tsui, aged 43, was awarded a bachelor degree in Business
(Accounting) by Curtin University of Technology, Australia
and a master degree in Corporate Governance by The Hong Kong
Polytechnic University. Mr. Tsui has nearly 20 years of
experience in accounting and finance. He held a senior
position in an international accounting firm in Hong Kong and
was the chief financial officer of a Hong Kong listed
company. Mr. Tsui has been the chief financial officer and
the company secretary of Ju Teng International Holdings
Limited, a company listed on the Stock Exchange of Hong Kong
Limited (the "Hong Kong Stock Exchange") (Stock Code: 03336)
since 2004. Mr. Tsui became an executive director of Ju Teng
International Holdings Limited in June 2005.
Mr. Tsui is currently an independent non-executive director
and chairman of audit committee of Shenguan Holdings (Group)
Limited, a company listed on the Hong Kong Stock Exchange
(Stock Code: 00829). Mr. Tsui is also currently an
independent non-executive director, chairman of audit
committee and a member of the remuneration committee of SITC
International Holdings Limited, a company listed on the Hong
Kong Stock Exchange (Stock Code: 01308). Mr. Tsui is a member
of the Institute of Chartered Accountants in Australia, CPA
Australia, the Hong Kong Institute of Certified Public
Accountants and the Hong Kong Institute of Chartered
Secretaries.
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Save as disclosed above, Mr. Tsui has not held any other
directorships in other listed public companies which are
listed on any securities market in Hong Kong or other places
in the past three years and does not hold any other position
with the Company and its subsidiaries. Mr. Tsui has entered
into a service contract with the Company detailing the terms
of his appointment. Mr. Tsui has been appointed for an
initial term of 3 years commencing from 1 September 2012
which may be terminated by either party furnishing written
notice of not less than 3 months and in any event subject to
rotation, retirement and re-election pursuant to the articles
of association of the Company. Mr. Tsui is entitled to a
director's remuneration of HK$420,000 per annum. Mr. Tsui's
remuneration is determined with reference to the market rate
and his experience and qualification. Save as disclosed
above, Mr. Tsui has no relationship with any director, senior
management, substantial shareholder or controlling
shareholder of the Company nor does he have any other
interest in the shares of the Company within the meaning of
Part XV of the Securities and Futures Ordinance (Chapter 571
of the laws of Hong Kong as at the date of this
announcement). Save as disclosed, there are no other matters
that need to be brought to the attention of the shareholders
of the Company and no other information that is required to
be disclosed pursuant to Rule 13.51(2) of the Rules Governing
the Listing of Securities on The Stock Exchange of Hong Kong
Limited.
The Board would like to welcome Mr. Tsui in joining the
Company.
By Order of the Board
Executive Director
Hong Kong, 22 August, 2012
As at the date of this announcement, the board of directors of the Company comprises four executive directors, namely Mr. Ding Wuhao, Mr. Ding Huihuang, Mr. Ding Huirong and Mr. Wang Jiabi, and three independent non-executive directors, namely, Mr. Yan Man Sing Frankie, Mr. Sun Xianhong and Mr. Liu Jianxing.
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