CHINA CITIC BANK CORPORATION 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.
(A joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock Code: 998)
The board of directors (the "Board") of China CITIC Bank Corporation Limited (the "Bank") hereby announces that Board has approved the nomination of Ms. Chen Lihua ("Ms. Chen") and Mr. He Cao ("Mr. He") as independent non-executive directors of the fourth session for the Board of the Bank; and the nomination of Ms. Huang Fang ("Ms. Huang") as an non-executive director of the fourth session for the Board of the Bank. According to the articles of association of the Bank and applicable laws and regulations of the People's Republic of China (the "PRC"), after Shanghai Stock Exchange approving the appointment and independence of Ms. Chen and Mr. He, the effectiveness of the appointment of Ms. Chen, Mr. He and Ms. Huang is subject to the approval of the shareholders of the Bank at its general meeting and the approval of China Banking Regulatory Commission ("CBRC"). The Board has agreed to submit these resolutions to the Bank's first extraordinary general meeting of 2016.
The particulars of Ms. Chen are set out below: Ms. Chen Lihua, Chinese Nationality
Dr. Chen Lihua, born in September 1962, is the director, professor, and doctoral tutor of the Department of Management Science and Information System at the Guanghua School of Management, Peking University. She currently serves as the director of Peking University's Research Center for circulation economy and management; director of Peking University Luen Thai Center for Supply Chain System R&D; vice-president of Development Strategy Research Institute of the National Hi-Tech Industrial Development Zone of Peking University; deputy director of Research Center for Entrepreneurship and Venture Capital in the 21st century of Peking University; vice-chairman of China Society of Logistics; deputy director of the Specialized Committee of China Information Economics Society; member of the experts committees of China National Tourism Administration; expert of National High-tech Zone of Ministry of Science and Technology. Ms. Chen served as the general manager of Beijing Junshi
Century Information Technology Co., Ltd. from 1999 to 2001. Beijing Junshi Century Information Technology Co., Ltd. mainly engaged in bank equipment development, production and marketing. Ms. Chen served as an independent non-executive director at Asia Tiger Group from 2005 to 2006, a company listed in Singapore. Ms. Chen obtained a bachelor's degree in Science from Jilin University of Technology in 1983, a master's degree in Science from Jilin University of Technology in 1988, a Ph.D. in Management Science from City University of Hong Kong in 1998 and was engaged in postdoctoral research in the Academy of Mathematics and Systems Science of the Chinese Academy of Science from 1999 to 2000.
Ms. Chen mainly focuses on the research and teaching work in the sphere of management science, supply chain finance, logistics finance, supply chain & logistics management, logistics park management, circulation economics & management, service operation management, high-tech zone & industry management, scientific innovation & management, venture capital and entrepreneurial management. In the research fields above, Ms. Chen has been keeping up cooperation and communication with a wide range of international agencies, including Stanford University, George Mason University, Roma University, Hong Kong universities, etc. As a director or a key member, Ms. Chen has participated in many international collaborative projects and key projects supported by National Science Foundation or provinces and ministries. She has published lots of papers including Supply chain coordination based on the trade credit and option contract under capital constraint in international famous journals such as European Journal of Operational Research, Proceeding of Workshop on Internet and Network Economics, etc. Ms. Chen's primary research reports include Research on the Finance Model of Yao Medicine Industry Supply Chain and Research on the Finance Model of Agricultural Industry Supply Chain.
The Board has approved the nomination of Ms. Chen as an independent non-executive director of the Bank. Her term of office will be from the date of approval by CBRC to the expiry date of the term of office of the fourth session of the Board and Ms. Chen can be re-appointed after the expiry of her initial term of office. She shall serve no more than 6 consecutive years in the Bank. Ms. Chen will receive RMB300,000 (before tax) per annum as director's allowance from the Bank during her term as an independent non-executive director. Ms. Chen will enter into a service contract with the Bank after the approval of her appointment.
Ms. Chen has confirmed that, save as disclosed above, (1) she does not hold any position with the Bank or any of its subsidiaries and has not been a director or supervisor in any other listed companies in the past three years; (2) she is not connected with any directors, supervisors, senior management or substantial or controlling shareholders of the Bank or any of its subsidiaries; and
(3) she does not have any interest in any shares of the Bank within the meaning of Part XV of the Securities and Futures Ordinance of Hong Kong as at the date of this announcement.
In addition, Ms. Chen has confirmed that there is no other information in respect of her appointment that is discloseable pursuant to Rules 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited; and there is no other matter that needs to be brought to the attention of the shareholders of the Bank.
Ms. Chen's appointment is subject to CBRC's approval. Mr. Yuan Ming, who resigned from the post of independent non-executive director of the Bank due to his working energy and personal
time arrangement, will continue to serve as the independent non-executive director of the fourth session of the Board and members of Board committees of the Bank until Ms. Chen assumes office as the independent non-executive directors of the Bank.
The particulars of Mr. He are set out below: Mr. He Cao, Chinese Nationality
Mr. He Cao, born in September 1955, senior economist, is the former chairman of China Jinmao Group (formerly named Franshion Properties (China) Limited, Stock Code: HK.00817) and the former chairman of Jinmao Investments & Jinmao (China) Investments Holdings Limited (Stock Code: HK.06139). Mr. He joined Sinochem Group in 1979 and had held a number of senior positions in finance management, business management and investment enterprises of Sinochem Group before he was appointed as the assistant president in 2002. Since 2013, he has been entitled to the benefits for vice-president of Sinochem Group. Since 2002, Mr. He has been the president, vice chairman and chairman of the board of directors of China Jin Mao (Group) Company Limited. During his term of office, he successfully operated the business of Shanghai Jin Mao Tower. Mr. He headed the investment, acquisition and development of luxurious five- star hotels and properties in a host of first-tier cities and premium resorts, making Jin Mao Group a prestigious high-end commercial real estate developer and operator in China. Mr. He served as the chairman, executive director and CEO of Franshion Properties (China) Limited in January 2009. Due to the endeavour and leadership of Mr. He, Franshion Properties (China) Limited and Jin Mao Group completed a strategic restructuring during 2009 to 2010 and completed the spin- off of the properties in Jin Mao Tower and eight high-end hotels of Franshion Properties in 2014, so that they were successfully and separately listed on The Stock Exchange of Hong Kong Limited by trust structure under the name of Jinmao Investments and Jinmao Holdings. Mr. He currently serves as the co-chairman of Alliance of China Hotels Owners under China Tourist Hotel Association and the vice-president of Real Estate Chamber of Commerce of National Federation of Industry and Commerce. In addition, Mr. He was appointed as the executive chairman of Shanghai Nonlocal Enterprises Federation, the deputy director of the Housing Policy and Market Regulation Professional Committee of the Chinese Society for Urban Studies, and a member of the Green Building and Energy Saving Professional Committee of the Chinese Society for Urban Studies. Mr. He was a delegate of the 12th and 13th session of the People's Congress of Shanghai Municipality. He was awarded as the Model Worker of Shanghai in 2007 and awarded as the Economic Figures of 20 Years' Development and Opening-up of Pudong District of Shanghai in 2012. Mr. He graduated from Jilin Finance and Trade College in 1979 with a technical secondary school education degree and graduated from Economics Department of Renmin University of China in 1986 with a college degree. He completed his postgraduate studies majoring in politics and economy at Jilin University in 1987. Mr. He obtained an executive master's degree in Business Administration from China Europe International Business School (CEIBS) in 2004.
The Board has approved the nomination of Mr. He as an independent non-executive director of the Bank. His term of office will be from the date of approval by CBRC to the expiry date of the term of office of the fourth session of the Board and Mr. He can be re-appointed after the expiry of his initial term of office. He shall serve no more than 6 consecutive years in the Bank. Mr. He
will receive RMB300,000 (before tax) per annum as director's allowance from the Bank during his term as an independent non-executive director. Mr. He will enter into a service contract with the Bank after the approval of his appointment.
Mr. He has confirmed that, save as disclosed above, (1) he does not hold any position with the Bank or any of its subsidiaries and has not been a director or supervisor in any other listed companies in the past three years; (2) he is not connected with any directors, supervisors, senior management or substantial or controlling shareholders of the Bank or any of its subsidiaries; and
(3) he does not have any interest in any shares of the Bank within the meaning of Part XV of the Securities and Futures Ordinance of Hong Kong as at the date of this announcement.
In addition, Mr. He has confirmed that there is no other information in respect of his appointment that is discloseable pursuant to Rules 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited; and there is no other matter that needs to be brought to the attention of the shareholders of the Bank.
Mr. He appointment is subject to CBRC's approval. According to the relevant resolutions approved at the annual general meeting of 2014 of the Bank, Mr. Qian Jun ("Mr. Qian") will serve as the independent non-executive director of the Bank upon CBRC's approval of his appointment. Before Mr. Qian or Mr. He assume office as the independent non-executive directors of the Bank (depending on the date CBRC approves their appointments), Mr. Li Zheping ("Mr. Li") will continue to serve as the independent non-executive director. Since Mr. Li has served as the independent non-executive director of the Bank for more than 6 years, when Mr. Qian or Mr. He assume office as the independent non-executive directors of the Bank with the number and structure of the members of the Board complying with the regulatory requirements, Mr. Li will carry out resignation procedure according to the articles of association of the Bank.
The particulars of Ms. Huang are set out below: Ms. Huang Fang, Chinese Nationality
Ms. Huang Fang, born in May 1973, is a director, vice-president and CFO of Zhejiang Xinhu Group Co., Ltd. and director of Xinhu Zhongbao Co., Ltd.. Ms. Huang Fang served successively as the deputy general manager of international business department of business office of Zhejiang Branch of Agricultural Bank of China Limited ("ABC"), vice-president of ABC Hangzhou Baochu Branch (in charge of work), deputy general manager of corporate business department of business office of ABC Zhejiang Branch, deputy general manager (in charge of work), general manager of personal finance department of business office of ABC Zhejiang Branch from August 1992 to September 2010. She served as the vice-president and CFO of Xinhu Holding Co., Ltd. from October 2010 to July 2011. She has been the vice-president and CFO of Zhejiang Xinhu Group Co., Ltd. since July 2011 and serves as a director of Zhejiang Xinhu Group Co., Ltd. since August 2013. She serves as a director of Xinhu Zhongbao Co., Ltd. since November 2015. Ms. Huang has rich experience in financial industry, excellent leadership skills and organizational coordination ability. She possesses innovation and pioneering spirit and is able to actively promote the innovation and application of financial products. Ms. Huang graduated from
China CITIC Bank Corporation Limited issued this content on 26 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 January 2016 13:29:06 UTC
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