MOBI Development Co., Ltd. Announces Directorate Changes
August 04, 2013 at 06:05 pm IST
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MOBI Development Co., Ltd. announced that Mr. Yan Andrew Y. has resigned as a non-executive Director and ceased to be a member of the remuneration committee of the Company with effect from 2 August 2013 due to his other personal commitments. Mr. Yang Dong, a non-executive
Director, has been appointed as a member of the remuneration committee of the Company to replace Mr. Yan's position with effect from 2 August 2013.
Mr. Lai Yongxiang has resigned as a non-executive Director with effect from 2 August 2013 due to his other personal commitments. Each of Mr. Yan and Mr. Lai has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company.
MOBI Development Co., Ltd. is an investment holding company principally engaged in the manufacture and sales of wireless communication antennas and base station radio frequency subsystems. The Company mainly operates through three segments. The Antenna System segment is engaged in the manufacture and sales of antenna systems and related products. Its antenna products include smart antennas, microwave antennas and repeater antennas, among others. The Base Station Radio Frequency Subsystem segment is engaged in the manufacture and sales of base station radio frequency subsystems and related products. Its radio frequency products include duplexers, filters, couplers and drives, among others. The Coverage Extension Solution segment is engaged in the manufacture and sales of coverage products. The Company operates businesses in China, Thailand, Japan, Canada, Mexico and Russia, among others.