BEIJING SPORTS AND ENTERTAINMENT INDUSTRY GROUP 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. This announcement is for information purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of ASR Logistics Holdings Limited.
ASR Logistics Holdings Limited(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1803) APPOINTMENT OF MEMBERS OF BOARD COMMITTEES APPOINTMENT OF AUTHORISED REPRESENTATIVES AND REMUNERATION OF NEWLY APPOINTED DIRECTORS APPOINTMENT OF MEMEBRS OF THE AUDIT, REMUNERATION AND NOMINATION COMMITTEESThe board of directors of the Company ("the Board") hereby announces that with effect from 23 April 2015:
Audit Committee
(i) Mr. Lok Lawrence Yuen Ming ("Mr. Lok") has been appointed as the chairman of the audit committee of the Company;
(ii) Mr. Xin Luo Lin ("Mr. Xin") has been appointed as a member of the audit committee of the Company; and
(iii) Mr. Pan Lihui ("Mr. Pan") has been appointed as a member of the audit committee of the Company.
(i) Mr. Lok has been appointed as the chairman of the remuneration committee of the Company;
(ii) Mr. Xin has been appointed as a member of the remuneration committee of the
Company;
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(iii) Mr. Pan has been appointed as a member of the remuneration committee of the
Company;
(iv) Mr. Hu Yebi ("Mr. Hu") has been appointed as a member of the remuneration committee of the Company; and
(v) Mr. Niu Zhongjie ("Mr. Niu") has been appointed as a member of the remuneration committee of the Company.
(i) Mr. Hu has been appointed as the chairman of the nomination committee of the
Company;
(ii) Mr. Lok has been appointed as a member of the nomination committee of the
Company;
(iii) Mr. Xin has been appointed as a member of the nomination committee of the
Company;
(iv) Mr. Pan has been appointed as a member of the nomination committee of the
Company; and
(v) Mr. Niu been appointed as a member of the nomination committee of the
Company.
The Board hereby announces that with effect from 23 April 2015:
(i) Mr. Hu has been appointed as an authorised representative of the Company;
and
(ii) Mr. Niu has been appointed as an authorised representative of the Company.
Reference is made to the announcement of the Company on 22 April 2015. On 22
April 2015, the following persons were appointed as Directors of the Company, and each appointment has taken effect on 23 April 2015:
(i) Mr. Hu has been appointed as an executive Director and the chairman of the
Board;
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(ii) Mr. Niu has been appointed as an executive Director and the chief executive officer of the Company;
(iii) Ms. Leung Pui Man ("Ms. Leung") has been appointed as an executive
Director of the Company;
(iv) Mr. Xin has been appointed as an independent non-executive Director of the
Company;
(v) Mr. Lok has been appointed as an independent non-executive Director of the
Company; and
(vi) Mr. Pan has been appointed as an independent non-executive Director of the
Company.
Upon the appointment of the members of the Remuneration Committee of the Company, the remuneration of the newly appointed Directors are determined as follows:
(i) Mr. Hu, Mr. Niu and Ms. Leung, each an executive Director, will receive a remuneration of HK$15,000 per month;
(ii) Mr. Lok, Mr. Xin and Mr. Pan, each an independent non-executive Director, will receive a remuneration of HK$10,000 per month.
The Board hereby announces that with effect from 23 April 2015:
Audit Committee
(i) Mr. Lok has been appointed as the chairman of the audit committee of the
Company;
(ii) Mr. Xin has been appointed as a member of the audit committee of the Company;
and
(iii) Mr. Pan has been appointed as a member of the audit committee of the Company.
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(i) Mr. Lok has been appointed as the chairman of the remuneration committee of the Company;
(ii) Mr. Xin has been appointed as a member of the remuneration committee of the
Company;
(iii) Mr. Pan has been appointed as a member of the remuneration committee of the
Company;
(iv) Mr. Hu has been appointed as a member of the remuneration committee of the
Company; and
(v) Mr. Niu has been appointed as a member of the remuneration committee of the
Company.
(i) Mr. Hu has been appointed as the chairman of the nomination committee of the
Company;
(ii) Mr. Lok has been appointed as a member of the nomination committee of the
Company;
(iii) Mr. Xin has been appointed as a member of the nomination committee of the
Company;
(iv) Mr. Pan has been appointed as a member of the nomination committee of the
Company; and
(v) Mr. Niu has been appointed as a member of the nomination committee of the
Company.
The Board hereby announces that with effect from 23 April 2015:
(i) Mr. Hu has been appointed as an authorised representative of the Company; and
(ii) Mr. Niu has been appointed as an authorised representative of the Company.
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Reference is made to the announcement of the Company on 22 April 2015. On 22
April 2015, the following persons were appointed as Directors of the Company, and each appointment has taken effect on 23 April 2015:
(i) Mr. Hu has been appointed as an executive Director and the chairman of the
Board;
(ii) Mr. Niu has been appointed as an executive Director and the chief executive officer of the Company;
(iii) Ms. Leung has been appointed as an executive Director of the Company;
(iv) Mr. Lok has been appointed as an independent non-executive Director of the
Company;
(v) Mr. Xin has been appointed as an independent non-executive Director of the
Company; and
(vi) Mr. Pan has been appointed as an independent non-executive Director of the
Company.
Upon the appointment of the members of the Remuneration Committee of the Company, the remuneration of the newly appointed Directors are determined as follows:
Mr. Hu has not entered into a service contract with the Company. His appointment will be subject to retirement and re-election at the forthcoming general meeting of the Company after this appointment and will also be subject to the retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. Hu is entitled to a monthly fee of HK$15,000 which is determined by the Board by reference to his experience, duties and responsibilities, and the prevailing market conditions.
Mr. Niu has not entered into a service contract with the Company. His appointment will be subject to retirement and re-election at the forthcoming general meeting of the Company after this appointment and will also be subject to the retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. Niu is entitled to a monthly fee of HK$15,000 which is determined by the Board by reference to his experience, duties and responsibilities, and the prevailing market conditions.
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Ms. Leung has not entered into a service contract with the Company. Her appointment will be subject to retirement and re-election at the forthcoming general meeting of the Company after this appointment and will also be subject to the retirement by rotation and re-election in accordance with the articles of association of the Company. Ms. Leung is entitled to a monthly fee of HK$15,000 which is determined by the Board by reference to her experience, duties and responsibilities, and the prevailing market conditions.
Mr. Lok has not entered into a service contract with the Company. His appointment will be subject to retirement and re-election at the forthcoming general meeting of the Company after this appointment and will also be subject to the retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. Lok is entitled to a monthly fee of HK$10,000 which is determined by the Board by reference to his experience, duties and responsibilities, and the prevailing market conditions.
Mr. Xin has not entered into a service contract with the Company. His appointment will be subject to retirement and re-election at the forthcoming general meeting of the Company after this appointment and will also be subject to the retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. Xin is entitled to a monthly fee of HK$10,000 which is determined by the Board by reference to his experience, duties and responsibilities, and the prevailing market conditions.
Mr. Pan has not entered into a service contract with the Company. His appointment will be subject to retirement and re-election at the forthcoming general meeting of the Company after this appointment and will also be subject to the retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. Pan is entitled to a monthly fee of HK$10,000 which is determined by the Board by reference to his experience, duties and responsibilities, and the prevailing market conditions.
Hong Kong, 23 April 2015
By order of the Board
Chairman
As at the date of this announcement, the executive Directors are Mr. Hu Yebi, Mr. Niu Zhongjie and Ms. Leung Pui Man and the independent non-executive Directors are Mr. Lok Lawrence Yuen Ming, Mr. Xin Luo Lin and Mr. Pan Lihui.
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