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.

ASIA SATELLITE TELECOMMUNICATIONS HOLDINGS LIMITED 亞洲衛星控股有限公司*

(Incorporated in Bermuda with limited liability)

Stock Code: 1135

RESIGNATION OF NON-EXECUTIVE DIRECTOR

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

AND

CHANGES OF COMPOSITION OF REMUNERATION COMMITTEE

AND COMPLIANCE COMMITTEE

The board of directors (the "Board") of Asia Satellite Telecommunications Holdings Limited (the "Company") announces the following changes of directorate with effect from 1 August 2018:

  • Mr. Peter JACKSON has resigned from his offices as (i) a Non-executive Director; (ii) a Member of the Remuneration Committee; and (iii) a Member of the Compliance Committee of the Company.

  • Dr. DING Yucheng has been appointed as (i) a Non-executive Director; (ii) a Member of the Remuneration Committee; and (iii) a Member of the Compliance Committee of the Company.

Resignation of Non-executive Director

Mr. Jackson has confirmed that his resignation is due to other personal commitments. He also confirmed that he has no disagreement with the Board and that there are no matters relating to his resignation that need to be brought to the attention of shareholders of the Company.

The Board would like to express its gratitude to Mr. Jackson for his outstanding contributions to the Company during his tenure of service.

Appointment of Non-executive Director

Biographical detail of Dr. Ding Yucheng is set out as follows:

Ding Yucheng, aged 52, is a Vice Chairman of Sun Culture Foundation.

Dr. Ding was an Assistant President of CITIC Securities Company Limited from 1998 to 2004. He was a Non-executive Director of the Company from 1999 to 2010, and an Independent Non-executive Director of SEEC Media Group Limited, a Hong Kong listed company from 2005 to 2016.

He holds a Master of Business Administration degree from the University of Pittsburgh and a Doctor of Philosophy degree in Economics from Tsinghua University.

Dr. Ding has entered into an appointment letter with the Company pursuant to which his appointment as a Non-executive Director of the Company shall be for a term of three years with effect from 1 August 2018, subject to the Bye-laws of the Company. Pursuant to the Bye-laws, Dr. Ding shall hold office until the date of next annual general meeting of the Company at which he will be eligible to offer himself for re-election. Thereafter, he will be subject to retirement by rotation and re-election in accordance with the Company's Bye-laws. He is entitled to a director's fee of HK$108,994 per annum under the relevant appointment letter. The amount of director's fee is determined with reference to his duties and responsibilities to the Company, the Company's remuneration policy and the prevailing market situation, and is subject to the approval of the shareholders of the Company at the next annual general meeting of the Company. With effect from 1 August 2018, Dr. Ding has also been appointed as a director of AsiaSat BVI Limited and Asia Satellite Telecommunications Company Limited.

Saved as disclosed above, Dr. Ding (i) is not related to any director, senior management, substantial or controlling shareholder of the Company; (ii) has not held any directorship in public companies the securities of which are listed on any securities market in Hong Kong or overseas during the last three years; and (iii) has not held any other positions with the Company and subsidiaries of the Company at any time.

As at the date of this announcement, Dr. Ding does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Save as disclosed above, there is no other information relating to Dr. Ding to be disclosed pursuant to Rule 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there is no other matter which needs to be brought to the attention of the shareholders of the Company.

The Board would like to extend its warm welcome to Dr. Ding for joining the Board.

By order of the Board of

Sue YEUNG Company Secretary

Hong Kong, 27July 2018

As at the date of this announcement, the Board comprises 11 Directors. The Executive Director is Dr. Roger Shun-hong TONG. The Non-executive Directors are Mr. Gregory M. ZELUCK (Chairman), Mr. JU Wei Min (Deputy Chairman), Mr. LUO Ning, Mr. Peter JACKSON, Mr.Julius M. GENACHOWSKI and Mr. Herman CHANG Hsiuguo. The Independent Non-executive Directors are Mr. Marcel R. FENEZ, Mr. Steven R. LEONARD, Ms. Philana Wai Yin POON and Ms. Maura WONG Hung Hung. The Alternate Director is Mr. CHONG Chi Yeung (alternate to Mr. LUO Ning).

* for identification purpose only

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Asia Satellite Telecommunications Holdings Limited published this content on 27 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 July 2018 09:36:02 UTC