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克莉絲汀國際控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1210)The board (the "Board") of directors ("Directors") of Christine International Holdings Limited (the "Company", together with its subsidiaries, the "Group") announces that, with effect from 23 December 2015, (i) Mr. Yu Lin ("Mr. Lin"), an existing non-executive Director, has been re-designated as an executive Director; and (ii) Mr. Chi-Ming Chou ("Mr. Chou"), an existing executive Director, has been re-designated as a non-executive Director.
The biographical details of Mr. Lin and Mr. Chou are set out as follows:
Executive Director
Mr. Yu Lin, aged 38, is appointed as the non-executive Director in July 2014 and re- designated as the executive Director with effect from 23 December 2015. Mr. Lin will be responsible for formulation of overall policy and guidelines in respect of the Group's business management. Mr. Lin is the founder of Raiderly Holdings Limited and has been appointed as its director since March 2013. He was an investment manager of Taiping Asset Management Company Limited* (太平資產管理有限公司)1 from November 2008 to May 2010, an investment manager in asset management department of Western Securities Co., Ltd.* (西部 證券股份有限公司資產管理部)2 from September 2005 to February 2008 and an investment manager of Bairui Trust Investment Company Limited* (百瑞信託投資有限責任公司) from April 2003 to August 2005.
1 Taiping Asset Management Company Limited is a subsidiary of China Taiping Insurance Holdings Company Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (stock code: 966).
2 Western Securities Co., Ltd. was listed on the Shenzhen Stock Exchange in May 2012 (stock code: 002673.SZ), after Mr. Lin had left the firm.
Mr. Lin graduated from the faculty of business administration of Nanjing University Business School (南京大學商學院) in July 1999 and obtained a bachelor's degree in management. He obtained a master degree in finance from the faculty of finance of the Finance School of Renmin University of China (中國人民大學財政金融學院金融系) in July 2002.
Mr. Lin has entered into a service contract with the Company for a fixed term of 3 years effective from 24 July 2015 and is subject to retirement by rotation and re-election at annual general meetings of the Company in accordance to the Articles of Association of the Company. Based on the terms of such service contract, Mr. Lin is entitled to a director's fee of RMB36,000 per annum, which was determined by the Board with reference to his duties and responsibilities as well as the then prevailing market conditions. A supplemental service contract is expected to be entered into between Mr. Lin and the Company with respect to the aforesaid re-designation. Except for the re-designation, all material terms of the service contract are expected to remain unchanged.
Except as disclosed in this announcement and save and except as holding the office as non- executive Director immediately prior to the re-designation as executive Director, Mr. Lin has not held any directorship in any listed public company or related group companies in the last three years. As of the date of this announcement, Mr. Lin is a substantial shareholder (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) of the Company and is deemed to be interested in 121,500,000 shares of the Company which are held by Add Fortune Ventures Limited, a company owned as to 50.50% by him and 49.50% by Mr. Minren Fang, representing approximately 12.03% of the issued ordinary share capital of the Company. Apart from the above, Mr. Lin has never had, and is not deemed to have, any interests or short positions in any shares, underlying shares or debentures (as defined under Part XV of the Securities and Futures Ordinance, Cap. 571 of the Laws of Hong Kong) of the Company. Except as disclosed, Mr. Lin does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders (as defined in the Listing Rules) of the Company and other members of the Group. Except as disclosed, Mr. Lin does not hold any other position with the Company and other members of the Group or any other major appointments and professional qualifications.
Non-Executive Director
Mr. Chou has entered into a service contract with the Company for a fixed term of three years commencing from 23 February 2015 and is subject to retirement by rotation and re- election at the annual general meeting in accordance to the Articles of Association of the Company. Based on the terms of such service contract, Mr. Chou is entitled a directors fee of RMB36,000 per annum, which was determined by the Board with reference to his duties and responsibilities as well as the then prevailing market conditions. A supplemental service contract is expected to be entered into between Mr. Chou and the Company with respect to the aforesaid re-designation. Except for the re-designation, all material terms of the service contract are expected to remain unchanged.
As of the date of this announcement, Mr. Chou is interested in 25,320,365 shares of the Company which are held by Masco International Corporation, a company wholly-owned by him, representing approximately 2.51% of the issued ordinary share capital of the Company. Apart from the above, Mr. Chou has never had, and is not deemed to have, any interests or short positions in any shares, underlying shares or debentures (as defined under Part XV of the Securities and Futures Ordinance, Cap. 571 of the Laws of Hong Kong) of the Company.
Save and except as holding the office as executive Director immediately prior to the re- designation as non-executive Director, Mr. Chou has not held any directorship in any listed public company or related group companies in the last three years. Save as Mr. Chou is the elder brother of Mr. Yang-Ming Chou (who wholly owns the shares in Firm Luck Investments Holding Limited which in turn holds 12,662,667 shares of the Company), Mr. Chou does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders (as defined in the Listing Rules) of the Company and other members of the Group. Except as disclosed, Mr. Chou does not hold any other position with the Company and other members of the Group or any other major appointments and professional qualifications.
Save as disclosed above, there is no matter relating to the re-designation of Mr. Lin and Mr. Chou that needs to be brought to the attention of the shareholders of the Company nor any information that needs to be disclosed pursuant to the requirements of Rules 13.51(2)(h) to (v) of the Listing Rules.
By order of the Board
Christine International Holdings Limited Tien-An LoChairman
Shanghai, the PRC, 23 December 2015
As at the date of this announcement, the executive directors are Mr. Tien-An Lo, Mr. Dun- Ching Hung and Mr. Yu Lin; the non-executive director is Mr. Chi-Ming Chou; and the independent non-executive directors are Mr. Haiming Gao, Mr. Nianlin Zhu and Ms. Wanwen Su.
* For identification purposes only
Christine International Holdings Ltd. issued this content on 2015-12-23 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-23 15:11:06 UTC
Original Document: http://www.christine.com.cn/attachment/2015122322470100002393813_en.pdf
