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.

CHANGE OF EXECUTIVE DIRECTORS

The board of directors (the "Board") of Beijing Enterprises Water Group Limited (the "Company") announces that:

  1. Mr. E Meng has tendered his resignation as vice chairman of the Board and an executive director of the Company; and
  2. Ms. Sha Ning has been appointed as an executive director of the Company.

The above Board change has taken effect from 3 January 2020.

RESIGNATION OF VICE CHAIRMAN AND EXECUTIVE DIRECTOR

The Board announces that Mr. E Meng has tendered his resignation as vice chairman of the Board and an executive director of the Company with effect from 3 January 2020 due to the reach of his retirement age.

Mr. E Meng has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the holders of securities of the Company.

The Board would like to take this opportunity to express its sincere gratitude to Mr. E Meng for his valuable contributions to the Company during his tenure of office.

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board announce that Ms. Sha Ning ("Ms. Sha") has been appointed as an executive director of the Company with effect from 3 January 2020.

Ms. Sha Ning, aged 49, is a vice president of Beijing Enterprises Holdings Limited (the "BEHL") (Stock Code: 392), a company listed on the main board of the Stock Exchange of Hong Kong Limited (the "Stock Exchange") and also serves as an executive director and a vice president of Beijing Enterprises Environment Group Limited (Stock Code: 154), a company listed on the main board of the Stock Exchange. Ms. Sha graduated from the Business and Economics Faculty of Heilongjiang Institute of Commerce in

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1992, and studied Accounting in Beijing School of Business and Capital University of Economics and Business. She obtained an EMBA degree from The Hong Kong University of Science and Technology, and has been granted the title of PRC Senior Accountant. Ms. Sha joined BEHL since 2001 and has accumulated extensive experience in financial management.

Save as disclosed herein, Ms. Sha has not held any directorships in any other listed companies in the past three years.

As at the date hereof, Ms. Sha does not have any interest in any shares, underlying shares or debenture of the Company and/or its associated corporation within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed herein and as at the date of this announcement, Ms. Sha does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company (as defined in the Rules Governing The Listing of Securities on the Stock Exchange) (the "Listing Rules").

The Company and Ms. Sha entered into a letter of appointment for a term of three years effective on 3 January 2020. Pursuant to the bye-laws of the Company and the Listing Rules, Ms. Sha shall hold office until the next general meeting of the Company and, being eligible, offer herself for re-election and thereafter subject to retirement by rotation and re-election at annual general meetings of the Company. Ms. Sha is entitled to an annual director's fee of HK$120,000 and bonus at the discretion of the Board by reference to the market conditions, the Group's performance, her duties and performance.

The Board is not aware of any other matter relating to the appointment of Ms. Sha that needs to be brought to the attention of the shareholders of the Company and does not have any information required to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules.

The Board would like to take this opportunity to express welcome to Ms. Sha in joining the Board.

By Order of the Board

Beijing Enterprises Water Group Limited

Li Yongcheng

Chairman

Hong Kong, 3 January 2020

As at the date of this announcement and following change of executive directors, the board of directors of the Company comprises nine executive directors, namely Mr. Li Yongcheng (Chairman), Mr. Jiang Xinhao, Mr. Zhou Min (Chief Executive Officer), Mr. Li Haifeng, Mr. Zhang Tiefu, Mr. Ke Jian, Ms. Sha Ning, Mr. Tung Woon Cheung Eric and Mr. Li Li and five independent non-executive directors, namely Mr. Shea Chun Lok Quadrant, Mr. Zhang Gaobo, Mr. Guo Rui, Mr. Wang Kaijun and Dr. Lee Man Chun Raymond.

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Beijing Enterprises Water Group Limited published this content on 03 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2020 09:32:08 UTC