As the passing away of Mr. Zhao was due to sudden sickness, rather than resignation or retirement with prior notice, the replacement of Mr. Zhao could not be perceived and planned beforehand. Since the passing away of Mr. Zhao, the Company has been actively identifying candidates and assessing their suitability, experiences, skills, qualifications and independency for making of the required recommendations to the Board for filling the vacancies. Whilst the Company had considered a number of candidates in the three months since the passing away of Mr. Zhao, additional time was required for the Company to identify suitable candidates and complete the nomination and appointment procedures in relation to the appointment of the INED.
As a result, the Company has applied to the Stock Exchange for, and the Stock Exchange has granted the Company, an extended period of three months from 22 March 2021 to 22 June 2021 to re-comply with the requirements under Rules 3.10(1), 3.10A and 3.25 of the Listing Rules.
The Company will continue to use its best endeavors to identify and appoint a new INED as soon as practicable. Further announcement(s) will be made by the Company as and when appropriate.
By Order of the Board
China Glass Holdings Limited
Hong Kong, 8 April 2021
As at the date of this announcement, the directors of the Company are as follows:
Mr. Lyu Guo
Mr. Peng Shou (Chairman) ; Mr. Zhao John Huan; Mr. Zhou Cheng (Honorary Chairman) ; and Mr. Zhang Jinshu
Independent Non-executive Directors:
Mr. Zhang Baiheng; and Mr. Chen Huachen
For identification purpose only