CHINALCO MINING CORPORATION INTERNATIONL 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.
Chinalco Mining Corporation International中鋁礦業國際
(incorporated under the laws of the Cayman Islands with limited liability)
(Stock Code: 3668)The Company announces that due to changes in personnel allocation within the Chinalco group, Mr. Luan Shuwei has been re-designated as a non-executive Director and a member of the Future Risk Management Committee, with effect from 3 March 2016.
Mr. Luan Shuwei has resigned as the Chief Executive Officer for the above reason with effect from the same date.
As a result, Mr. Luan Shuwei has also vacated his position as the Chairman of the Future Risk Management Committee, a member of the Nomination Committee and as an Authorised Representative, with effect from the same date. Meanwhile, he will remain as a member of the Executive Committee and the Audit Committee.
The Board has appointed Mr. Liu Yuewei as an executive Director and the Chief Executive Officer with effect from 3 March 2016 to fill the vacancy arising from the re- designation and resignation of Mr. Luan Shuwei.
Mr. Liu Yuewei has also been appointed as the Chairman of the Future Risk Management Committee, as a member of each of the Nomination Committee, the Executive Committee and the Strategic Investment Committee, and as an Authorised Representative, with effect from the same date.
Mr. Huang Shanfu has resigned as an executive Director and the Vice-President with effect from 3 March 2016.
As a result, Mr. Huang Shanfu has vacated his position as a member of the Executive Committee, Future Risk Management Committee and Strategic Investment Committee, with effect from the same date.
Mr. Huang Shanfu has also resigned as a director and the General Manager of MCP, a wholly-owned subsidiary of the Company, and remain as a Deputy Senior President of MCP, with effect from 26 February 2016. Mr. Liu Yuewei has been appointed as a director of MCP, the Chairman of the board of MCP and the General Manager of MCP to fill the vacancy arising from the resignation of Mr. Huang Shanfu, with effect from the same date.
The board (the "Board" of directors ("Director(s)") of Chinalco Mining Corporation International (the "Company") announces that, due to changes in personnel allocation within the Aluminium Corporation of China ("Chinalco") group, Mr. Luan Shuwei ("Mr. Luan") has been re-designated as a non-executive Director and a member of the Future Risk Management Committee with effect from 3 March 2016.
Mr. Luan has resigned as the Chief Executive Officer of the Company ("CEO") for the above reason with effect from the same date.
As a result, Mr. Luan has also vacated his position as the Chairman of the Future Risk Management of the Company (the "Future Risk Management Committee"), as a member of the Nomination Committee of the Company (the "Nomination Committee") and as an authorised representative of the Company (the "Authorised Representative") for the purpose of The Stock Exchange of Hong Kong Limited ("Stock Exchange"), with effect from the same date. Meanwhile, he will also remain as a member of the Executive Committee and the Audit Committee.
Mr. Luan confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as the CEO and his re-designation as a non-executive Director that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange.
The Board is pleased to announce that Mr. Liu Yuewei ("Mr. Liu") has been appointed as an executive Director and the CEO with effect from 3 March 2016.
In addition, Mr. Liu has also been appointed as the Chairman of the Future Risk Management Committee, as a member of each Nomination Committee, the Strategic Investment Committee of the Company (the "Strategic Investment Committee"), the Executive Committee (the "Executive Committee") and as an Authorised Representative, with effect from the same date.
The biography of Mr. Liu is set out below.
Mr. Liu Yuewei, aged 56, is an executive Director and the CEO of the Company, and he is also the Chairman of the board of Minera Chinalco Perú S.A. ("MCP") and General Manager of MCP. He graduated from Anshan Institute of Iron and Steel Technology (鞍 山鋼鐵 學院 ) in July 1982, majoring in Open Pit Mining. He was awarded as professorate senior engineer. He joined the Chinalco group in August 2014, and served as the vice president and chief security officer of China Copper Corporation Limited (中 國銅業有限公司). He once served as the deputy director of Dexing Copper Mine of Jiangxi Copper Company Limited (江西銅業股份有限公司), the director and general engineer of Dexing Copper Mine, the deputy general manager of Jiangxi Copper Company Limited, the deputy general manager of China Metallurgical Group Copper and Zinc Co.,Ltd. (中冶集團銅鋅有限公司), the deputy general manager of China Metallurgical Australia Holding Co., Ltd. (中冶澳大利亞控股有限公司), the deputy general manager of China Metallurgical Ramu Nico Management (MCC) Limited (中冶 瑞木鎳鈷管理公司). Mr. Liu worked in China's largest open pit copper mine, Dexing
Copper Mine for a long time, and owns more than 30 years experience in open pit mining management. Moreover, Mr. Liu once worked in Australia and Papua New Guinea, and owns rich experience in international mining project management.
Save as disclosed herein, Mr. Liu does not hold any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years or any other position with the Company or any of its subsidiaries, and he did not have other major appointments and professional qualifications.
Mr. Liu has not entered into any service contract with the Company which is not terminable by the Company within one year without payment of compensation (other than statutory compensation). Mr. Liu will retire and offer himself for re-election at the next annual general meeting of the Company in accordance with the articles of association of the Company. The remuneration of Mr. Liu will be determined by the Board with reference to his duties and responsibilities in the Company, and the Company will provide updates in relation thereto in due course.
As at the date of this announcement, Mr. Liu does not have any interests that are required to be disclosed under Part XV of the Securities and Futures Ordinance (the "SFO"). Save as disclosed herein, Mr. Liu does not have any relationship with any Directors, senior management or substantial or controlling shareholders of the Company.
Save as disclosed herein, there is no other matter relating to the appointment of Mr. Liu as an executive Director and the CEO that needs to be brought to the attention of the shareholders and there is no other information in relation to the appointment of Mr. Liu which is required to be disclosed pursuant to any of the requirements of Rule 13.51(2)
(h) to Rule 13.51(2) (v) of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules").
The Board would like to express its warm welcome to Mr. Liu on the Board.
RESIGNATION OF EXECUTIVE DIRECTOR AND VICE-PRESIDENTThe Board announces that Mr. Huang Shanfu ("Mr. Huang") has resigned as an executive Director and the Vice-President of the Company for health reasons, with effect from 3 March 2016.
As a result, Mr. Huang has also vacated his position as a member of each the Executive Committee, Strategic Investment Committee and Future Risk Management Committee, with effect from the same date.
Mr. Huang confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as an executive Director and the Vice-President of the Company that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange.
In addition, Mr. Huang has also resigned as a director and the General Manager of MCP, a wholly-owned subsidiary of the Company, and remain as a Deputy Senior President of MCP, with effect from 26 February 2016. Mr. Liu has been appointed as a director of MCP, the Chairman of the board of MCP and the General Manager of MCP to fill the vacancy arising from the resignation of Mr. Huang Shanfu, with effect from the same date.
The Board wishes to express its appreciation for Mr. Huang's contribution during his term of office.
The List of Directors and their Roles and Functions, containing a list of directors and a table showing the composition of the Board committees, will be updated to reflect the above changes. The updated List of Directors and their Roles and Functions will be separately published on the websites of the Stock Exchange and the Company today.
This announcement is made pursuant to the inside information provisions under Part XIVA of the SFO and Rules 13.09 and 13.51(2) of the Listing Rules.
By order of the Board
Chinalco Mining Corporation International Liu JianpingChairman
Beijing, the PRC, 3 March 2016
As at the date of this announcement, the Company's non-executive Directors are Mr. Liu Jianping (Chairman), Mr. Luan Shuwei, Dr. Liu Hongjun and Dr. Wang Dongbo, the Company's executive Directors are Mr. Liu Yuewei and Mr. Jin Yanbing, and the Company's independent non-executive Directors are Mr. Scott McKee Hand, Mr. Ronald Ashley Hall, Mr. Lai Yat Kwong Fred and Mr. Francisco Augusto Baertl Montori.
CMC - Chinalco Mining Corporation International issued this content on 03 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 March 2016 09:23:51 UTC
Original Document: http://www.chinalco-cmc.com/u/cms/www/20160303164400z3wo_en.pdf
