Country Garden Holdings Company Limited Announces Executive and Committee Changes
His emoluments are determined with reference to his duties and responsibilities with the Company, the Company's remuneration policy and the prevailing market conditions. Under the director service agreement, Mr. CHENG is entitled to receive a basic annual salary of RMB1,000,000 and is entitled to other fringe benefits. Furthermore, Mr. CHENG is entitled to a year end management bonus of a sum to be determined by the Board at its absolute discretion. Ms. WU, aged 49, was appointed as a vice president and the chief financial officer of the Company in April 2014 and April 2017 respectively. Ms. WU is also the chairman of the finance committee of the Company and the general manager of the finance centre of the Company. Ms. WU graduated from the Department of Public Finance and Taxation of Zhongnan University of Finance and Economics (currently known as Zhongnan University of Economics and Law) with a bachelor's degree of economics majoring in public finance in 1995, and obtained an EMBA degree from China Europe International Business School in 2015. She is qualified as a Chinese certified public accountant and a Chinese certified tax agent. Ms. WU is responsible for finance and capital management of the Group. Prior to joining the Group in 2005, Ms. WU worked at Hubei Branch of China Construction Bank and was responsible for accounting and auditing management. From 1999 to 2002, Ms. WU was the chief auditor of Guangdong Foshan Zhixin Certified Public Accountants Co. Ltd. and was responsible for reviewing the auditor's reports. From 2002 to 2005, Ms. WU worked at Shunde Finance Bureau and was responsible for the financial management of foreign investment enterprises. Since joining the Group in 2005, Ms. WU has been mainly responsible for the financial management of the Group. Ms. WU was respectively appointed in March 2018 and resigned in August 2022 as a non-executive director of Country Garden Services Holdings Company Limited, a company whose shares are listed on the Stock Exchange. Ms. WU has 17 years of experience in the management of real estate financial resources and approximately 27 years of experience in financial management. Ms. WU won the 1st place of ``Best CFO -- Property (Combined)/(Sell-Side)'' at the ``2019 All-Asia Executive Team'' and the 1st place of ``Best CFO -- Property (Sell-Side)'' at the ``2020 All-Asia Corporate Executive Team'' organized by financial magazine, Institutional Investor. The Board announces that Mr. YANG has resigned as executive committee member of the Company with effect from 20 December 2022. The Board announces that Mr. YANG has resigned as finance committee member of the Company with effect from 20 December 2022. The Board also announces that Mr. CHENG has been appointed as finance committee member of the Company with effect from 20 December 2022.