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Integrated Waste Solutions Group Holdings Limited

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(Incorporated in the Cayman Islands with limited liability, stock code: 923)


Re-designation of diRectoR
Mr. LAU Sai Cheong has been re-designated from an Executive Director to a Non-executive Director and ceased to be a member of the Executive Committee and the Chief Technical Officer of the Company with effect from 9
March 2015.

The board (the "Board") of directors ("directors") of Integrated Waste Solutions Group Holdings Limited (the "company", together with its subsidiaries, the "group") announces that Mr. LAU Sai Cheong ("Mr. Lau"), due to other work commitment, has been re-designated from an Executive Director to a Non-executive Director with effect from 9 March 2015. As a result of his re-designation, he has ceased to be a member of the Executive Committee ("ec") and the Chief Technical Officer of the Company ("cto") with effect from
9 March 2015. As a Non-executive Director, Mr. LAU will continue to advise the Board on the technical aspects of the operation of the Group and in fur therance of its business por tfolio.
Biographical details of Mr. LaU
Mr. LAU, aged 58, was appointed as an Executive Director on 16 Oct 2012. He joined the Company in July 2012. He has over 30 years of experience in a wide variety of private and government projects in Hong Kong, China and around Asia. From September 1981 to May 1992, Mr. LAU worked in three engineering consulting firms and two contractors responsible for the design and project management of various types of local and overseas projects. From June 1992

* Chinese name for identification purpose

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to August 1993, Mr. LAU worked in A. S. Watson & Company, Limited handling their joint venture projects in China and factor y production management in Hong Kong. Prior to joining the Company, Mr. LAU ser ved in Hong Kong Special Administrative Region Government from September 1993 to June 2012. Mr. LAU holds a bachelor of science honors degree in Electrical and Electronic Engineering from Aston University, United Kingdom. Mr. LAU is a Char tered Engineer and a member of Hong Kong Institution of Engineers.
Save and except as holding the office as Executive Director of the Company immediately prior to the re-designation as Non-executive Director of the Company, Mr. LAU has not held other directorships in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas.
A letter of appointment was entered into between the Company and Mr. LAU. Mr. LAU is appointed as Non-executive Director of the Company for a term of three years commencing from 9 March 2015 and subject to retirement and re-election pursuant to the ar ticles of association of the Company (the "Ar ticles"). He will hold office until the next following general meeting of the Company and shall be eligible for re-election in accordance with the Ar ticles. Thereafter, he will be subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the Ar ticles. Mr. LAU will be entitled to an annual director's fee of HK$360,000, which is determined with reference to his time commitment and responsibilities as well as prevailing market conditions and is subject to review by the remuneration committee of the Company from time to time.
Mr. LAU has 6,591,892 outstanding share options of the Company to subscribe for 6,591,892 ordinar y shares of the Company granted to him under the Share Option Scheme of the Company. As far as the Directors are aware and save as disclosed above, Mr. LAU was not interested or deemed to be interested in any shares or underlying shares of the Company or its associated corporations pursuant to Par t XV of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).
M r. LAU does not have any relationships with other Director s, senior management, substantial shareholder s or controlling shareholder s of the Company. As far as the Directors are aware and save as disclosed above, there is no information of Mr. LAU to be disclosed pursuant to any of the requirements under Rules 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the listing of securities on The Stock Exchange of Hong Kong Limited.

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Mr. LAU confirmed that he is not aware of any matter relating to his re- designation and ceasing to act as the member of EC and the CTO that needs to be brought to the attention of the shareholders of the Company.
The Board would like to express its gratitude to Mr. LAU for his suppor t, devotion and invaluable contribution during his tenure as Executive Director.
Hong Kong, 9 March 2015
By Order of the Board
integrated Waste solutions group Holdings Limited cHeng chi Ming, Brian

Chairman

As at the date of this announcement, the Board comprises three executive directors, namely, Messrs. SUEN Wing Yip, TO Chun Wai and TAM Sui Kin, Chris; three non-executive directors, namely, Messrs. CHENG Chi Ming, Brian (Chairman), TSANG On Yip, Patrick and LAU Sai Cheong; and three independent non-executive directors, namely, Messrs. NGUYEN Van Tu, Peter, CHOW Shiu Wing, Joseph, and WONG Man Chung, Francis.

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