Shenzhen International Holdings Limited Announces Executive Changes
May 06, 2020 at 08:13 am EDT
The board of directors of Shenzhen International Holdings Limited announced that, on 6 May 2020, Mr. Li Hai Tao, an executive Director, has been re-designated from the position of Chief Executive Officer of the Company to the Chairman of the Board and appointed as a member of the remuneration and appraisal committee of the Company (the "Remuneration and Appraisal Committee"); Mr. Gao Lei has resigned from his position as an executive Director, the Chairman of the Board and a member of the Remuneration and Appraisal Committee as he has reached retirement age; and Professor Cheng Tai Chiu, Edwin, an independent non-executive Director, has been appointed as a member of the Remuneration and Appraisal Committee. In addition, due to change in work arrangement, Dr. Yim Fung, an independent non-executive Director, resigned from his position as a Director and a
member of the Remuneration and Appraisal Committee which will be effective from 15 May 2020; and due to job re-designation, Mr. Xie Chu Dao, a non-executive Director, will retire from his position as a Director with effect from the conclusion of the annual general meeting of the Company to be held on the same date.