SOLOMON SYSTECH (INTERNATIONAL) LIMITED 
By
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, 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 document.
Mr. LAM Shun Fu, Percy ("Mr. Lam") has ceased to be President of Solomon Systech Limited, the major operating and wholly owned subsidiary of the Company, with effect from 1 February 2009 but remains as a director of the Company for a period of approximately four months until 31 May 2009 or the day immediately before the next Annual General Meeting, whichever comes earlier. Meanwhile, Mr. Lam was re-designated from an Executive Director to a Non-executive Director of the Company with effect from 1 February 2009.
The board of directors (the "Board") of the Solomon Systech (International) Limited (the "Company") announces that Mr. LAM Shun Fu, Percy ("Mr. Lam") has ceased to be President of Solomon Systech Limited, the major operating and wholly owned subsidiary of the Company, with effect from 1 February
2009 but remains in the Board for a period of approximately four months until 31 May 2009 or the day immediately before the next Annual General Meeting, whichever comes earlier. Meanwhile, Mr. Lam was re-designated from an Executive Director to a Non-executive Director of the Company with effect
from 1 February 2009.
Mr. Lam, aged 53, joined Solomon Systech Limited as Vice President of Operations on 3 July 2006 (re-titled as President with effect from 1 February 2007). Mr. Lam was appointed as an Executive Director of the Company on 23 October 2006. Other than the appointment by the Company, Mr. Lam has not acted as director in the last 3 years in public companies of which the securities are listed on any securities market in Hong Kong or overseas.
As at the date of this announcement, the Company has appointed Mr. Lam as a Non-executive Director of the Company for a period of approximately four months until 31 May 2009 or the day immediately before the next Annual General Meeting, whichever comes earlier. There is no specific emolument involved in this appointment. Mr. Lam will be reimbursed for reasonable directors' expenses pursuant to Article 99 of the Company's Articles of Association.
Mr. Lam does not have any relationship with any directors, senior management, substantial or controlling shareholders of the Company. As at the date of this announcement, Mr. Lam is taken to be interested in 1,428,000 shares and 1,800,000 share options totaling 3,228,000 shares representing
0.13% of the total issued capital of the Company within the meaning of Part XV of the Securities and
Futures Ordinance.
Save as disclosed above, the Board is not aware of any other matters concerning Mr. Lam that need to be brought to the attention of the shareholders of the Company nor any information to be disclosed pursuant to any of the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The Board would like to take this opportunity to thank the past contributions of Mr. Lam to the Group in his capacity as Vice President /President of Solomon Systech Limited and his continuous effort to the Board.
For and on behalf of
LEUNG Kwong Wai
Managing Director
Hong Kong, 2 February 2009
As at the date of this announcement, the Board comprises (a) Executive Directors - Mr. LEUNG Kwong Wai (Managing Director), Mr. HUANG Hsing Hua, Mr. LAI Woon Ching and Mr. LO Wai Ming, (b) Non-executive Directors - Mr. CHANG Ching Yi, Steven, Dr. LAM Pak Lee, Mr. SHEU Wei Fu (Alternate to Dr. LAM Pak Lee) and Mr. LAM Shun Fu, Percy, (c) Independent Non-executive Directors - Mr. SUN, Patrick (Chairman), Mr. CHOY Kwok Hung, Patrick, and Mr. WONG Yuet Leung,
Frankie.
|
distributed by
|
