VIETNAM MANUFACTURING AND EXPORT PROCESSING (HOLDINGS) LIMITED 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.
Vietnam Manufacturing and Export Processing (Holdings) Limited
越南製造加工出口(控股)有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 422)
APPOINTMENT OF EXECUTIVE DIRECTOR
The board (the "Board") of directors (the "Director") of Vietnam Manufacturing and Export Processing (Holdings) Limited (the "Company", together with its subsidiaries, the "Group") announces that Ms. Wu Li Chu has been appointed as an executive director of the Company with effect from 11 August 2015.
Biographical details of Ms. Wu Li Chu
Ms. Wu Li Chu (吳麗珠 ), aged 49, has over 25 years of experience in finance, administration and management by holding various positions in companies in the construction and manufacturing industry in Taiwan. She is currently the chairman of Shih Meng Construction Co., Ltd., Bao Ding Industry Co., Ltd., Cian Jing Investment Ltd., Cyun Jyu Cing Construction Ltd., and director of Jhen Ding Construction Co., Ltd., and supervisor of Chuang Fu Construction Co., Ltd. She has also worked as the finance manager at Jiou Ding Construction Co., Ltd., and finance and administration officer at Ying Cheng Construction Co., Ltd. Ms. Wu was also appointed as the chairman of four subsidiaries of the Group in May
2015, namely Vietnam Manufacturing and Export Processing Company Limited, Vietnam Casting Forge Precision Limited, Duc Phat Molds Inc. and Chin Zong Trading Company Limited.
Ms. Wu currently holds 52,392,560 shares in Sanyang Motor Co., Ltd. (formally known as
Sanyang Industry Co., Ltd.) ("Sanyang", the controlling shareholder of the Company), which represent 5.82% of Sanyang's issued share capital. Save as disclosed, as at the date of this
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announcement, Ms. Wu did not have any interest in the shares or underlying shares in the
Company within the meaning of Part XV of the Securities and Futures Ordinance.
Ms. Wu has entered into a service contract with the Company for a term of three years commencing on 11 August 2015 under which he is entitled to a remuneration comprising an annual salary of US$45,000 and a discretionary bonus to be determined by the Board and the remuneration committee of the Company having regard to the performance of the Group and with reference to Ms. Wu's experience, duties, responsibilities and performance and the Company's remuneration policy.
Ms. Wu is the sister of a Sanyang director, Mr. Wu Ching Yuan, and the aunt of another Sanyang director, Ms. Wu Huei Ting. Save as disclosed above, Ms. Wu has no other relationship with any of the other Directors, senior management or substantial or controlling shareholders of the Company and Ms. Wu did not hold any directorship in any other listed public companies during the last three years preceding the date of this announcement.
Save as disclosed above, the Board is not aware of any other matters or information relating to Ms. Wu that need to be brought to the attention of the holders of the securities of the Company nor is there any information to be disclosed by the Company pursuant to any of the requirements under the rule 13.51(2)(h) to (v) 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 express its warmest welcome to Ms. Wu in joining the Board.
By order of the Board
VIETNAM MANUFACTURING AND EXPORT PROCESSING (HOLDINGS) LIMITED
Liu Wu Hsiung
Chairman
Hong Kong, 11 August 2015
As at the date of this announcement, the board of directors of the Company comprised three executive Directors, namely Mr. Liu Wu Hsiung, Mr. Lu Tien Fu and Ms. Wu Li Chu, two non-executive Directors, namely Mr. Chang Yung Chieh and Mr. Chiu Ying Feng, and three independent non-executive
Directors, namely Ms. Lin Ching Ching, Mr. Shen Hwa Rong and Ms. Wu Kwei Mei.
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