change of executive director and chief executive officer ... - HKEXnews

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.

CHANGE OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER, MEMBER OF EXECUTIVE COMMITTEE AND AUTHORISED REPRESENTATIVE The Board announces the following change of executive director and chief executive officer, member of Executive Committee and authorised representative, with effect from 31 March 2016: (1) Mr. Yim has resigned as an executive director and the chief executive officer of the Company, a member of the Executive Committee and an authorised representative of the Stock Exchange. (2) Mr. Tang has been appointed as an executive director and the chief executive officer of the Company and a member of the Executive Committee. (3) Ms. Deng Chengying, executive director of the Company, has been appointed as an authorised representative of the Stock Exchange. The board of directors (the “Board”) of LVGEM (China) Real Estate Investment Company Limited (the “Company”) announces the following change of executive director and chief executive officer, member of executive committee:(1)

RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER, MEMBER OF THE EXECUTIVE COMMITTEE AND AUTHORISED REPRESENTATIVE Mr. Yim Chun Leung (“Mr. Yim”) has tendered his resignation as an executive director and chief executive officer of the Company with effect from 31 March 2016 for his career development and other business commitments. Consequent on Mr. Yim’s resignation, he has also ceased to be a member of the executive committee of the Company (the “Executive Committee”) and an authorised representative of the Company (the “Listing Rules Authorised Representative”) pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) with effect from 31 March 2016.

1

Mr. Yim has confirmed that he has no claim against the Company in respect of his resignation and has no disagreement with the Board and there is no other matter regarding his resignation which needs to be brought to the attention of the shareholders of the Company. The Board would like to express its sincere gratitude and appreciation to Mr. Yim for his valuable contribution to the Company during his tenure of office since his appointment as an executive director of the Company in 2004. (2)

APPOINTMENT OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER AND MEMBER OF THE EXECUTIVE COMMITTEE Mr. Tang Shouchun (“Mr. Tang”), an operations director of the Company, has been appointed as an executive director and chief executive officer of the Company and a member of the Executive Committee with effect from 31 March 2016 following the resignation of Mr. Yim. Mr. Tang, aged 53, was appointed as vice president of Shenzhen LVGEM Entity Management Group Co., Ltd. (深圳市綠景企業管理集團有限公司) in October 2015 and as operations director of the Company in February 2016. Prior to joining Shenzhen LVGEM Entity Management Group Co., Ltd. (深圳市綠景企 業管理集團有限公司), Mr. Tang has been the deputy general manager of Yue Xiu Enterprises (Holdings) Limited and executive director of Yuexiu Property Company Limited (a company listed on the Stock Exchange). Mr. Tang studied business administration in Nanjing Agricultural University in his early years and obtained a doctor degree. After graduating, he has been vice professor in university, senior management in Guangdong and Guangzhou large state-owned enterprises (including Hong Kong listed companies) and was responsible for finance, capital operation, legal, audit, strategic and operation management matters. Mr. Tang is a vice professor, senior accountant, senior economist and registered asset appraiser in China. Mr. Tang has entered into a service agreement with the Company for a term of 24 months commencing on 31 March 2016 and ending on 30 March 2018. He is subject to retirement from office and re-election at the next annual general meeting of the Company after his appointment, and subsequent retirement from office and re-election at the annual general meeting of the Company and vacation of office in accordance with the articles of association of the Company and any applicable laws and rules. Mr. Tang will be entitled to a monthly salary of HK$200,000 and a year-end bonus equivalent to one month salary. Save as disclosed above, Mr. Tang did not hold any directorship in listed public companies in Hong Kong or overseas during the past three years, and he does not have any relationships with any other directors, senior management or substantial or controlling shareholders of the Company.

2

As at the date of this announcement, Mr. Tang does not have any interest in the shares, underlying shares or debentures of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Save as disclosed above, there is no other information in respect of Mr. Tang that is required to be disclosed pursuant to Rule 13.51 (2)(h) to Rule 13.51 (2)(v) of the Rules Governing the Listing of Securities of the Stock Exchange and there is no other matter which needs to be brought to the attention of the holders of the securities of the Company. The Board would like to extend its welcome to Mr. Tang to the Board. (3)

APPOINTMENT OF AUTHORISED REPRESENTATIVE Ms. Deng Chengying, executive director of the Company, has been appointed as the Listing Rules Authorised Representative with effect from 31 March 2016 to fill the role following Mr. Yim’s cessation to act the same position as mentioned above.

By order of the Board LVGEM (China) Real Estate Investment Company Limited HUANG Jingshu Chairman

Hong Kong, 31 March 2016 As at the date of this announcement, the executive directors of the Company are Miss HUANG Jingshu (Chairman), Mr. TANG Shouchun (Chief Executive Officer), Mr. YE Xingan, Mr. CHEN Tieshen and Ms. DENG Chengying; and the independent non-executive directors of the Company are Mr. ZHU Jiusheng, Mr. WANG Jing and Ms. HU Gin Ing.

3