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.
CWT INTERNATIONAL LIMITED
(Incorporated in Hong Kong with limited liability)
(Stock Code: 521)
RESIGNATION OF NON-EXECUTIVE DIRECTOR
AND
LIST OF DIRECTORS AND THEIR ROLES AND FUNCTIONS
The Board hereby announces that Mr. Mung Bun Man, Alan has resigned as a Non-executive Director with effect from 25 November 2019.
RESIGNATION OF NON-EXECUTIVE DIRECTOR
The board (the "Board") of directors (the "Director") of CWT International Limited (the "Company") hereby announces that Mr. Mung Bun Man, Alan ("Mr. Mung") has resigned as a Non-executive Director with effect from 25 November 2019 in order to devote more time to other business commitments.
Mr. Mung has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.
The Board would like to take this opportunity to express its gratitude to Mr. Mung for his valuable efforts and contributions to the Company during his tenure of office with the Company.
- 1 -
LIST OF DIRECTORS AND THEIR ROLES AND FUNCTIONS
With effect from 25 November 2019, the members of the Board and the membership of the six Board committees of the Company are as follows:
Members of the Board
Executive Directors
Zhu Weijun (Co-Chairman)
Ding Lei (Co-Chairman)
Li Tongshuang (Chief Executive Officer)
Zhao Quan
Chen Chao
Independent Non-executive Directors
Leung Shun Sang, Tony
Liem Chi Kit, Kevin
Lam Kin Fung, Jeffrey
Chen Lihua
Membership of the six Board committees
Asset | ||||||
Executive | Audit | Nomination | Remuneration | Investment | Management | |
Committee | Committee | Committee | Committee | Committee | Committee | |
Directors | ||||||
Zhu Weijun | M | C | M | |||
Ding Lei | C | C | M | |||
Li Tongshuang | M | M | M | |||
Zhao Quan | ||||||
Chen Chao | ||||||
Leung Shun Sang, Tony | M | M | M | M | ||
Liem Chi Kit, Kevin | C | M | C | M | ||
Lam Kin Fung, Jeffrey | M | M | M | |||
Chen Lihua | ||||||
Others | ||||||
Lee Wa Lun, Warren | M | |||||
Li Ming (alternate to Lee Wa | A | |||||
Lun, Warren) | ||||||
Notes:
-
Chairman of the relevant Board committees M Member of the relevant Board committees
A Alternate member of the relevant Board committees - 2 -
CONTINUED SUSPENSION OF TRADING
References are made to the announcements of the Company dated 10 April 2019, 6 June 2019, 9 July 2019, 19 July 2019, 5 August 2019 and 9 October 2019. Capitalised terms used in this section headed "CONTINUED SUSPENSION OF TRADING" have the same meanings as defined in the aforementioned announcements.
At the request of the Company, trading in the shares of the Company on the Stock Exchange was suspended from 2:32 p.m. on 10 April 2019. The shares of the Company will remain suspended until the materialization of the disposal plans of the Group gearing towards the repayment of the amounts due and payable under the Facility Agreement (as amended and supplemented) and the approval of the resumption proposal of the Company by the Stock Exchange.
By order of the Board
CWT INTERNATIONAL LIMITED
Ding Lei
Executive Director
Hong Kong, 25 November 2019
As at the date of this announcement, the Board comprises Mr. Zhu Weijun (Executive Director and Co-Chairman), Mr. Ding Lei (Executive Director and Co-Chairman), Mr. Li Tongshuang (Executive Director and Chief Executive Officer), Mr. Zhao Quan (Executive Director), Mr. Chen Chao (Executive Director), Mr. Leung Shun Sang, Tony (Independent Non-executive Director), Mr. Liem Chi Kit, Kevin (Independent Non-executive Director), Mr. Lam Kin Fung, Jeffrey (Independent Non-executive Director) and Ms. Chen Lihua (Independent Non-executive Director).
- 3 -