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Global Link Communications Holdings Limited(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8060)
- APPOINTMENT OF DIRECTORS;
- RESIGNATION OF DIRECTORS;
- CHANGE OF THE CHAIRMAN OF THE BOARD;
- CHANGE OF COMPOSITION OF BOARD COMMITTEES;
- APPOINTMENT OF COMPANY SECRETARY;
- CHANGE OF AUTHORISED REPRESENTATIVES; AND
- CHANGE OF COMPLIANCE OFFICER
APPOINTMENT OF DIRECTORS
The Board announces that, with effect from 26 May 2016,
Mr. LI Kin Shing and Mr. WONG Kin Wa have been appointed as executive Directors; and
Mr. CHEUNG Sai Ming and Mr. LIU Chun Bao have been appointed as independent non- executive Directors.
RESIGNATION OF DIRECTORS
The Board announces that, with effect from 26 May 2016,
Mr. HU Tiejun resigned as executive Director;
Mr. WING Kee Eng, Lee resigned as non-executive Director; and
Professor LU Ting Jie and Mr. LIU Kejun have resigned as independent non-executive Directors.
With effect from 26 May 2016,
Mr. MA Yuanguang resigned as the chairman of the Board and continues to act as the chief executive officer of the Company; and
Mr. LI Kin Shing has been appointed as the chairman of the Board.
With effect from 26 May 2016, the composition of the Board committees has been changed as follows:
Audit CommitteeMr. CHEUNG Sai Ming has been appointed as the chairman of the Audit Committee and Mr. LIU Chun Bao has been appointed as a member of the Audit Committee.
Mr. LEUNG Kwok Keung resigned as the chairman of the Audit Committee and continues to act as a member of the Audit Committee. Professor LU Ting Jie and Mr. LIU Kejun resigned as members of the Audit Committee.
Mr. CHEUNG Sai Ming has been appointed as the chairman of the Remuneration Committee, and Mr. WONG Kin Wa and Mr. LIU Chun Bao have been appointed as members of the Remuneration Committee.
Mr. LEUNG Kwok Keung resigned as the chairman of the Remuneration Committee, and Mr. MA Yuanguang and Mr. LIU Kejun resigned as members of the Remuneration Committee.
Mr. CHEUNG Sai Ming has been appointed as the chairman of the Nomination Committee, and Mr. LI Kin Shing and Mr. LIU Chun Bao have been appointed as members of the Nomination Committee.
Mr. LIU Kejun resigned as the chairman of the Nomination Committee, and Mr. MA Yuanguang and Mr. LEUNG Kwok Keung resigned as members of the Nomination Committee.
The Board announces that Ms. CHAN Wai Ching has been appointed as the company secretary of the Company with effect from 26 May 2016.
CHANGE OF AUTHORISED REPRESENTATIVESMr. HU Tiejun resigned as an executive Director with effect from 26 May 2016 and ceased to act as an authorised representative of the Company pursuant to Rule 5.24 of the GEM Listing Rules.
Mr. MA Yuanguang ceased to act as an authorised representative of the Company with effect from 26 May 2016.
Mr. LI Kin Shing and Mr. WONG Kin Wa have been appointed in their stead with effect from 26 May 2016.
Mr. MA Yuanguang ceased to act as the compliance officer of the Company with effect from 26 May 2016.
Mr. WONG Kin Wa, an executive Director, has been appointed as the compliance officer of the Company in his stead with effect from 26 May 2016 for the purpose of Rule 5.19 of the GEM Listing Rules.
The board (the "Board") of directors (the "Director(s)") of Global Link Communications Holdings Limited (the "Company") is pleased to announce that with effect from 26 May 2016:
Mr. LI Kin Shing and Mr. WONG Kin Wa have been appointed as executive Directors; and
Mr. CHEUNG Sai Ming and Mr. LIU Chun Bao have been appointed as independent non- executive Directors.
The biographies of the new Directors are set out below:
Executive Directors
Mr. LI Kin Shing (李健誠 ) ("Mr. LI")
Mr. LI, aged 58, has been appointed as executive Director and the chairman of the Board with effect from 26 May 2016.
Mr. LI has over 28 years of experience in the telecommunications industry. He is currently an executive director, the chairman and the chief executive officer of the International Elite Ltd. ("IEL")(Stock code: 1328) who is mainly responsible for the overall strategic planning and direction of IEL. He joined the IEL's group in 1993 and has been a director of the IEL since its establishment in 2000. He was the chief executive officer and the president of ChinaCast Education Corporation, a limited liability company incorporated in the State of Delaware, U.S.A., whose shares are displayed on the Over the Counter Bulletin Board when he resigned from these positions in 2007. Since 2009, he has been a non-executive director and the chairman of Directel Holdings Limited (Stock Code: 8337), a company listed on the Growth Enterprise Market ("GEM") and controlled by him and his spouse.
Pursuant to Mr. LI's service agreement with the Company, he has been appointed for an initial term of three years commencing from 26 May 2016. Mr. LI will be subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company. He is entitled to remuneration of HK$15,000 per month and a director's fee of HK$80,000 per annum, which is determined with reference to his duties and responsibilities in the Company, the Company's performance and the prevailing market conditions.
As at the date of this announcement and within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) ("SFO"), Mr. LI is deemed to be interested in 1,128,020,000 shares of the Company through his interest in controlled corporations, Honor Crest Holdings Limited and IEL, representing approximately 54.00% of the entire issued share capital of the Company.
Save as disclosed above, Mr. LI does not have, and is not deemed to have, any interests or short positions in the shares and underlying shares of the Company within the meaning of Part XV of the SFO.
Mr. WONG Kin Wa (黃建華) ("Mr. WONG")
Mr. WONG, aged 48, has been appointed as the executive Director with effect from 26 May 2016. He obtained a diploma in Auditing from Guangzhou Radio & TV University, the PRC, in 1988.
Mr. WONG has over 19 years of finance and marketing experience, in particular in the telecommunications industry in Hong Kong and Macau. Mr. WONG is currently an executive director, the chief financial officer, the compliance officer and authorised representative of IEL. He joined IEL's group as chief financial officer in 2000 and is responsible for the overall management of