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Tat Hong Equipment Service Co., Ltd.
達豐設備服務有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2153)
- CHANGE OF NON-EXECUTIVE DIRECTOR;
- CHANGE OF COMPANY SECRETARY AND AUTHORISED REPRESENTATIVES; AND
- CHANGE OF BUILDING NAME OF PRINCIPAL PLACE OF BUSINESS IN HONG KONG
CHANGE OF NON-EXECUTIVE DIRECTOR
The following is made pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
Resignation of Non-executive Director
The board (the "Board") of directors (the "Director(s)") of Tat Hong Equipment Service Co., Ltd. (the "Company", together with its subsidiaries collectively, the "Group") announces that Mr. Chen Baozhi ("Mr. Chen") has tendered his resignation as a non- executive Director due to work re-arrangement with effect from 1 April 2021.
Mr. Chen has confirmed that he has no disagreement with the Board and the Company and there is no matter in respect of his resignation which ought to be brought to the attention of the Stock Exchange or the shareholders of the Company (the "Shareholders").
Appointment of Non-executive Director
The Board is also pleased to announce that Mr. Liu Xin ("Mr. Liu") has been appointed as a non-executive Director with effect from 1 April 2021.
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The biographical details of Mr. Liu are set out below:
Mr. Liu, aged 34, has more than 12 years of experience in the tower crane industry in the PRC, including experiences in the development and manufacture of tower cranes, and marketing, logistics and management of tower crane business. He obtained a Bachelor's Degree in Welding Technology and Engineering from the Harbin Institute of Technology
in July 2008. In July 2008, Mr. Liu also commenced his employment with Zoomlion Heavy Industry Science and Technology Co., Ltd.* (中聯重科股份有限公司) ("Zoomlion")
(Hong Kong Stock Exchange, Stock Code: 1157; Shenzhen Stock Exchange, Stock
Code: 000157), a company established in the PRC which mainly engages in the research, development, manufacturing and sale of construction machinery and agricultural machinery. He first started as a welding technician of Zoomlion and was subsequently promoted to different positions at the Assembly Department, the Production Department, the Marketing
Department, the Logistics Department and the Management Department. In October 2018, he joined Zoomlion Construction and Crane Machinery Co., Limited* (中聯重科建築起 重機械有限責任公司), a subsidiary of Zoomlion, and is currently the assistant to general
manager of the company, mainly responsible for strategic planning, production and sales planning, logistics management and digital operations of the company. During his career in the tower crane industry in the PRC, Mr. Liu has participated in the development and manufacture of various tower crane models, and he was also responsible for the development and operation of a digital machinery management platform which mainly serves to provide information about the conditions, working status, and repair and maintenance of machinery and equipment.
Pursuant to the letter of appointment made between the Company and Mr. Liu, Mr. Liu has been appointed as a non-executive Director for an initial term of three years commencing from 1 April 2021. In accordance with the articles of association of the Company and the Listing Rules, Mr. Liu will hold office until the first general meeting of the Company after his appointment and be subject to re-election at such meeting, and thereafter be subject to retirement by rotation and re-election at annual general meetings.
Under the aforesaid letter of appointment, Mr. Liu will receive an annual remuneration of RMB96,000. The remuneration of Mr. Liu has been determined with reference to the prevailing market condition, his role and responsibilities and the Company's remuneration policy. Such remuneration has been recommended by the remuneration committee of the Company (the "Remuneration Committee") and approved by the Board and will be reviewed by the Remuneration Committee and the Board on an annual basis.
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As at the date of this announcement and save as disclosed above, Mr. Liu (i) has not held any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas for the last three years preceding the date of his appointment or had other major appointments; (ii) does not have any interest in the shares of the Company (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)); (iii) does not hold any other positions in the Company or other members of the Group; and (iv) does not have any relationship with any other Directors, senior management, substantial shareholders or controlling shareholders (as respectively defined in the Listing Rules) of the Company.
Mr. Liu has confirmed that there is no information which is required to be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules, and there is no other matter that needs to be brought to the attention of the Shareholders in relation to his appointment.
CHANGE OF COMPANY SECRETARY AND AUTHORISED REPRESENTATIVES
Resignation of Company Secretary and Authorised Representatives
The Board announces that Ms. Yeung Ching Man ("Ms. Yeung") has tendered her resignation as a company secretary of the Company (the "Company Secretary") and has ceased to act as an authorised representative of the Company under Rule 3.05 of the Listing Rules and an authorised representative of the Company for accepting service of process and notices in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (collectively, the "Authorised Representatives") with effect from 1 April 2021.
Ms. Yeung has confirmed that she has no disagreement with the Board and the Company and there is no matter in respect of her resignation which need to be brought to the attention of the Stock Exchange or the Shareholders.
Appointment of Company Secretary and Authorised Representatives
The Board further announces that Ms. Chan Tsz Yu ("Ms. Chan") has been appointed as the Company Secretary and Authorised Representatives with effect from 1 April 2021.
The biographical details of Ms. Chan are set out below:
Ms. Chan is an assistant manager of SWCS Corporate Services Group (Hong Kong) Limited. Ms. Chan has over five years of experience in the corporate services field in sizable listed companies and professional corporate services firms. Ms. Chan is an associate member of both the Hong Kong Institute of Chartered Secretaries and the Chartered Governance Institute. In addition, she obtained a Bachelor's Degree in Economics from the Chinese University of Hong Kong.
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The Board would like to take this opportunity to express its gratitude to Mr. Chen and Ms. Yeung for their contributions to the Company during their tenure of services and welcome Mr. Liu and Ms. Chan on their new appointments.
CHANGE OF BUILDING NAME OF PRINCIPAL PLACE OF BUSINESS IN HONG KONG
The Board hereby announces that the building name of the Company's principal place of business in Hong Kong has been changed from "Sunlight Tower" to "Dah Sing Financial Centre", therefore the principal place of business of the Company in Hong Kong has been updated as 40th Floor, Dah Sing Financial Centre, No. 248 Queen's Road East, Wanchai, Hong Kong with effect from 1 April 2021. Save for the change of the building name, the physical location of the Company's principal place of business in Hong Kong remains unchanged. The Company's website, telephone number and facsimile number remain unchanged.
By Order of the Board
Tat Hong Equipment Service Co., Ltd.
Ng San Tiong
Chairman and Non-executive Director
Hong Kong, 1 April 2021
As at the date of this announcement, the Board comprises Mr. Yau Kok San and Mr. Lin Han-wei as executive Directors; Mr. Ng San Tiong, Mr. Sun Zhaolin and Mr. Liu Xin as non-executive Directors; and Mr. Wan Kum Tho, Dr. Huang Chao-Jen and Ms. Pan I-Shan as independent non-executive Directors.
* For identification purpose only
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