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.
WH Group Limited ຬݲყϞࠢʮ̡
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 288)
CHANGE OF DEPUTY CHAIRMAN
The Board announces that with effect from August 14, 2018:
(1) Mr. Jiao Shuge has resigned as the Deputy Chairman but will continue to serve as the non-executive Director; and
(2) Mr. Wan Hongjian, an executive Director and the Vice President, has been appointed as the Deputy Chairman.
RESIGNATION OF DEPUTY CHAIRMAN
The board (the "Board") of directors (the "Director(s)") of WH Group Limited (the "Company", and together with its subsidiaries, the "Group") announces that Mr. Jiao Shuge ("Mr. Jiao") has resigned as the deputy chairman of the Board (the "Deputy Chairman") with effect from August 14, 2018 due to his other business commitments. Following the resignation as the Deputy Chairman, Mr. Jiao will continue to serve as the non-executive Director and a member of the remuneration committee of the Company.
Mr. Jiao has confirmed that, as at the date of this announcement, he has no disagreement with the Board, and there are no other matters in relation to his resignation as the Deputy Chairman that need to be brought to the attention of the shareholders of the Company (the "Shareholders").
The Board would like to express its sincere gratitude to Mr. Jiao for his contribution to the Company during his tenure of service as the Deputy Chairman.
APPOINTMENT OF DEPUTY CHAIRMAN
The Board announces that Mr. Wan Hongjian ("Mr. Wan") has been appointed as the Deputy Chairman with effect from August 14, 2018 to fill up the vacant office of Mr. Jiao following his resignation as the Deputy Chairman. Mr. Wan will continue to serve as an executive Director, the vice president of the Company (the "Vice President"), a member of the environmental, social and governance committee (the "Environmental, Social and Governance Committee") and the food safety committee (the "Food Safety Committee") of the Company.
The biographical details of Mr. Wan are set out as below:
Mr. Wan
Mr. Wan, age 49, is currently an executive Director, the Vice President and a member of the Environmental, Social and Governance Committee and the Food Safety Committee. He is responsible for the international trading business of the Group. Previously, Mr. Wan served as a cooked food workshop worker at Henan Luohe Meat Products Processing United Factory* ( ئیမئ̹ЂᗳᑌΥ̋ʈᅀ ) from October 1990 to December 1991, as a sales officer in the Beijing sales office of Shuanghui Group from January 1992 to October 1993, as a deputy director of the foreign trading department of Shuanghui Group from November 1993 to September 2010, as deputy general manager of Rotary Vortex Limited in charge of international trading business from February 2012 to October 2013 and as a director of international trading department of the Company from November 2015 to March 2016. Mr. Wan graduated from Henan Radio and Television University ( ئیᄿᅧཥൖɽኪ ) with an associate degree in commercial business management in July 1990. He is the son of Mr. Wan Long, the chairman of the Board and the chief executive officer of the Company.
Mr. Wan has entered into a service agreement with the Company for his appointment as an executive Director on June 4, 2018 for a term of three years commencing on June 4, 2018. Pursuant to the service agreement, Mr. Wan is not entitled to receive any Director's fee. However, Mr. Wan is entitled to receive a discretionary management bonus which will be determined by the Board with reference to the performance of the Company, the prevailing market conditions and his individual overall performance as a Director after the completion of each service year. There is no new service agreement in relation to the appointment of Mr. Wan as the Deputy Chairman.
Save as disclosed above, as at the date of this announcement, Mr. Wan (i) has not held any other positions with the Company and other members of the Group; (ii) has not held any other directorship in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; (iii) does not have any other major appointments and professional qualifications; (iv) does not have any other relationship with any Directors, senior management or substantial or controlling Shareholders; and (v) does not have any interests in the shares of the Company or the shares of its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
In addition, save as disclosed above, there is no other information required to be disclosed pursuant to any of the requirements under Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there are no other matters in connection with the appointment of Mr. Wan as the Deputy Chairman that need to be brought to the attention of the Shareholders.
By order of the Board of
WH Group Limited
Wan Long
Chairman and Chief Executive Officer
Hong Kong, August 14, 2018.
As at the date of this announcement, the executive directors of the Company are Mr. WAN Long, Mr. WAN Hongjian, Mr. GUO Lijun, Mr. SULLIVAN Kenneth Marc and Mr. MA Xiangjie; the non-executive director of the Company is Mr. JIAO Shuge; and the independent non-executive directors of the Company are Mr. HUANG Ming, Mr. LEE Conway Kong Wai and Mr. LAU, Jin Tin Don.
* For identification purposes only