Asian Citrus Holdings Ltd Directorate Change (7503X)
November 24 2014 - 2:00AM
UK Regulatory
TIDMACHL
RNS Number : 7503X
Asian Citrus Holdings Ltd
24 November 2014
For immediate release 24 November 2014
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Directorate Changes
The board of directors (the "Board") of Asian Citrus Holdings
Limited (the "Company") is pleased to announce the appointment of
Mr. Ng Cheuk Lun ("Mr. Mark Ng") as an Executive Director of the
Company with immediate effect.
Mr. Mark Ng, aged 38, joined the Company in July 2011. He is
currently the Company Secretary, Chief Financial Officer and an
Authorised Representative of the Company under Rule 3.05 of the
Rules Governing the Listing of Securities (the "Listing Rules") on
The Stock Exchange of Hong Kong Limited (the "HKEx"). He is
responsible for overseeing the accounting, finance and treasury
functions of the Company and its subsidiaries (the "Group") as well
as investor relations. He is a member of the Hong Kong Institute of
Certified Public Accountants and CPA Australia and has extensive
experience in the areas of finance, accounting, auditing and risk
management. He is also a director of MN CPA Limited and MN
Corporate Services Limited and an independent non-executive
director of Mayer Holdings Limited (stock code: 1116), the shares
of which are listed on the Main Board of the HKEx.
Mr. Mark Ng has entered into a letter of appointment with the
Company regarding this directorship on 24 November 2014 for a term
of three years commencing with immediate effect till 23 November
2017, which can be terminated by either party by way of written
notice of not less than three months. His appointment as director
is also subject to the relevant provisions of retirement by
rotation and re-election at the next general meeting of the
Company, pursuant to the bye-laws of the Company. He is entitled to
an annual salary of HK$1,080,000 payable on a monthly basis,
together with a payment of HK$90,000 (or a pro-rata thereof, if
having less than 12 months' service) before each Chinese New Year,
which is determined with reference to his duties and
responsibilities and the prevailing market conditions.
Save as disclosed above, Mr. Mark Ng currently does not hold any
other directorship or partnership positions in any company or
partnership. He has not held any other directorship positions in
any other listed public companies, whether in Hong Kong or
overseas, in the last five years and does not hold any positions
with the Company and other members of the Group. He does not have
any relationships with any other directors, senior management or
substantial or controlling shareholders of the Company. He does not
have any interest in the shares, underlying shares or debentures of
the Company or its associated corporations within the meaning of
Part XV of the Securities and Futures Ordinance (Chapter 571 of the
Laws of Hong Kong).
Save as disclosed herein, there are no other matters concerning
Mr. Mark Ng's appointment as an Executive Director of the Company
that need to be brought to the attention of the holders of
securities of the Company nor any information to be disclosed
pursuant to any of the requirements of Rule 13.51(2)(h)-(v) of the
Listing Rules, or under Schedule Two, paragraph (g)(i)-(viii) of
the AIM Rules for Companies.
The Board would like to take this opportunity to welcome and
congratulate Mr. Mark Ng on his appointment to the Board.
By Order of the Board
Asian Citrus Holdings
Limited
Ng Hoi Yue
Non-executive Chairman
Hong Kong, 24 November 2014
As at the date of this announcement, the Board comprises five
Executive Directors, namely Mr. Ng Ong Nee (Chief Executive
Officer), Mr. Tong Hung Wai, Tommy (Vice Chairman), Mr. Cheung Wai
Sun, Mr. Pang Yi and Mr. Ng Cheuk Lun, and five Independent
Non-Executive directors, namely Mr. Ng Hoi Yue (Non-executive
Chairman), Dr. Lui Ming Wah, SBS, JP, Mr. Yang Zhen Han, Mr. Chung
Koon Yan and Mr. Ho Wai Leung.
For further enquiries please
contact: +852 2559
Asian Citrus 0323
Mark Ng, Chief Financial Officer
and Company Secretary
Cantor Fitzgerald Europe (NOMAD +44 (0) 20
and Broker) 7894 7000
Rick Thompson / David Foreman
(Corporate Finance)
Richard Redmayne (Corporate Broking)
+44 (0) 20
Weber Shandwick Financial 7067 0700
Nick Oborne, Stephanie Badjonat,
Tom Jenkins
This information is provided by RNS
The company news service from the London Stock Exchange
END
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