RCG Holdings Limited Re-Designation of Existing Director (4085U)
December 02 2013 - 4:00AM
UK Regulatory
TIDMRCG
RNS Number : 4085U
RCG Holdings Limited
02 December 2013
2 December 2013
RCG Holdings Limited
(the "Company" and together with its subsidiaries, the
"Group")
RE-DESIGNATION OF EXISTING DIRECTOR
The board of directors (the "Director(s)") (the "Board") of RCG
Holdings Limited (AIM: RCG, HKSE: 802), announces that Mr. Wang
Zhongling, an existing Executive Director of the Company ("Mr.
Wang"), who had been serving as the Acting Chairman and Acting
Chief Executive Officer of the Company, has been promoted to Chief
Executive Officer of the Company with immediate effect.
The Company continues to seek a suitable permanent candidate for
the role of Chairman of the Board. For the time being, Mr. Wang
remains as the Acting Chairman of the Company.
Mr. Wang, aged 30, is presently one of the executive directors
to the Company and is responsible for the Group's technology
investment and management. He holds a Diploma in Computer Science
from the Jiaying College in China. Prior to joining the Company,
Mr. Wang was, from 2008, the deputy general manager of Shenzhen
Giinwin Technology Co. Ltd., a company specializing in computer
intelligence and software development, wireless communication,
smart device development, system integration and technical
consultancy and where he was responsible for its operation and
management. Mr. Wang has had more than 10 years' experience in
managing smart system projects in the technology sector and has
held a number of senior technology related positions.
Under the present appointment letter of Mr. Wang entered into
with the Company, the term of service is one year with an annual
remuneration of HK$240,000.00. With the consent of both parties,
this promotion shall be subjected to the same terms and conditions
as stipulated in the present appointment letter. Mr. Wang's
emolument was determined with reference to his duties and
responsibilities with the Company and the Company's standard for
emoluments.
Mr. Wang has not been a director in any other listed company in
the past three years.
As at the date of this announcement, Mr. Wang does not have any
interests or short positions in the Company's shares within the
meaning of Part XV of the Securities and Futures Ordinance. Mr.
Wang does not have any relationship with any current or former
director, senior management, or substantial or controlling
shareholders of the Company.
Save as disclosed above, the Board is not aware of any other
matter in relation to the promotion of Mr. Wang that needs to be
brought to the attention of the shareholders of the Company or any
information about Mr. Wang required to be disclosed pursuant to
Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited.
Enquiries:
RCG Holdings Limited Tel: +852 2637 2800
Wang Zhongling, Chief Executive Officer
ir@rcg.tv
Smith & Williamson Corporate Finance Limited Tel: +44 (0) 20 7131 4000
(Nominated adviser and broker)
Dr. Azhic Basirov / David Jones
This information is provided by RNS
The company news service from the London Stock Exchange
END
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