TIDMSCGL

RNS Number : 0234T

Sealand Capital Galaxy Limited

29 June 2018

For immediate release: 29(th) June 2018

Sealand Capital Galaxy Limited

("Sealand", or "Company")

Board and Directorate Change

Sealand Capital Galaxy Limited announces that the Board has accepted the resignation of CEO, Mr Leon Lim. As a result, Mr Lim will step down from the Board of the Company with immediate effect.

Mr Nelson Law will become Executive Chairman with immediate effect and will assume responsibility for the day to day running of the business and implementing its acquisition strategy.

Nelson Law, Executive Chairman commented:

"Following an extensive internal review and the disposal of SecureCom, which was necessary given the substantial additional capital it would have required to remain competitive, the Company has concluded that new leadership is required. We are now focussing our business strategy on the enormous opportunity that WeChat Advertising and WeChat pay represents and look forward with confidence.

-ends-

Enquiries

 
 Sealand Capital Galaxy Limited 
 Law Chung Lam Nelson, Executive Chairman    + 44 7537959788 
 Nicholas Lyth, Non-Executive Director       + 44 7537959788 
 
 Belvedere Communications 
 John West                                   +44 2035670510 
 Kim van Beeck                               +44 7477967446 
 Llewellyn Angus                             +44 7407023147

Notes to Editors:

-- Sealand Capital Galaxy Limited (LSE: SCGL) is engaged in the investment and acquisition of IT and social media businesses in the APAC region with high growth potential.

-- The Company's Shares are traded on the Official List of the London Stock Exchange's main market for listed securities under the ticker SCGL.

   --      Further information on Sealand is available on its website http://www.scg-ltd.com/

Disclaimer

This announcement contains certain forward-looking statements. These statements are made by the Company's directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent uncertainties, including both economic and business factors, underlying such forward-looking information. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 29, 2018 02:40 ET (06:40 GMT)

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