By 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 content of this announcement.
CHINA DEVELOPMENT BANK INTERNATIONAL INVESTMENT LIMITED(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1062) APPOINTMENT OF EXECUTIVE DIRECTORThe board of directors (the "Board" or the "Directors" ) of China Development Bank International Investment Limited (the "Company") is pleased to announce that Mr BAI Zhe has been appointed as an executive Director of the Company with effect from 20 January 2014.
Mr BAI Zhe, aged 37, joined the Company in July 2012 as the managing director of the Company. He is also the chief operating officer of China Development Bank International Holdings Limited. Mr BAI served as the deputy division head of Direct Investment Division IV of China Development Bank Capital Corporation Ltd.(ll!lll""Il'fIUH0n])from 2011 to 2013. From 1998 to 2011, Mr BAI had been working at, in chronological order, Tianjin Branch, a working mission of South America, Hong Kong Branch and International Finance Department of China Development Bank Corporation. Mr BAI obtained a Bachelor's degree in Law from Xiamen University in 1998. Mr BAI has extensive experience in general corporate management, international banking, finance and investment management.
Mr BAI has entered into a service agreement with the Company for a term of three years commencing on 20 January 2014 until terminated by either party by serving a notice in writing to the other of not less than three calendar months in accordance with the terms of the service agreement and subject to retirement by rotation, re-election or removal by resolution at the Company's annual general meetings in accordance with the memorandum and articles of association of the Company. Mr BAI will not receive a fixed annual fee for serving as a Director. However, Mr BAI is entitled to receive the discretionary bonus for the performance of his duties as an executive Director, which is determined with reference to the prevailing market rate and the Director's time commitment and expertise in the Company's affairs.
Save as disclosed above, as at the date of this announcement, Mr BAI has no other relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company, and does not hold any other position in the Company or any subsidiary of the Company nor any other directorship in listed public companies in the last three years preceding the date of his appointment.
1
As at the date of this announcement, Mr BAI does not have, and is not deemed to have any interests or short positions in any shares, underlying shares or debentures of the Company or any of its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance.
Save as disclosed above, there is no information relating to Mr BAI that is required to be disclosed pursuant to Rule 13.51(2)(h) to Rule 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and there is no other matter in relation to the appointment of Mr BAI that needs to be brought to the attention of the holders of securities of the Company.
The Board would like to express its warm welcome to Mr BAI on his appointment as an executive
Director of the Company.
By Order of the Board
Chairman
Hong Kong, 20 January 2014
As at the date of this announcement, the Board is comprised of Mr ZHANG Xuguang as Non-executive Director; Mr TENG Rongsong, Mr BAI Zhe and Mr LIU Xiao Guang as Executive Directors; and Mr WANG Xiangfei, Mr LU Gong and Mr FAN Ren Da, Anthony as Independent Non-executive Directors.
2
|
distributed by
|
