CHINA JINMAO HOLDINGS GROUP LIMITED 
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 contents of this announcement.
(Incorporated in Hong Kong with limited liability)
(Stock Code: 00817) CHANGE IN DIRECTORSHIP
The Board hereby announces that Mr. LUO Dongjiang has resigned his positions as a non- executive Director, the Chairman of the Board and a member of the Strategy and Investment Committee of the Company with effect from 16 January 2013. Mr. HE Cao, an executive Director, has resigned his position as the Chief Executive Officer of the Company and has been re-designated as the Chairman of the Board with effect from 16 January 2013. Mr. LI Congrui, an executive Director, has resigned his position as the Vice President of the Company and has been re-designated as the Chief Executive Officer of the Company with effect from 16 January
2013. Mr. LI Xin has resigned his position as a non-executive Director and a member of the
Remuneration and Nomination Committee of the Company with effect from 16 January 2013.
The Board is pleased to announce that, on 16 January 2013, the Board has appointed Ms. SHI Dai as a non-executive Director and a member of the Remuneration and Nomination Committee of the Company with effect from 16 January 2013. Pursuant to the Articles of Association, Ms. SHI shall be subject to election by Shareholders at the first annual general meeting of the Company after her appointment.
The board of directors (the "Board") of Franshion Properties (China) Limited (the "Company") hereby announces that Mr. LUO Dongjiang has resigned his positions as a non-executive Director, the Chairman of the Board and a member of the Strategy and Investment Committee of the Company with effect from 16 January 2013. Mr. LI Xin has resigned his position as a non- executive Director and a member of the Remuneration and Nomination Committee of the Company with effect from 16 January 2013.
Mr. LUO and Mr. LI have resigned due to their other business commitments which require more of their dedications, and they have confirmed that they have no disagreement with the Board and that there are no matters relating to their resignation 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 for the contribution of Mr. LUO and Mr. LI
toward the Company during their tenure of office.
1
Mr. HE Cao, an executive Director, has resigned his position as the Chief Executive Officer of the
Company and has been re-designated as the Chairman of the Board with effect from 16 January
2013. Mr. LI Congrui, an executive Director, has resigned his position as the Vice President of the Company and has been re-designated as the Chief Executive Officer of the Company with effect from 16 January 2013.
Mr. HE, who was born in September 1955, joined the Company in February 2009 and served as the Chairman and a non-executive Director until 17 September 2009. He served as an executive Director, the Vice Chairman and the Chief Executive Officer of the Company from 18 September
2009. Since 2002, Mr. HE has been the president, vice chairman and chairman of the board of directors of China Jin Mao (Group) Company Limited. Mr. HE also holds positions in various subsidiaries of the Company. Mr. HE joined Sinochem Group in 1979, in which he had held a number of senior positions in finance management, corporate governance and investment enterprises before he was appointed as the assistant president in 2002. From 2013, he is entitled to the benefits for vice president of Sinochem Group. Mr. HE has over 20 years of solid experience in corporate governance, hotel and property investment, development and operation. Mr. HE graduated from Jilin Finance and Trade College in 1979 and the Economics Department of Renmin University of China in 1986. He graduated with a postgraduate degree majoring in Politics and Economy at Jilin University in 1995. Mr. HE obtained an executive master's degree in Business Administration from China Europe International Business School (CEIBS) in 2004. Mr. HE was awarded with the title of senior economist in 2010. Mr. HE was appointed as the co-chairman of Alliance of China Hotels Owners under China Tourist Hotel Association in 2009 and was appointed as the vice chairman of Real Estate Chamber of Commerce of National Federation of Industry and Commerce in 2010. In addition, Mr. HE was appointed as the vice chairman of Shanghai Enterprises Association, the deputy director of the Housing Policy and Market Regulation and Study Professional Committee of the Chinese Society for Urban Studies, and a member of the Green Building and Energy Saving Professional Committee of the Chinese Society for Urban Studies. Mr. HE was a delegate of the 12th and 13th session of the People's Congress of Shanghai Municipality from 2003 to 2013, and was awarded as the Model Worker of Shanghai in 2007.
The term of office of Mr. HE as a Director is three years, subject to the provisions of retirement under the articles of association of the Company (the "Articles of Association"). Mr. HE is entitled to an annual salary of HK$1,386,400 plus applicable benefits and discretionary bonus. Mr. HE's emoluments are determined by the Board with reference to his duties and responsibilities, individual performance and the results of the Company. Mr. HE does not receive any director's fee in respect of his position as a Director of the Company. As at the date of this announcement, Mr. HE had been granted share options for subscription of 1,500,000 shares of the Company. Apart from that, Mr. HE has no and is not deemed to have any interest or short position in 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, Mr. HE has not held any other position in the Company or any of its subsidiaries, has not held any directorships in other listed public company in the last three years, and does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. Further, there is no information relating to Mr. HE that needs to be disclosed pursuant to the requirements of Rule 13.51(2) of the Listing Rules nor is there anything relating to the re-designation of Mr. HE that needs to be brought to the attention of the Shareholders.
2
Mr. LI, who was born in March 1971, has been the Vice President of the Company since April
2009 and the executive Director of the Company since June 2011. Mr. LI is the director and the general manager of Sinochem Franshion Properties (Beijing) Co., Ltd. and the director of Beijing
Franshion Sunac Real Estate Development Co., Ltd. (ffJf!IlIliii
