CHINA TONTINE WINES GROUP LIMITED 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.
中國通天酒業集團有限公司
(incorporated in Bermuda with limited liability)
(Stock Code: 389)The Board announces that, with effect from 15 January 2016:
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Mr Li Changgao（ 李常高）has resigned as independent non-executive director of the
Company and ceased to serve as a member of each of the audit, remuneration and nomination committees of the Board; and
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Mr Yang Qiang（ 楊強）has been appointed as independent non-executive director of
the Company and will also serve as a member of each of the audit, remuneration and nomination committees of the Board.
The board of directors (the "Board") of China Tontine Wines Group Limited (the "Company", together with its subsidiaries, the "Group") announces the following changes to the members of the Board.
Mr Li Changgao（ 李常高）("Mr Li") has resigned as independent non-executive director of the Company with effect from 15 January 2016 as he wishes to devote more time to his personal affairs and commitments. Following his resignation, Mr Li has ceased to serve as a member of the audit committee, the remuneration committee and the nomination committee of the Board.
Mr Li confirmed that he had no disagreement with the Board. The Board and Mr Li also confirmed that there was no matter regarding Mr Li's resignation that needed to be brought to the attention of the shareholders of the Company.
The Board wishes to express its sincere gratitude to Mr Li for his invaluable contribution to the Group during his tenure of service.
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORMr Yang Qiang（ 楊強）("Mr Yang") has been appointed as independent non-executive director of the Company with effect from 15 January 2016. Following his appointment, Mr Yang will also serve as a member of the audit committee, the remuneration committee and the nomination committee of the Board.
Mr Yang, aged 55, holds a bachelor degree in mechanical engineering from Beijing Institute of Technology（ 北京理工大學）. He is experienced in the wine industry in the PRC and has been serving as the secretary of the expert committee of the Grape and Fruit Wine of the China National Food Industry Association*（ 中國食品工業協會葡萄酒、果酒專家委員會）for many years.
Mr Yang has signed an appointment letter with the Company pursuant to which he has agreed to act as an independent non-executive director of the Company for an initial term of two years commencing from 15 January 2016, renewable automatically for successive terms of one year upon expiry of the then current term of his appointment unless terminated in accordance with the terms of the appointment letter. Mr Yang is also subject to retirement by rotation and re-election in accordance with the bye-laws of the Company.
Mr Yang is entitled to a director's remuneration of RMB120,000 per annum and such other benefits as may be determined by, and at the discretion of, the Board from time to time. The level of Mr Yang's emolument was determined by the Board with reference to his experience, qualification, duties and responsibilities within the Group and the prevailing market conditions.
As at the date of this announcement, other than his independent non-executive directorship in the Company and as disclosed above, Mr Yang
did not hold any position with the Company or other members of the Group;
had not been a director in any listed public companies in Hong Kong or overseas in the last three years;
did not have any relationships with any directors, senior management, substantial or controlling shareholders of the Company; and
did not, directly or indirectly, have any interest in any shares or underlying shares in the Company pursuant to Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The Board is not aware of any matter in relation to the appointment of Mr Yang that is required to be disclosed pursuant to the requirements of paragraphs (h) to (v) of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited or any other matters that need to be brought to the attention of the shareholders of the Company.
The Board would like to take this opportunity to express its warm welcome to Mr Yang for joining the Board.
By order of the Board
China Tontine Wines Group Limited Wang GuangyuanChairman and Executive Director
Hong Kong, 15 January 2016
As at the date of this announcement, the executive directors of the Company are Mr Wang Guangyuan, Mr Zhang Hebin and Ms Wang Lijuan and the independent non-executive directors of the Company are Mr Sih Wai Kin, Daniel, Mr Lai Chi Keung, Albert and Mr Yang Qiang.
* For identification purpose only
China Tontine Wines Group Limited issued this content on 2016-01-15 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-15 11:57:28 UTC
Original Document: http://www.tontine-wines.com.hk/attachment/2016011519470100002412866_en.pdf
