Nov 15, 2016 - Executive Officer and ceased to be the Senior Vice President of COLI; ... meaning of Part XV of the Secur
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CHINA OVERSEAS PROPERTY HOLDINGS LIMITED 中海物業集團有限公司 (Incorporated in the Cayman Islands with limited liability)
（Stock Code: 2669）
ANNOUNCEMENT CHANGE OF CHAIRMAN AND NON-EXECUTIVE DIRECTOR AND OTHER POSITIONS Resignation of Chairman and non-executive director The board (the “Board”) of directors (the “Directors”) of China Overseas Property Holdings Limited (the “Company”) announces that due to realignment of work duties, Mr. Hao Jian Min (“Mr. Hao”) has resigned as Chairman and non-executive Director, Chairman and member of Nomination Committee, member of Remuneration Committee and authorized representative of the Company with effect from 15 November 2016. Mr. Hao has confirmed that he has no disagreements with the Board, and there are no other matters relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board would like to express its sincere gratitude to Mr. Hao for his valuable contributions during his tenure of office as Chairman and non-executive Director of the Company. Appointment of Chairman and non-executive director The Board announces that Mr. Xiao Xiao (“Mr. Xiao”) has been appointed as the Chairman and nonexecutive Director, the Chairman and member of the Nomination Committee, member of the Remuneration Committee and authorized representative of the Company with effect from 15 November 2016. Mr. Xiao, aged 60, graduated from Chongqing Architectural University. Mr. Xiao joined China State Construction Engineering Corporation in 1982 and joined the group of China Overseas Land & Investment Ltd. (“COLI”) (Stock Code: 688) in 1990. He was appointed Director of certain subsidiaries of COLI since 1994. Mr. Xiao was appointed Executive Director of COLI from 1 February 2005, Vice Chairman of COLI from 22 March 2007 and the Senior Vice President of COLI in August 2009. With effect from 15 November 2016, Mr. Xiao has been elected as the Chairman, appointed as the Chief
Executive Officer and ceased to be the Senior Vice President of COLI; and Mr. Xiao has also been appointed as the Chairman and Non-Executive Director of China Overseas Grand Oceans Group Limited (Stock Code : 81). Mr. Xiao is currently a Director of China Overseas Holdings Limited (the controlling shareholder of the Company) and certain of its subsidiaries, and also Director of certain subsidiaries of the group of COLI. Mr. Xiao was a Director of the Company for the period from 3 May 2011 to 25 June 2015. He has about 35 years’ management experience in construction and property business. Save as disclosed above, Mr. Xiao did not hold any other directorship in any listed company during the past three years and he is not connected to any directors, senior management or substantial or controlling shareholders of the Company. As at the date of this announcement, Mr. Xiao has personal interests in 2,838,525 shares of China State Construction International Holdings Limited (an associated corporation of the Company, within the meaning of Part XV of the Securities and Futures Ordinance (“SFO”). Save as aforesaid, Mr. Xiao does not have any interest in the shares of the Company and any associated corporation of the Company within the meaning of Part XV of the SFO. Pursuant to the appointment letter entered into between the Company and Mr. Xiao, the term of appointment of Mr. Xiao is 3 years and is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the Articles of Association of the Company. The director’s remuneration for Mr. Xiao is HK$1,000,000 per annum, such amount being determined by the Board with reference to his job responsibilities, the overall performance of the Company, the prevailing economic situation and market practice. Save as disclosed above, the Board is not aware of any other matters or information that need to be brought to the attention of the shareholders of the Company or to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to the aforesaid appointments of Mr. Xiao. The Board would like to express its warmest welcome to Mr. Xiao joining the Board.
By Order of the Board China Overseas Property Holdings Limited Ko Hiu Fung Company secretary
Hong Kong, 15 November 2016 As at the date of this announcement, the Board comprises eight Directors, of which one is Non-executive Director, namely Mr. Xiao Xiao (Chairman); four are Executive Directors, namely Ms. Wang Qi (Vice Chairman and Chief Executive Officer), Mr. Luo Xiao (Vice President), Mr. Shi Yong (Vice President) and Mr. Kam Yuk Fai (Deputy Chief Financial Officer); and three are Independent Non -executive Directors, namely Mr. Lim Wan Fung, Bernard Vincent, Mr. Suen Kwok Lam and Mr. Yung Wing Ki, Samuel.
