Sep 5, 2017 - general manager of Baidu Mobile App Distribution Business Unit. She was engaged in ... assistant app store
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.
MILLION STARS HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8093)
(1) APPOINTMENT OF EXECUTIVE DIRECTOR (2) CHANGE OF CHIEF EXECUTIVE OFFICER AND (3) CHANGE OF CORPORATE GOVERNANCE COMMITTEE MEMBERS APPOINTMENT OF EXECUTIVE DIRECTOR The Board is pleased to announce that Ms. Wang Fei has been appointed as an Executive Director of the Company with effect from 5 September 2017. CHANGE OF CHIEF EXECUTIVE OFFICER The Board further announces that Mr. Zhu Yongjun stepped down as the Chief Executive Officer, while remaining as the Chairman of the Board and an Executive Director of the Company with effect from 5 September 2017. Ms. Wang Fei has been appointed as the Chief Executive Officer of the Company with effect from 5 September 2017. CHANGE OF CORPORATE GOVERNANCE COMMITTEE MEMBERS The Board hereby announces that Mr. Tang Yau Sing has resigned as a member of Corporate Governance Committee of the Company with effect from 5 September 2017. Ms. Wang Fei has been appointed as a member of Corporate Governance Committee of the Company with effect from 5 September 2017.
APPOINTMENT OF EXECUTIVE DIRECTOR The board (the “Board”) of directors (individually the “Director”, collectively, the “Directors”) of Million Stars Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce that Ms. Wang Fei (“Ms. Wang”) has been appointed as an executive Director and Chief Executive Officer (“CEO”) of the Company with effect from 5 September 2017. The biographical detail of Ms. Wang is set out as follows: Ms. Wang, aged 44, has nearly 23 years of experience in the software development and business marketing fields. From January 2003 to April 2017, Ms. Wang served as the senior manager of Baidu Union Development, general manager at Baidu Games Business Unit (Web Game), general manager at Baidu Web Navigation Business Unit, CEO of Baidu Games and general manager of Baidu Mobile App Distribution Business Unit. She was engaged in various projects including key accounts sales model development, software union and internet bar union development, the general management of Hao123 Web Navigation business, integration of games business and formulation of business strategies, as well as vigorous expansion of overseas markets. During her employment in Baidu Mobile App Distribution Business Unit, she was responsible for developing mobile assistant app stores and personal cloud business. Before joining Baidu, Ms. Wang was employed by Sparkice E-Commerce Group as senior business manager, served as a sales department manager of eNet.com.cn, worked at China Ship Research and Development Academy as software engineer during the period from 1994 to 2002. Ms. Wang graduated from Harbin Engineering University with a bachelor’s degree in electronic engineering in 1994. Ms. Wang will enter into a service contract with the Company for a term of three (3) years commencing on 5 September 2017 unless and until terminated by either party by serving not less than three months’ written notice. Ms. Wang's appointment is subject to retirement by rotation and re-election in accordance with the Articles of Association of the Company. Pursuant to the service contract, Ms. Wang will receive a remuneration of HKD1,500,000 per annum and such other fringe benefit as the Board shall in its discretion deem appropriate. The remuneration of Ms. Wang has been reviewed by the Remuneration Committee of the Company and was determined by the Board with reference to the prevailing market conditions, and the qualifications, experience, duties and responsibilities of Ms. Wang with the Company. The remuneration of Ms. Wang is subject to review by the Board from time to time pursuant to the power conferred on it in the annual general meeting of the Company. Save as disclosed above, as at the date of this announcement, Ms. Wang confirms that (i) she does not have any other interests in the shares and underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (ii) she has not held any other directorships in other listed companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; (iii) she does not hold other positions with the Company or any subsidiaries of the Company; (iv) she does not have any relationship with any Directors, senior management, substantial shareholders or controlling shareholders (as defined under the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the “GEM Listing Rules”) of the Company; and (v) there is no other information which is required to be disclosed pursuant to the requirements pursuant to Rule 17.50 (2)(h) to (v) of the GEM Listing Rules nor any other matters that need to be brought to the attention of the Shareholders in relation to her appointment.
The Board would like to take this opportunity to welcome Ms. Wang joining the Company as an executive Director.
CHANGE OF CHIEF EXECUTIVE OFFICER The Board announces that Mr. Zhu Yongjun (“Mr. Zhu”) has stepped down as the CEO of the Company with effect from 5 September 2017, but remains as Chairman of the Board and executive Director of the Company. Mr. Zhu confirmed that he has no disagreement with the Board and that there is no other matter in connection with his stepping down as the CEO of the Company that should be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board further announces that Ms. Wang has also been appointed as the CEO of the Company with effect from 5 September 2017.
CHANGE OF CORPORATE GOVERNANCE COMMITTEE MEMBERS The Board hereby announces that Mr. Tang Yau Sing has resigned as a member of Corporate Governance Committee of the Company with effect from 5 September 2017. Ms. Wang Fei has been appointed as a member of Corporate Governance Committee of the Company with effect from 5 September 2017.
By Order of the Board Million Stars Holdings Limited Zhu Yongjun Chairman Hong Kong, 5 September 2017 As at the date hereof, the Board comprises Mr. Zhu Yongjun, Ms. Wang Fei, Mr. Tang Yau Sing and Ms. Tian Yuan as executive Directors; and Mr. Cheung Kam Tong Antonio, Mr. Chui Man Lung Everett and Mr. Han Chu as independent non-executive Directors. This announcement, for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the GEM website at http://www.hkgem.com on the ‘‘Latest Company Announcements’’ page for at least 7 days from the day of its publication and on the website of the Company at http://www.millionstars.hk .
