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SKYOCEAN INTERNATIONAL HOLDINGS LIMITED
(Incorporated in Bermuda with limited liability)
(Stock Code: 593)
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF REMUNERATION COMMITTEE,
AUDIT COMMITTEE AND NOMINATION COMMITTEE
The board of directors (the "Board") of SkyOcean International Holdings Limited (the "Company") is pleased to announce that Mr. Zhao Daxin (i1:7cJT) ("Mr. Zhao") has been appointed as an independent non-executive director and member of the remuneration committee, audit committee and nomination committee of the Company with effect from the date of this announcement.
SKYOCEAN INTERNATIONAL HOLDINGS LIMITED Zhou Zheng
Mr. Zhao, aged 60, graduated from the Chinese Faculty of Northwest University in 1977. After graduation, he served as the secretary of Youth League committee and the deputy Party secretary in the Direct Subordinate Organization of Shaanxi Provincial Government. In 1989, he became the deputy chief of Yanta District, Xi'an City, Shaanxi Prorince. Mr. Zhao then served as the general manager and chief editor of China Record Corporation from May 2001 to February 2008, and the Party secretary and vice chairman of China Record Corporation from February 2008 to October 2014.
Mr. Zhao did not hold any directorship in any listed public companies in Hong Kong or overseas during the past three years and he does not have any relationship with any other director, senior management or substantial or controlling shareholder of the Company.
Mr. Zhao has been appointed for a term of three years, but he will be subject to retirement at the next general meeting of the Company after his appointment and thereafter subject to retirement by rotation at least once every three years and re-election at the annual general meetings of the Company in accordance with the Bye-laws of the Company or any other applicable laws from time to time. Mr. Zhao will be entitled to a director's fee of HK$120,000 per annum which is determined with reference to his experiences and responsibilities with the Company, the prevailing market conditions and the terms of the Company's remuneration policy.
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As at the date of this announcement, Mr. Zhao does not have any interest in the shares, underlying shares or debentures of the Company within the meaning of Part XV of the SFO and he is not aware of any other matters that need to be brought to the attention of the holders of the securities of the Company. Save as disclosed above, there is no other information in relation to Mr. Zhao that should be disclosed pursuant to paragraphs (h) to (v) of Rule
13.51(2) of the Listing Rules.
By Order of the Board
Hong Kong, 5 December 2014
As at the date of this announcement (taking into account the appointment of Mr. Zhao Daxin as an independent non-executive Director), the Board comprises Mr. Zhou Zheng (Chairman and Chief Executive Officer), Ms. Zhou Jin, Mr. Liu Li and Mr. Chan Tak Kwong being the executive Directors, and Mr. Li Chak Hung, Dr. Meng Xiaosu, Mr. Yang Buting and Mr. Zhao Daxin being the independent non-executive Directors.
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