Aowei Holding Limited — Board/Management Information 2019

Jun 25, 2019

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.

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AOWEI HOLDING LIMITED

(incorporated in the British Virgin Islands and continued in the Caymans Islands with limited liability)

(Stock Code: 1370)

RESIGNATION AND APPOINTMENT OF EXECUTIVE DIRECTOR

The Board announces that with effect from 25 June 2019:

1. Mr. Li has resigned as an executive Director; and

2. Mr. Jin has been appointed as an executive Director.

RESIGNATION OF EXECUTIVE DIRECTOR

The board (the “ Board ”) of directors (the “ Director(s) ”) of Aowei Holding Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) announces that Mr. Li Jinsheng (“ Mr. Li ”) has resigned as an executive Director with effect from 25 June 2019 due to the need to devote more time for his other business commitments.

Mr. Li has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to express its sincere gratitude to Mr. Li for his contributions to the Company during his tenure of office.

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. Jin Jiangsheng (金江生) (“ Mr. Jin ”) has been appointed as an executive Director with effect from 25 June 2019.

Biographical details of Mr. Jin are set out as follows:

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Mr. Jin Jiangsheng ( 金江生 ) , aged 52, has over 14 years of experience in industrial marketing and management. Prior to joining our Group, Mr. Jin worked in Rongcheng County Machinery Plant (容 城縣機械廠) and subsequently served as the head of the processing workshop, the head of the sales division and the head of Rongcheng County Machinery Plant from February 1991 to December 2003. He first joined our Group in December 2004, where he served as the leader of water concentration plant of Laiyuan Xinxin Mining Co., Ltd. (淶源鑫鑫礦業有限公司）(“ Xinxin Mining ”) until June 2006. Between June 2006 and February 2012, he worked at Laiyuan County Aoyu Steel Co., Ltd.（淶 源縣奧宇鋼鐵有限公司）and subsequently served as the head of the sintering plant and the steel plant. He rejoined our Group in February 2012 as the general manager of Laiyuan County Jingyuancheng Mining Co., Ltd. (淶源縣京源城礦業有限公司）, and was also appointed as the general manager of Xinxin Mining in March 2016. Mr. Jin was appointed as an executive Director on 25 June 2019, and was also appointed as the Deputy General Manager of Laiyuan County Aowei Mining Investments Co., Ltd. (淶源縣奧威礦業投資有限公司), an indirect wholly-owned subsidiary of the Company, and was responsible for its business management and daily operations.

In May 2005, Mr. Jin attended the Management Reengineering Leadership Course at Tsinghua University. In recognition of his contributions to the mining industry, he won the recognition of excellent top-notch talents from the Communist Party of Laiyuan County Committee (中共淶源縣委) and People’s Government of Laiyuan County (淶源縣人民政府) in August 2014, and he was honored as an excellent worker of Enterprise Integrity Construction in Hebei Province by the Selection Committee of Honest Enterprise (河北省誠信企業評選委員會) in September of the same year.

Save as disclosed above, to the best of the knowledge, information and belief of the Directors after having made all reasonable enquiries, as at the date of this announcement, Mr. Jin did not hold any directorship in other public companies the securities of which are listed on any securities market in the Hong Kong Special Administrative Region of the People’s Republic of China (the “ PRC ”) or overseas in the last three years or any other position with the Company and other members of the Group or other major appointments and professional qualifications.

Save as disclosed above, to the best of the knowledge, information and belief of the Directors after having made all reasonable enquiries, as at the date of this announcement, Mr. Jin does not have any relationship with other Directors, senior management, substantial or controlling shareholders of the Company and he had no interests in the shares of the Company or any of its associated corporation within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).

Mr. Jin will enter into a director’s service agreement with the Company for a term of three years commencing on 25 June 2019 which is subject to termination in accordance with the terms thereof. Mr. Jin’s directorship is also subject to retirement by rotation and re-election at annual general meeting of the Company in accordance with the articles of association of the Company.

Mr. Jin is not entitled to any director’s fee, but he is entitled to receive a salary of RMB420,000 per annum for his management services to the Group and a discretionary bonus as approved by the Board (subject to final confirmation upon execution of the relevant service agreement). The annual

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emolument of Mr. Jin is determined by the Board after considering the recommendation of the remuneration committee of the Company with reference to his experience, duties and responsibilities within the Group and prevailing market conditions.

Save as disclosed above, to the best of the knowledge, information and belief of the Directors after having made all reasonable enquiries, there are no other matters relating to the appointment of Mr. Jin that need to be brought to the attention of the shareholders of the Company and there is no other information that should be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

By order of the Board Aowei Holding Limited Mr. Li Yanjun Chairman

Beijing, the PRC, 25 June 2019

As at the date of this announcement, the executive Directors are Mr. Li Yanjun, Mr. Li Ziwei, Mr. Sun Jianhua, Mr. Jin Jiangsheng and Mr. Tu Quanping and the independent non-executive Directors are Mr. Ge Xinjian, Mr. Meng Likun and Mr. Kong Chi Mo.

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