CM Energy Tech Co., Ltd. — Board/Management Information 2016

Jun 30, 2016

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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TSC Group Holdings Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 206)

CESSATION AND APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The Board announces that:

• (1) Mr. Yu Yuqun has tendered his resignation as a non-executive director of the Company in order to devote more time to his personal commitments. He will cease to be the non-executive director of the Company with effect from 4 July 2016.

• (2) Mr. Wang Jianzhong has been appointed as a non-executive director of the Company with effect from 4 July 2016.

The Board would like to take this opportunity to express its appreciation for Mr. Yu Yuqun’s valuable contributions to the Company during his tenure of service and welcome Mr. Wang Jianzhong to join the Board.

CESSATION OF NON-EXECUTIVE DIRECTOR

The board of directors (the “Board”) of TSC Group Holdings Limited (the “Company”) announces that Mr. Yu Yuqun (“Mr. Yu”) has tendered his resignation as a non-executive director of the Company in order to devote more time to his personal commitments. Accordingly, Mr. Yu will cease to be the non-executive director of the Company with effect from 4 July 2016.

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Mr. Yu has confirmed that he has no disagreement with the Board and there is no other matter relating to his cessation 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 appreciation for Mr. Yu’s valuable contributions to the Company during his tenure of service.

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. Wang Jianzhong (“Mr. Wang”) has been appointed as a non-executive director with effect from 4 July 2016.

Mr. Wang, aged 42, graduated from Beijing Normal University in China with a Master degree in Management, Business Administration in 1998. Mr. Wang started working in 1998 and he is currently the president of CIMC Raffles Offshore (Singapore) Limited (“CIMC Raffles”).

From 1998 to 2006, Mr. Wang was senior manager of capital operation department of China Ocean Shipping (Group) Corporation (“COSCO”). He participated in large-scale projects of the COSCO Group and the onshore property management and other related work of the overseas listed companies of COSCO.

From 2006 to 2007, Mr. Wang was deputy general manager of Taicang CIMC Container Co., Ltd.

From 2007 to 2014, Mr. Wang was general manager of the enterprise management department of CIMC. He was a major creator, advocate and promoter of CIMC ‘‘LEAN ONE’’ model.

In 2008, through researching other world-class enterprises, Mr. Wang proposed to build within CIMC a unique management model – LEAN ONE model. With the development of the model, the LEAN concept became deeply rooted. Management modules, namely, safety, quality, cost, test and maintenance program, standard operating, planning and logistics have improved the group’s revenue per year considerably. The LEAN ONE model has contributed to the core competitiveness of CIMC. In 2014-2015, reputable magazines such as “Harvard Business Review”, “Tsinghua Business Review” conducted tracking research reports on LEAN ONE topic respectively, they were all resulted in enthusiastic response.

From 2010 to 2014, Mr. Wang acted as secretary-general of group leadership council of CIMC (中集集團升級領導委員會) to promote upgraded changes for CIMC. From June 2014 to December 2015, Mr. Wang was vice president of CIMC Raffles. From December 2015 to date, Mr. Wang has been president of CIMC Raffles.

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Save as disclosed in this announcement, Mr. Wang does not hold any other position with the Company or its subsidiaries, nor has he held any other directorship in listed public companies in the past three years. He does not have any relationships with other directors, senior management, substantial or controlling shareholders of the Company (as defined in the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the “Listing Rules”)). As at the date of this announcement, Mr. Wang does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

Pursuant to the letter of engagement entered into between the Company and Mr. Wang, Mr. Wang has been appointed for a term of three years commencing from 4 July 2016, subject to the retirement and re-election provisions under the articles of association of the Company. Mr. Wang is entitled to receive emoluments of HK$120,000 per annum by reference to the Company’s current standard emoluments for non-executive directors and prevailing market rate.

Save as disclosed above, there is no other information relating to Mr. Wang’s appointment that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules and there are no 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 welcome Mr. Wang to join the Board.

By order of the Board TSC Group Holdings Limited Jiang Bing Hua Executive Chairman

Hong Kong, 30 June 2016

As of the date of this announcement, Mr. Jiang Bing Hua is an executive Director; Mr. Zhang Menggui, Mr. Jiang Longsheng, Mr. Brian Chang and Mr. Yu Yuqun are non-executive Directors; and Mr. Chan Ngai Sang, Kenny, Mr. Bian Junjiang, Mr. Guan Zhichuan and Mr. Robert William Fogal Jr. are independent non-executive Directors.

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