CMON Limited — Board/Management Information 2009

Feb 12, 2009

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims 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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APPOINTMENT OF CHAIRMAN OF THE BOARD, MEMEBRS OF AUDIT COMMITTEE, PRESIDENT AND CHIEF FINANCIAL OFFICER

The Board is pleased to announce the following appointment of the Chairman of the Board, members of the Audit Committee, the Supervisory Committee, the President and Chief Financial Officer with effect from 12 February 2009:

(1) Mr. An Mu Zong has been appointed as the Chairman of the Board;

(2) Mr. Wong Kai Tat, Mr. Cai Lian Jun, Mr. Lam Tsan Wing Alexander and Mr. Chan Ming Sun Jonathan have been appointed as members of the Audit Committee and Mr. Wong Kai Tat is the Chairman of the Audit Committee;

(3) Mr. Wang Hui has been appointed as the President of the Company;

(4) Mr. Wang Xing Ye has been appointed as the Chairman of the Supervisory Committee; and

(5) Mr. Wang Zai Xing has been appointed as the Chief Financial Officer of the Company.

The board of directors (the “Board” ) of Shenyang Public Utility Holdings Company Limited (the “Company” ) is pleased to announce the following appointment of the chairman of the board, members and chairman of the audit committee (the “Audit Committee” ), chairman of the supervisory committee (the “Supervisory Committee” ), the president (the “ President ”), and the chief financial officer (the “ Chief Financial Officer ”) of the of the Company with effect from 12 February 2009:

APPOINTMENT OF THE CHAIRMAN OF THE BOARD

The Board announces that Mr. An Mu Zong ( “Mr. An” ) has been appointed as the Chairman of the Board. Mr. An remained as an executive Director of the Company.

Mr. An Mu Zong, born in April 1964. Mr. An graduated from Beihang University (北京航空學 院) in June 1987. He was the vice-president of the Company. Mr. An has extensive experience in the development of real estate project and corporate management.

APPOINTMENT OF MEMBERS OF THE AUDIT COMMIITTEE

Mr. Wong Kai Tat (“ Mr. Wong ”), Mr. Cai Lian Jun (“ Mr. Cai ”), Mr. Lam Tsan Wing Alexander (“ Mr. Lam ”) and Mr. Chan Ming Sun Jonathan (“ Mr. Chan ”) have been appointed as the members of the Audit Committee and Mr. Wong has been appointed as the Chairman of the Audit Committee. Mr. Wong, Mr. Cai, Mr. Lam and Mr. Chan remained as the independent non-executive Directors of the Company.

Mr. Wong

Mr. Wong, aged 54, is an associate member of the Hong Kong Institute of Certified Public Accountants. Mr. Wong holds an LLB (Honours) degree from the University of Hong Kong, a bachelor’s degree of business administration from the University of Iowa, U.S.A., a master of business administration degree from the University of Strathclyde, Scotland, a master of applied finance degree from Macquarie University, Australia, a master of corporate finance degree from Hong Kong Polytechnic University and an honorary doctor of law degree from Armstrong University in the U.S.A. Mr. Wong is also the executive director, authorized representative and compliance officer of Great World Company Holdings Ltd. (stock code: 8003).

Mr. Cai

Mr. Cai, born in December 1950, is a senior accountant. Since 1992, Mr. Cai had worked in the Management Committee of Beijing Daxing Industrial Development Zone (北京市大興工業開 發區管理委員會) and served as the party secretary, the head of management committee and general manager in Beijing Daxing Industrial Development Zone Operation General Corporation (北京市大興工業開發區管理委員會經營總公司). He was the secretary of Industry Committee of Beijing Daxing District Committee (北京市大興區委工業工委書記) during the period from November 2001 to July 2004. Mr. Cai is currently on retirement.

Mr. Lam

Mr. Lam, aged 55, is currently the managing director of ATWL International Consultancy Limited. Mr. Lam holds a Bachelor’s of Science degree from Hong Kong Polytechnic University and a professional diploma in Surveying from Willeston College of Technology in the U.K. He was also a past chairman of the General Practice Division of the Hong Kong Institute of Surveyors. Mr. Lam is a committee member of Tianjin Municipal Committee, the Chinese People’s Political Consultative Conference.

Mr. Chan

Mr. Chan Ming Sun, aged 35, is currently the associate director of Go-To-Asia Investment Limited and independent non-executive director of Sino Katalytics Investment Corporation (stock code: 2324). Mr. Chan graduated with a Bachelor of Commerce degree in Accounting and Computer Information System from the University of New South Wales, Australia. He is an associate member of the Hong Kong Institute of Certified Public Accountants and a member of Certified Public Accountants, Australia.

APPOINTMENT OF PRESIDENT OF THE COMPANY

Mr. Wang Hui has been appointed as the President of the Company. Mr. Wang Hui remained as the non-executive Director of the Company.

Mr. Wang Hui, born in May 1975. Mr. Wang Hui graduated from Peking University ( 北京大學 ) in June 2001 with a master’s degree in economics. Mr. Wang Hui has worked in the Company since March 2002. Mr. Wang Hui has a certain experience in corporate operation, reorganization, and mergers and acquisitions.

APPOINTMENT OF THE CHAIRMAN OF SUPERVISORY COMMITTEE

Mr. Wang Xing Ye has been appointed as the Chairman of the Supervisory Committee of the Company. Mr. Wang Xing Ye remained as a supervisor of the Company.

Mr. Wang Xing Ye, born in June 1977. Mr. Wang graduated from Xi’an University of Technology (西安理工大學) with a bachelor’s degree in economics in 1999. Mr. Wang is currently the manager of Listing Rules Compliance in Beijing Beida Jade Bird Universal SciTech Company Limited. He has a certain experience in investment and financing, asset reorganization and business reorganization.

APPOINTMENT OF CHIEF FINANCIAL OFFICER OF THE COMPANY

Mr. Wang Zai Xing (“ Mr. Wang ”) has been appointed as the Chief Financial Officer of the Company. Mr. Wang remained as an executive Director of the Company.

Mr. Wang, born in November 1970. Mr. Wang graduated from Beijing Forestry University (北 京林業大學) in June 1993 with a bachelor’s degree in statistics. Since March 999, He has been a financial director and financial manager of Beijing Beida Jade Bird Company Limited. Mr. Wang has extensive experience in corporate reorganization, asset appraisal and auditing.

As at the date of this announcement, Mr. An, Mr. Wong, Mr. Cai, Mr. Lam, Mr. Chan, Mr. Wang Hui, Mr. Wang Xing Ye and Mr. Wang all do not have any interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. They have not entered into any service contract with the Company and have not been appointed for any specified term save that their directorships with the Company are 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. An, Mr. Wong, Mr. Cai, Mr. Lam, Mr. Chan, Mr. Wang Hui and Mr. Wang are entitled to an director’s emoluments of RMB30,000 per annum and Mr. Wang Xing Ye is entitled to an supervisor’s emolument of RMB15,000 per annum. Their emoluments are determined by the Board with reference to their duties and responsibilities with the Group and the Group’s remuneration policy.

Save as disclosed above, they do not hold any other position with the Company or any of its subsidiaries nor did they hold a directorship in any other listed public company in the last three years. They do not have any relationships with any directors, senior management, substantial or controlling shareholders of the Company (as respectively defined in The Rules Governing the Listing of Securities on the Stock Exchange (the “ Listing Rules ”). There is no information relating to them that is required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules. There is no other matters concerning the appointment of them that needs to be brought to the attention of the shareholders of the Company.

By order of the Board of Shenyang Public Utility Holdings Company Limited Wang Hui Director

Shenyang, PRC 12 February 2009

As at the date of this announcement, the directors of the Company are as follows: Executive directors: Mr. An Mu Zong, Mr. Wang Zai Xing, Mr. Chow Ka Wo Alex and Mr. Deng Yan Bin

Non executive directors: Mr. Lin Dong Hui and Mr. Wang Hui Independent non executive director: Mr. Cai Lian Jun, Mr. Lam Tsan Wing Alexander, Mr. Wong Kai Tat and Mr. Chan Ming Sun Jonathan