CMON Limited — Board/Management Information 2018

Sep 6, 2018

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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瀋陽公用發展股份有限公司 Shenyang Public Utility Holdings Company Limited

(a joint stock limited company incorporated in the People’s Republic of China)

(Stock code: 747)

(1) RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER; AND (2) NOMINATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

The board (the “ Board ”) of directors of Shenyang Public Utility Holdings Company Limited (the “ Company ”) hereby announces that Mr. Deng Xiao Gang (“ Mr. Deng ”) has tendered his resignation as an executive director and chief executive officer of the Company as he would like to devote more time to his other personal commitment. In consideration of the imminent nomination of the new executive director, Mr. Zhou Ting Xin (“ Mr. Zhou ”) , the resignation of Mr. Deng will take effect from the date of appointment of Mr. Zhou in order to ensure the normal operation of the Board.

Mr. Deng 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 “ Shareholders ”).

The Board would like to take this opportunity to express its gratitude to Mr. Deng for his contribution to the Company.

NOMINATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

The Board further announces that Mr. Zhou has been nominated as a candidate for election as an executive director and chief executive officer of the Company at the upcoming extraordinary general meeting of the Company (the “ EGM ”), in replacement of Mr. Deng. The appointment of Mr. Zhang will be subject to the approval of the Shareholders.

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Biographical details of Mr. Zhou is set out as follows:

Mr. Zhou, aged 60, graduated from Nanjing Communication Engineering Institute (南京通信 工程學院) in 1982. After his graduation, he had successively served as an assistant engineer and the engineer of the 54th Research Institute (第五十四研究所) from 1983 to 1993; from 1993 to 2005, he successively served as a general manager of Fine Lee Industries, Limited (宏 利實業有限公司) and chairman of the board of directors of China Hani Group (中國恒利集團); he has served as chairman of Zhongjin Fuhua (Beijing) Investment Co., Ltd. (中金富華(北京) 投資有限公司) from 2005 to 2017; and he has been serving as a director of Zhong Rong Jin Kong Capital Management Co., Ltd. (中融金控資本管理有限公司) since 2018. Mr. Zhou has extensive experience in finance, investment and corporate management.

Subject to the approval of the Shareholders on his appointment at the EGM, the Company will enter into a service contract with Mr. Zhou and the length of service shall be from the date of approval of the Shareholders on his appointment at the EGM and ending on the expiry date of the current session of the Board. The appointment of Mr. Zhou will be subject to retirement by rotation and re-election in accordance with the articles of association of the Company. He will be entitled to a director’s fee to be determined by the Remuneration Committee of the Company with reference to his duties and responsibility in the Company and the market benchmark.

Save as disclosed above, Mr. Zhou confirms that (1) he has not held any other directorships in other listed public companies in the past three years, and he does not hold any other major appointments or professional qualifications; (2) he does not hold any position in the Company or any of its subsidiaries; (3) he does not have any relationships with any directors, supervisors, senior management, substantial shareholders or controlling shareholders of the Company and any of its subsidiaries; and (4) as at the date of this announcement, he does not hold any interest in the shares of the Company within the meaning of Part XV of the Hong Kong Securities and Futures Ordinance.

Mr. Zhou also confirms that there is no other information to be disclosed pursuant to any of the requirements under Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities (the “ Listing Rules ”) on The Stock Exchange of Hong Kong Limited, nor is there any other matter relating to his appointment that needs to be brought to the attention of the Shareholders.

EXTRAORDINARY GENERAL MEETING

An extraordinary general meeting will be convened and held to approve, among others, the appointment of Mr. Zhou as an executive director of the Company.

According to the articles of association of the Company, the appointment of director is subject to approval by the Shareholders at the general meeting of the Company. The relevant resolution in relation to the appointment of Mr. Zhou will be put forward to the Upcoming EGM for the Shareholders’ consideration and approval by way of ordinary resolution.

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The Company will issue a notice of the EGM in relation to, among other things, appointment of Mr. Zhou as an executive director of the Company in accordance with the requirements of the articles of association of the Company and the Listing Rules.

By Order of the Board Shenyang Public Utility Holdings Company Limited Zhang Jing Ming Chairman

Shenyang, the PRC, 6 September 2018

As at the date of this announcement, the executive directors of the Company are Mr. Zhang Jing Ming, Mr. Deng Xiao Gang and Mr. Leng Xiao Rong, the non-executive directors are Mr. Yin Zong Chen and Mr. Ye Zhi E and the independent non-executive directors are Mr. Chan Ming Sun Jonathan, Mr. Guo Lu Jin and Ms. Gao Hong Hong.

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