E-Commodities Holdings Limited — Board/Management Information 2018

Mar 29, 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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E-COMMODITIES HOLDINGS LIMITED 易大宗控股有限公司

(formerly known as “WINSWAY ENTERPRISES HOLDINGS LIMITED” 永暉實業控股股份有限公司 ) (Incorporated in the British Virgin Islands with limited liability)

(Stock Code: 1733)

APPOINTMENT AND RESIGNATION OF EXECUTIVE DIRECTOR

APPOINTMENT OF EXECUTIVE DIRECTOR

The board of directors (the “ Board ”) of E-Commodities Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) is pleased to announce that Mr. Li Jianlou (“ Mr. Li ”) will be appointed as an executive director of the Company with effect from 30 March 2018.

Mr. Li, aged 55, is currently the vice president of the Company in charge of the business segment of supply chain logistics. Mr. Li also hold positions in the following subsidiaries of the Company: chairman of Inner Mongolia Hutie Winsway Logistics Co., Ltd.* (內蒙古呼鐵永暉物流有限公司), chairman of Erlianhaote Haotong Energy Co., Ltd.* (二連浩特浩通能源有限公司), chairman of Ejina Qi Ruyi Winsway Energy Co., Ltd.* (額濟納旗如意永暉能源有限公司), director of Bayannur Hutie Ruyi Logistics Co., Ltd.* (巴彥淖爾市呼鐵如意物流有限公司), director of Inner Mongolia Huayuan Logistics Company Limited* (內蒙古華遠現代物流有限責任公司), director of Shenhua Ganquan Railway Co., Ltd.* (神華甘泉鐵路有限責任公司) and director of Xigan Railway Co., Ltd.* (西甘鐵路有限責任公司). Mr. Li joined the Group in 1992 and became an employee of the Company in 2007 upon the establishment of the Company. In 2012, Mr. Li obtained a master of business administration degree from Beijing Jiaotong University.

Since the beginning of strategy transformation in 2017, the Company has made business adjustments, and its business were divided into four major segments, namely, supply chain trading, supply chain logistics, supply chain financing services and Internet intelligent platform, among which the supply chain logistics is the focus of the Company in 2018. Since joining the Company, Mr. Li has been responsible for the construction management of the Company’s logistics facility, transportation management of bulk commodity and other related businesses, and has more than 26 years of rich working experience in transportation, warehousing and processing of bulk commodity and other related processes of supply chain logistics. The Board expects that the joining of Mr. Li will help to explore the Company’s values in supply chain logistics better.

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Mr. Li is deemed to be interested in an aggregate of 3,412,879 shares in the Company, of which 951,295 shares in the Company and restricted share units underlying 444,584 shares in the Company are directly held by Mr. Li, and 2,017,000 shares in the Company are owned by his spouse, within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), representing in aggregate approximately 0.11% of the total number of issued shares in the Company.

Mr. Li has entered into service contract with the Company in respect of his appointment as an executive director of the Company. The appointment of Mr. Li as an executive director of the Company will be effective from 30 March 2018 for a term of 3 years. Mr. Li will hold the office until the next following annual general meeting of the Company after his appointment and will be subject to re-election at that meeting in accordance with the amended and restated articles of association of the Company. Mr. Li will not receive any remuneration from the Company in respect of his appointment as an executive Director but, will be entitled to a performance-based salary for his position as the vice president of the Company.

Save as disclosed above, Mr. Li does not hold any directorship in the last three years in other public companies the securities of which are listed on any securities market in Hong Kong or overseas. Save as disclosed above, Mr. Li does not hold any other position with the Company or its subsidiaries. As at the date of this announcement, Mr. Li does not have any relationship with any director, senior management, substantial shareholder or controlling shareholder of the Company.

Save as disclosed above, there is no other matter relating to the appointment of Mr. Li that needs to be brought to the attention of the shareholders of the Company (“ Shareholders ”) and there is no other information that needs to be disclosed in connection with Mr. Li’s appointment as an executive Director pursuant to the requirements of Rule 13.51(2) of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

RESIGNATION OF EXECUTIVE DIRECTOR

The Board further announces that Ms. Zhu Hongchan (“ Ms. Zhu ”) has tendered her resignation as an executive director of the Company with effect from 29 March 2018 as she would like to focus on the coking coal business of the Group and devote more time to the development thereof. After the resignation, Ms. Zhu will remain her position as an employee of the Company.

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Ms. Zhu has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the Shareholders. The Board wishes to express its sincere gratitude to Ms. Zhu for her invaluable contribution to the Company during her period of service on the Board.

By Order of the Board E-Commodities Holdings Limited Cao Xinyi Chairman

Hong Kong, 29 March 2018

As at the date of this announcement, the executive directors of the Company are Ms.Cao Xinyi, Mr. Wang Wengang and Mr. Wang Yaxu; the non-executive director of the Company is Mr. Guo Lisheng; and the independent non-executive directors of the Company are Mr. Ng Yuk Keung, Mr. Wang Wenfu and Mr. Gao Zhikai.

• for identification purpose only

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