Global Corn Group Limited — Board/Management Information 2015

Oct 26, 2015

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.

GLOBAL SWEETENERS HOLDINGS LIMITED 大成糖業控股有限公司 *

(incorporated in the Cayman Islands with limited liability)

(Stock code: 03889)

APPOINTMENT OF CHAIRMAN AND CHANGE OF CHIEF EXECUTIVE OFFICER

Mr. Wang Jian has been appointed as the chairman of the Board and chief executive officer of the Company and Mr. Kong Zhanpeng ceased to be the chief executive officer of the Company with effect from 24 October 2015.

Reference is made to the announcement of Global Sweeteners Holdings Limited (the “ Company ”) dated 15 October 2015 in relation to, among others, the change of directors (the “ Directors ”) of the Company.

The board (the “ Board ”) of Directors is pleased to announcement that Mr. Wang Jian has been appointed as the chairman of the Board and chief executive officer of the Company with effect from 24 October 2015. As a result of the above appointment, Mr. Kong Zhanpeng ceased to be the chief executive officer of the Company on the same date.

Mr. Wang Jian, aged 41, an executive Director, is the assistant to the general manager, head of Asset Operation Department and employee supervisor of 吉林省交通投資集團有限公司 (Jilin Province Communication Investment Group Co., Ltd.). Mr. Wang had held various positions in Jilin Province Communication Investment and Development Company （吉林省交通投資開發公司） from 1996 to 2012, including as the deputy head of the Corporate Planning Department, deputy director of the General Office, deputy director of the Office of the Party Committee and head of Asset Operation Department. Mr. Wang holds a Bachelor degree in economics from Jilin University. Mr. Wang is an executive director of Global Bio-chem Technology Group Company Limited, the holding company of the Company whose shares are listed on main board of The Stock Exchange of Hong Kong Limited. Mr. Wang is also a director of various subsidiaries of the Company.

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As at the date of this announcement, Mr. Wang did not have any interest in the shares or underlying shares in the Company or its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed above, Mr. Wang had not held any directorship in other listed public companies in Hong Kong or overseas during the three years immediately before the date of this announcement or any other major appointments and qualifications. Save as disclosed above, Mr. Wang is not related to any Directors, senior management or substantial or controlling shareholders of the Company.

Mr. Wang has entered into a service contract with the Company for an initial term of three years commencing from 15 October 2015, which shall be renewable automatically for successive terms of one year unless terminated by at least three months’ written notice served by either party at any time during the then existing term. Under the service contract, Mr. Wang is not entitled to any basic salary nor any management bonus in respect of each financial year of the Company.

Save as disclosed above, the Board is not aware of any other matters in relation to the above appointment that needs to be brought to the attention of the holders of securities of the Company nor is there any information to be disclosed by the Company pursuant to any of the requirements under the Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

As a result of the above appointment, Mr. Wang is performing the dual roles of chairman of the Board and chief executive officer of the Company. Under code provision A.2.1 of Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the roles of chairman and chief executive officer should not be performed by the same individual. The Board will therefore review from time to time the need to appoint different individuals to perform the roles of chairman and chief executive officer separately. Further announcement(s) will be made as and when such appointment shall have been made.

By order of the Board

Global Sweeteners Holdings Limited Lee Chi Yung Company Secretary

Hong Kong, 26 October 2015

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Wang Jian and Mr. Kong Zhanpeng; two non-executive Directors, namely Mr. Fu Qiang and Ms. Zhang Yaohui; and three independent non-executive Directors, namely Mr. Chan Yuk Tong, Mr. Ho Lic Ki and Mr. Lo Kwing Yu.

* for identification purpose only

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