Honworld Group Limited — Board/Management Information 2017

Sep 12, 2017

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company 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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Honworld Group Limited 老 恒 和 釀 造 有 限 公 司[*]

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2226)

CHANGE OF NON-EXECUTIVE DIRECTOR AND MEMBER OF THE AUDIT COMMITTEE

The board of directors (the ‘‘Board’’) of Honworld Group Limited (the ‘‘Company’’) announces that:

• (1) Mr. Sun Qingdong has tendered his resignation as a non-executive director of the Company and ceased to be a member of audit committee of the Board (‘‘Audit Committee’’) with effect from 12 September 2017; and

• (2) Ms. Qian Yinglan has been appointed as a non-executive director of the Company and a member of Audit Committee with effect from 12 September 2017.

RESIGNATION OF NON-EXECUTIVE DIRECTOR AND MEMBER OF AUDIT COMMITTEE

The Board announces that Mr. Sun Qingdong (‘‘Mr. Sun’’) has tendered his resignation as a non-executive director of the Company and ceased to be a member of Audit Committee all with effect from 12 September 2017 due to his personal business engagement which requires more of his time and dedication. Mr. Sun has confirmed that he has no disagreement with the Board and is not aware of any matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. Taking this opportunity, the Board would like to express its sincere gratitude to Mr. Sun for his valuable contribution to the Company during his tenure of office.

• For identification purposes only

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APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND MEMBER OF THE AUDIT COMMITTEE

The Board announces that Ms. Qian Yinglan (‘‘Ms. Qian’’) has been appointed as a nonexecutive director of the Company and a member of Audit Committee with effect from 12 September 2017.

The biographical details of Ms. Qian are as follows:

Ms. Qian Yinglan, aged 34, is a vice president of Lunar Capital Partners IV L.P. (‘‘Lunar Capital’’). Lunar Capital, a substantial shareholder of the Company, is a leading private equity fund focused on investing in China related consumer businesses. Ms. Qian focuses on consumer and retail industry related investment. Prior to joining Lunar Capital, from July 2005 to April 2015, Ms. Qian has worked in the PRC team of KPMG Huazhen Certified Public Accountants and PricewaterhouseCoopers Consulting respectively and served as senior manager, and executed multiple types of capital market deals domestically and overseas. Ms. Qian received a bachelor of economics degree in June 2005 from the Shanghai International Studies University.

To the best knowledge of the Board, saved as disclosed above, (i) Ms. Qian has not held any directorships in other public companies the securities of which are listed on any securities market in Hong Kong or overseas during the last three years, and (ii) Ms. Qian does not have any relationship with any director, senior management or substantial or controlling shareholder of the Company.

Ms. Qian does not hold other positions in the Company or any of its subsidiaries.

A letter of appointment has been entered into between the Company and Ms. Qian as nonexecutive Director for a term of 2 years and his directorship is subject to the conditions as stated at the letter of appointment and retirement by rotation and re-election at the annual general meetings of the Company pursuant to the articles of association of the Company. Pursuant to the letter of appointment, Ms. Qian is entitled to a director’s fee of HK$100,000 per annum, which is determined by the Board according to the market practice.

As at the date hereof, Ms. Qian does not have any interests in the Shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Save as disclosed above, the Board is not aware of any other matters relating to the aforesaid appointment that need to be brought to the attention of the Shareholders of the Company and any other information that should be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

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The Board takes this opportunity to express its warmest welcome to Ms. Qian in joining the Board of the Company.

By order of the board of directors of Honworld Group Limited Chen Weizhong Chairman

Hong Kong, 12 September 2017

As at the date of this announcement, the executive directors of the Company are Chen Weizhong, Sheng Mingjian and Wang Chao; and the non-executive director of the Company is Qian Yinglan; and the independent non-executive directors of the Company are Shen Zhenchang, Ng Wing Fai and Sun Jiong.

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