Synagistics Limited — Board/Management Information 2019

Oct 23, 2019

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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OP FINANCIAL LIMITED 東英金融有限公司[*]

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1140)

CHANGE IN COMPOSITION OF BOARD COMMITTEES

The Board announces that with effect from 23 October 2019, Mr. Chen Yuming was appointed as Chairman of the Audit Committee, member of the Remuneration Committee, member of the Nomination Committee and member of the Corporate Governance Committee of the Company.

The board of directors (the “ Board ”) of OP Financial Limited (the “ Company ”) hereby announces that with effect from 23 October 2019, Mr. Chen Yuming (“ Mr. Chen ”) was appointed as Chairman of the Audit Committee, member of the Remuneration Committee, member of the Nomination Committee and member of the Corporate Governance Committee of the Company.

The biographical details of Mr. Chen are set out below:

Mr. Chen, aged 56, obtained a bachelor degree and a master degree from Jiangxi University of Finance and Economics in 1983 and 1999 respectively. He also obtained an EMBA from Cheung Kong Graduate School of Business in 2010. Mr. Chen holds an Auditor professional certification issued by the National Audit Office of PRC and has more than 30 years of experience in banking, securities, fund management and auditing. He is currently Chairman of Shenzhen Leaguer Financial Holdings Company Limited, Chairman of Shanghai Leaguer Financial Leasing Co., Ltd., and Assistant to Dean of Shen Zhen Research Institute of Tsinghua University. Prior to that, Mr. Chen had served in Bank of East Asia (China) Co., Ltd. from 2007 to 2011 in various positions including President of its Shenzhen Branch and Vice President of its head office. From 1999 to 2006, Mr. Chen had worked in the Shenzhen Commercial Bank, where he had first served as Vice President, and later as President and Vice Chairman. From 1993 to 1998, Mr. Chen had held various positions in the head office of Shenzhen Urban Cooperative Bank, including Assistant to President, General Manager of Credit Department and Director of Business Department. He had served as Deputy Director of Jiangsu Provincial Auditing Department from 1989 to 1992. He had also served as Deputy Director and Division Chief of Jiangxi Provincial Auditing Department from 1983 to 1989.

• For identification purpose only

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Having evaluated the totality of Mr. Chen’s education experience, the Board is of the view that Mr. Chen has appropriate professional qualifications, accounting and related financial management expertise, and is suitable for the position with the requirements of Rules 3.10(2) and 3.21 of the Listing Rules.

Mr. Chen was appointed as a Non-executive Director of the Company on 29 June 2018 and has been re-designated from a Non-executive Director to an Independent Non-executive Director since 15 July 2019. Mr. Chen has entered an appointment letter with the Company pursuant to which he will hold office till the conclusion of the annual general meeting in 2021 provided that he is subject to retirement and re-election in accordance with the articles of association of the Company. Mr. Chen is entitled to receive a director’s fee of HK$250,000 per annum. His emolument was recommended by the Remuneration Committee of the Company and determined by the Board by reference of his duties and responsibilities within the Company, the prevailing market conditions of companies of comparable size and similar operations.

Other than as stated above, Mr. Chen has not held any role in the Company or its subsidiaries in the last three years and is not related to any director, senior management or substantial shareholder or controlling shareholder of the Company.

As at the date of this announcement and within the meaning of Part XV of the SFO, Mr. Chen does not have any interests in the shares of the Company. Other than the above, there are no other matters in relation to Mr. Chen’s appointment as Chairman of the Audit Committee, member of the Remuneration Committee, member of the Nomination Committee and member of the Corporate Governance Committee of the Company that need to be brought to the attention of the shareholders of the Company, nor is there any information that should be disclosed pursuant to any of the requirements of Rule 13.51 (2) of the Listing Rules.

By Order of the Board OP Financial Limited Zhang Gaobo Executive Director and Chairman

Hong Kong, 23 October 2019

As at the date of this announcement, the Board comprises four executive Directors, namely, Mr. Zhang Zhi Ping, Mr. Zhang Gaobo, Dr. Liu Zhiwei and Mr. Zhang Weidong; one nonexecutive Director, namely Dr. Wu Zhong; and four independent non-executive Directors, namely, Professor He Jia, Mr. Wang Xiaojun, Mr. Chen Yuming and Dr. Fu Weigang.

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