Television Broadcasts Limited — Board/Management Information 2014

Jun 20, 2014

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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CHINA FORTUNE FINANCIAL GROUP LIMITED 中 國 富 強 金 融 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 00290) Website: http://www.290.com.hk

RESIGNATION OF EXECUTIVE DIRECTOR, REDESIGNATION OF DIRECTOR, CHANGE OF CHAIRMAN OF THE BOARD,

AND CHANGE OF CHAIRMAN AND MEMBER OF REMUNERATION COMMITTEE

The Board announces that (i) Mr. ZHANG Min has tendered his resignation as executive Director, the chairman of the Board and member of the Remuneration Committee with effect from 1 July 2014 due to his other personal commitment; (ii) Mr. TAM B Ray Billy, the independent non-executive Director, has been appointed as the chairman of the Remuneration Committee with effect from 20 June 2014; and (iii) Mr. WONG Kam Fat Tony, the non-executive Director, will be redesignated from non-executive Director to executive Director and from vice-chairman to the chairman of the Board, and appointed as member of the Remuneration Committee in place of Mr. Zhang with effect from 1 July 2014.

RESIGNATION OF MR. ZHANG MIN AS EXECUTIVE DIRECTOR, THE CHAIRMAN OF THE BOARD AND MEMBER OF REMUNERATION COMMITTEE

The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of China Fortune Financial Group Limited (the ‘‘Company’’) announces that Mr. ZHANG Min (‘‘Mr. Zhang’’) has tendered his resignation as executive Director, the chairman of the Board and member of the remuneration committee of the Company (the ‘‘Remuneration Committee’’) with effect from 1 July 2014 due to his other personal commitment.

Mr. Zhang confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that will need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

The Board would like to take this opportunity to extend its gratitude to Mr. Zhang for his efforts and valuable contributions to the Company during his tenure of office as executive Director and the chairman of the Board.

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REDESIGNATION OF DIRECTOR, CHANGE OF CHAIRMAN OF THE BOARD, AND CHANGE OF CHAIRMAN AND MEMBER OF REMUNERATION COMMITTEE

The Board is pleased to announce that:

• (i) with effect from 20 June 2014, Mr. TAM B Ray Billy, the independent non-executive Director, has been appointed as the chairman of the Remuneration Committee; and

• (ii) with effect from 1 July 2014, Mr. WONG Kam Fat Tony, the non-executive Director, will be redesignated from non-executive Director to executive Director and from vicechairman to the chairman of the Board, and appointed as member of the Remuneration Committee in place of Mr. Zhang.

The biographical details of Mr. WONG Kam Fat Tony are set out below.

Mr. WONG Kam Fat Tony (‘‘Mr. Wong’’), aged 51, was appointed as a non-executive Director in September 2009. He resigned as the chairman of the Company and was appointed as the vice-chairman of the Company in April 2011. Mr. Wong is the vice-chairman of the board of directors as well as the chairman of human resources and administration committee of Sik Sik Yuen. He is also the supervisor of Ho Yu College and Primary School. He has profound management experience in working with charities and in the education industry as well as possessing over 18 years of management experience in the printing industry. He is a director of Hip Lik Design and Printing Company Limited, which is principally engaged in the printing business. As at the date of this announcement, Jadehero Limited beneficially held 800,000,000 shares of the Company. Jadehero Limited is owned as to 20% by Marvel Steed Limited and as to 80% by Southlead Limited. Mr. Wong is a director of Jadehero Limited and the sole director of, and sole beneficial owner of the entire equity interest in, Marvel Steed Limited.

Save as disclosed above, Mr. Wong does not hold any other position in the Company or any of its subsidiaries and has not held any directorships in the last three years in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas.

Save as disclosed above, Mr. Wong does not have any relationship with any Director, senior management or substantial or controlling shareholder of the Company (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (‘‘Listing Rules’’)), and does not hold any other interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance.

Mr. Wong will enter into a director’s service agreement for a term of one year with effect from 1 July 2014 subject to the terms of renewal therein and retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. Wong is entitled to a monthly remuneration of HK$100,000 on a 12-month basis which was reviewed by the remuneration committee of the Company on the basis of his duties, academic background, working experience and responsibilities in the Company as well as the prevailing market conditions.

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Save as disclosed above, there is no other matter that need to be brought to the attention of the shareholders of the Company and there is no information required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules in respect of his redesignation.

By Order of the Board of China Fortune Financial Group Limited NG Cheuk Fan Keith Managing Director

Hong Kong, 20 June 2014

As at the date of this announcement, the Board consists of four executive Directors, namely Mr. Zhang Min (Chairman), Mr. Ng Cheuk Fan Keith (Managing Director), Mr. Hon Chun Yu and Mr. Xia Yingyan; two non-executive Directors, namely Mr. Wong Kam Fat Tony (Vicechairman) and Mr. Wu Ling; and two independent non-executive Directors, namely Mr. Ng Kay Kwok and Mr. Tam B Ray Billy.

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