WH Group Limited — Board/Management Information 2016

Sep 5, 2016

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 Baoli Technologies Holdings Limited 中國寶力科技控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 164)

APPOINTMENT OF EXECUTIVE DIRECTOR AND NEW CHAIRMAN OF THE BOARD

The Board announces that with effect from 5 September 2016 Mr. Zhang Yi has been appointed as executive Director and new chairman of the Board.

The board (the “ Board ”) of directors (the “ Directors ”) of China Baoli Technologies Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) is pleased to announce that Mr. Zhang Yi (“ Mr. Zhang ”) has been appointed as executive Director and new chairman of the Board with effect from 5 September 2016.

Biographical details of Mr. Zhang are set out as follows:

Mr. Zhang, aged 44, graduated from Zhejiang University in 1994 with a major in Finance. Mr. Zhang has over 15 years of investment experience in the technology field, with the scope of investment spanning across various regions including Canada, the United States of America, Singapore, the Mainland China and Hong Kong. He is in particular familiar with the investment in and operations of telecommunications and communications industries. Mr. Zhang has good relations with the telecommunications operators and has accumulated extensive local and overseas network in the industry.

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Mr. Zhang is currently the chairman of a private company in the Mainland China which was founded by Mr. Zhang in 2002. Under his leadership, the company has now developed into an enterprise with large investment scale and wide investment geographical range in real estates, biological medicine, new energy and media, etc. It has a number of projects including a large scale urban complex with a gross area of over a million square meters in Shanghai, Hangzhou and Shenyang.

Pursuant to the service contract entered into between the Company and Mr. Zhang, his term of service with the Company will be three years from the date of appointment. Pursuant to byelaw 86(2) of the bye-laws of the Company, Mr. Zhang will hold office until the next annual general meeting and shall then be eligible for re-election at that meeting. Thereafter, he will be subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the bye-laws of the Company. Mr. Zhang is entitled to a director fee of HK$360,000 per annum, which has been determined with reference to his duties and responsibilities with the Company and the terms of the Company’s remuneration policy and the prevailing market conditions. His remuneration will be subject to annual review by the Board and the remuneration committee of the Company based on Mr. Zhang’s duties and work performance.

Other than the current appointment with the Company, Mr. Zhang did not hold any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas during the past three years. Save as disclosed above, Mr. Zhang did not have other major appointments and professional qualifications. As at the date of this announcement, Mr. Zhang, through a holding company, is interested in 2,062,500,000 shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong), representing approximately 6.34% of the issued share capital of the Company.

As at the date of this announcement, Mr. Zhang does not hold any position with the Company or other members of the Group and does not have any relationship with any other Directors, senior management or substantial or controlling shareholders of the Company. Save as disclosed above, Mr. Zhang has confirmed that there are no other matters relating to his appointment that need to be brought to the attention of the shareholders of the Company, and there is no other information which is required to be disclosed pursuant to any requirements of Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

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The Board would like to express its warmest welcome to Mr. Zhang as executive Director and chairman of the Board. The Board expects that under the leadership of Mr. Zhang, the performance of the Group could be enhanced, bringing positive returns to the shareholders of the Company.

By order of the Board China Baoli Technologies Holdings Limited Chu Wei Ning Chief Executive Officer & Executive Director

Hong Kong, 5 September 2016

As at the date of this announcement, the executive Directors are Mr. Zhang Yi (Chairman), Ms. Chu Wei Ning (Chief Executive Officer), Mr. Yeung Chun Wai, Anthony, Mr. Chen Domingo and Mr. Wong King Shiu, Daniel; and the independent non-executive Directors are Mr. Wong Hoi Kuen, Mr. Chan Chi Yuen and Mr. Lee Chi Ming.

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