General Announcement::Change of Directors And Senior Management And Change in Composition Of Board Committees

Issuer & Securities

Issuer/ Manager
PANDA GREEN ENERGY GROUP LIMITED
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
27-Jun-2019 22:59:57
Status
New
Announcement Sub Title
Change of Directors And Senior Management And Change in Composition Of Board Committees
Announcement Reference
SG190627OTHRE047
Submitted By (Co./ Ind. Name)
LAI Ka Ki
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Issuer announces that the following changes have taken place with effect from 27 June 2019:

Change of Directors And Senior Management

(1) Mr. Li, Alan has resigned as chairman of the Board, an executive director and chief executive officer of the Issuer;

(2) Mr. Li Hong has resigned as an executive director and chief financial officer of the Issuer;

(3) Mr. Li Guangqiang has resigned as an executive director of the Issuer, but will remain as the chief operating officer of the Issuer and director of certain subsidiaries of the Issuer;

(4) Mr. Tang Wenyong has resigned as a non-executive director of the Issuer;

(5) Mr. Lu Zhenwei has been re-designated from a co-chairman of the Board to the chairman ofthe Board;

(6) Mr. Yu Qiuming has been re-designated from an executive director of the Issuer to a nonexecutive director of the Issuer;

(7) Ms. Zhong Hui has been appointed as an executive director of the Issuer and redesignated from the co-chief executive officer of the Issuer to the chief executive officer of the Issuer;

(8) Mr. Chen Qinglong has been appointed as an executive director of the Issuer;

(9) Mr. Xu Jianjun has been appointed as an executive director of the Issuer;

(10) Mr. Wang Heng has been appointed as a non-executive director of the Company; and

(11) Mr. Wang Yang has been appointed as the chief financial officer of the Company.

Change In Composition Of Board Committees

Following the resignation of Mr. Li, Alan, he has ceased to be a member of the risk control committee and the strategy committee of the Board, with effect from 27 June 2019. Ms. Zhong Hui, an executive director of the Issuer, has been appointed as a member of each of the risk control committee and the strategy committee of the Board, with effect from 27 June 2019.

Following the resignation of Mr. Li Hong, he has ceased to be a member of the risk control committee of the Board, with effect from 27 June 2019. Mr. Chen Qinglong, an executive director of the Issuer, has been appointed as a member of the risk control committee of the Board, with effect from 27 June 2019. Following the resignation of Mr. Tang Wenyong, he has ceased to be a member of each of the audit committee, the remuneration committee and the risk control committee of the Board, with effect from 27 June 2019. Mr. Wang Heng, a non-executive director of the Issuer, has been appointed as a member of each of the audit committee, the remuneration committee and the risk control committee of the Board, with effect from 27 June 2019.

More details can be found in the attached announcement

Attachments

686_PGE_change of dir. and Board Composition_20190627_E.pdf
686_PGE_List of Directors and their role of functions.pdf
Total size =191K