On June 26, Guangdong-Hong Kong Bay Holdings Co., Ltd. issued an announcement on the grant of share options, the change of directors, and the appointment of the president.
The announcement shows that due to other personal development, Yang Sanming will resign as executive director and executive president of the company from June 27, 2022; Wang Dewen resigns as executive director and member of the remuneration committee of the company, and is also transferred to the company's consultant; Yue Zheng resigns Independent non-executive director of the Company, chairman of the Remuneration Committee, member of the Audit Committee and the Nomination Committee of the Company.
Each of Mr. Yang, Mr. Wang and Mr. Yue has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) Attention.
The Board further announced that, effective June 27, 2022, He Fei was appointed as an executive director and president of the Company; Wei Haiyan was appointed as an executive director and a member of the Remuneration Committee; Feng Ke was appointed as a non-executive director; Guan Huanfei was appointed as an independent non-executive director, the chairman of the remuneration committee and a member of the audit committee; and Han Qinchun was appointed as an independent non-executive director, the chairman of the audit committee, a member of the nomination committee and a member of the remuneration committee.
Effective June 27, 2022, Wang Zaixing was re-designated from non-executive Director and Chairman of the Board to Executive Director and Co-Chairman of the Board; Zeng Yunshu was appointed as Chairman of the Board; and Cai Hongwen was appointed as Co-Chairman of the Board.
In addition, on June 26, 2022, 30,000,000 share options were granted to Mr. He Fei pursuant to the share option scheme adopted by the company on May 30, 2019, giving the holder the right to subscribe for a total of 30,000,000 shares of par value per share Shares of HK$0.01, subject to acceptance by Mr. Ho.
