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.
G-Resources Group Limited
(Incorporated in Bermuda with limited liability)
(Stock Code: 1051)
APPOINTMENT OF EXECUTIVE DIRECTOR AND
MEMBER OF EXECUTIVE COMMITTEE
The Board is pleased to announce that Mr. Leung Wai Yiu, Malcoln has been appointed
as an executive Director and a member of the Executive Committee with effect from 16
The board (the “Board”) of directors (the “Directors”) of G-Resources Group Limited
(the “Company”, together with its subsidiaries, collectively the “Group”) is pleased to
announce that Mr. Leung Wai Yiu, Malcoln (“Mr. Leung”) has been appointed as an
executive Director and a member of the executive committee of the Company (the
‘‘Executive Committee’’) with effect from 16 April 2018.
Pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited (the “Listing Rules”), the following are the personal
particulars of Mr. Leung:
Mr. Leung, aged 36, currently serves as executive director, Head of Investments of the
Company and is primarily responsible for the Group’s investment, asset management
and strategic planning, as well as formulating the Group’s overall business and asset
portfolio strategy. Mr. Leung is also responsible for the day-to-day operations and
overall management of the Company’s investment management team. He is a director
of various subsidiaries of the Company. Mr. Leung has over 14 years of extensive
experience in asset management, investment banking and technology industry, based in
the United States, Singapore and Hong Kong. Prior to joining the Group in 2017, Mr.
Leung held key positions in various multinational financial institutions and investment
banks including Bank of America Merrill Lynch, Standard Chartered and HSBC, and he
was responsible for leading global private equity investments and cross-border merger
and acquisition transactions, covering different industries such as technology, real
estate, financials, insurance and healthcare. Mr. Leung obtained a master’s degree in
business administration from the Massachusetts Institute of Technology in the United
Mr. Leung is not related to any Director, senior management or substantial or controlling
shareholder of the Company and he has not held any directorship in other public
companies, the securities of which are listed on any securities market in Hong Kong or
overseas in the past three years.
As at the date of this announcement, Mr. Leung does not have any interest in the shares
and/or underlying shares of the Company or its associated corporations within the
meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws
of Hong Kong).
The Company entered into a service agreement with Mr. Leung. Mr. Leung has no fixed
term of service with the Company and he will retire but be eligible for re-election at the
forthcoming annual general meeting of the Company. Thereafter, he will be subject to the
retirement by rotation and re-election requirements at annual general meetings pursuant to
the Bye-laws of the Company. Under Mr. Leung’s service agreement, Mr. Leung is entitled
to a monthly director’s fee of HK$20,000, which was determined by reference to his duties
and responsibilities and the prevailing market conditions. Mr. Leung may also be entitled to
a bonus for each financial year of the Company, which is at the discretion of the Board and
determined by reference to Mr. Leung’s performance and the Group’s performance for the
financial year concerned.
Save as disclosed above, there is no other matters relating to the above appointment of
executive Director that need to be brought to the attention of the shareholders of the
Company nor any other information required to be disclosed pursuant to the requirement
of Rule 13.51(2) of the Listing Rules.
The Board would like to take this opportunity to welcome Mr. Leung to join the Board.
By Order of the Board
G-Resources Group Limited
Leung Oi Kin
Executive Director and Company Secretary
Hong Kong, 16 April 2018
As at the date of this announcement, the Board comprises:
(i) Mr. Chiu Tao, Mr. Ma Xiao, Mr. Wah Wang Kei, Jackie, Mr. Leung Oi Kin and
Mr. Leung Wai Yiu, Malcoln as executive Directors; and
(ii) Mr. Lo Wa Kei, Roy, Mr. Chen Gong and Mr. Martin Que Meideng as
independent non-executive Directors.
* For identification purpose only