Market Overview

China Metro-Rural Holdings Limited: Appointment of Directors of the Company

China Metro-Rural Holdings Limited (NYSE: CNR) announced the appointments of Mr. Ho Min Sang and Mr. Su Shaobin as the Directors of the Company and the appointment of Mr. Sio Kam Seng as the Chairman by the Board of Directors of the Company effective August 25, 2011.

"Mr. Ho's and Mr. Su's appointments will strengthen our team and help our business in the changing market environment. Their extensive experience in enterprise management and business development will be an asset to our business and they will be able to make very useful contributions to deliver significant long term value to our shareholders," states Mr. Sio, Chairman of the Board.

Mr. Ho was one of the initial investors in the Company and was involved in the Company's business development until the Company was publicly listed, given his insight into the Company's values, structure and goals. Mr. Ho has over 25 years experience in the fine jewelry business including retail, wholesale and manufacturing. Mr. Ho has served as the Chairman of CARINE FRANCOIS France since 1985. CARINE FRANCOIS is the second largest importer both in quantity and value of fine jewelry in France. As the Chairman of his group of companies, his investments covered France, Hong Kong and Mainland China. He is experienced in the areas of enterprise management and business development.

Mr. Su is a Senior Economist in the PRC, and currently the Chairman of Jiangxi Zhenchang Group. He obtained a Bachelors Degree in Decoration and Design from South China University of Technology in 1993. In 2005, he earned a Masters Degree from the Graduate School of The China Academy of Social Science, and received another Masters Degree in Business Administration from The Open University of Hong Kong. Mr. Su has extensive management and working experience in the Building Decoration and Designs Industry for over 17 years and was awarded "Excellent Entrepreneur of China Building Decoration Industry" in 2004. Mr. Su is currently a member of the standing committee of the China Building Decoration Association and a member of the standing committee of the Federation of Industry and Commerce in Jiangxi Province. In 2006, Mr. Su was awarded "Excellent Builder of Socialism with Chinese Characteristics" by Nanchang Municipal Government, and was elected as representative of the Twelfth and Thirteenth People's Congress of Nanchang City and the representative of the Eleventh People's Congress of Jiangxi Province.

A Nominating Committee was set up by the approval of the Board of Directors of the Company effective August 25, 2011. Mr. Francis Tsui will be the Chairman of the Nominating Committee. Mr. Matthew Lai, Mr. Henry Wong and Mr. Ernest Yuen will be the members of the Committee. Mr. Ernest Yuen was also appointed as one of the Compensation Committee Members effective August 25, 2011.

Posted-In: News Management

 

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