CHINA ENERGY STORAGE TECHNOLOGY DEVELOPMENT LIMITED Link-Asia International MedTech Group Limited announced executive changes. The company announced appointment of Mr. Wu Chi King as an Independent Non-executive Director of the Company with effect from 6 September 2023. Mr. Wu Chi King (``Mr. Wu''), aged 41, received a Bachelor of Computer Science from Monash University and is a Certified Practising Accountant (CPA) of Certified Practising Accountant Australia.
He has accumulated extensive experience in finance and accounting by working in various listed and sizable companies in Hong Kong. Mr. Wu is currently the financial controller of Hang Heung Cake Shop Company Limited, a private company incorporated in Hong Kong with limited liability which is a food product manufacturer. Mr. Wu is also an independent non-executive director of Palinda Group Holdings Limited, a company whose shares are listed on GEM of the Stock Exchange since September 2022; Mansion International Holdings Limited, a company whose shares are listed on GEM of the Stock Exchange since June 2021; and Wan Cheng Metal Packaging Company Limited, a company whose shares are listed on GEM of the Stock Exchange since June 2020.
Mr. Wu will enter into an appointment letter as an independent non-executive Director with the Company for an initial term of three years, and will be subject to retirement by rotation and re-election at general meeting of the Company in accordance with the Company's articles of association. Mr. Wu is entitled to a directors' fee of HKD 240,000 per annum as specified in his letter of appointment, which is determined by the Board with reference to his duties and responsibilities in the Company, the prevailing market rate and the remuneration policy of the Company. Such remuneration is subject to review by the Remuneration Committee and the Board from time to time.
CHANGE OF COMPOSITION OF BOARD COMMITTEES: Mr. Wu has be appointed as the member of the Audit Committee, the chairman of the Remuneration Committee and a member of the Nomination Committee with effect from 6 September 2023.
