People: Kuangchi Science Ltd (0439.HK)
24 Jun 2019
Ms. Cao Xinyi has been appointed as an Independent Non-Executive Director of the Company. She is currently the chairman of board of directors, executive Director and company secretary of E-Commodities Holdings Limited (“E-Commodities”), a company incorporated in the British Virgin Islands with limited liability and the shares of which are listed on The Stock Exchange of Hong Kong Limited (stock code: 1733). E-Commodities has implemented a series of debt restructuring schemes in relation to senior notes in US dollar due 2016 (“Senior Notes”). The schemes have been approved by a majority of the holders of the Senior Notes, and have been sanctioned by the High Court of Hong Kong Special Administrative Region and the Commercial Court of the British Virgin Islands on 17 May 2016 and 2 June 2016 respectively. Details of debt restructuring of E-Commodities are set out in the announcements made by E-Commodities on the website of The Stock Exchange of Hong Kong Limited. Ms. Cao has long term experience in the business and operations of E-Commodities, and has been closely involved with the financial affairs of E-Commodities and has extensive experience in investors relationship. From 2005 to 2009, Ms. Cao has served at PricewaterhouseCoopers. She graduated from the City University of Hong Kong with a bachelor’s degree in Business Administration in 2005. Ms. Cao is a member of the Hong Kong Institute of Certified Public Accountants.
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