Hong Kong Exchanges and Clearing Limited (“HKEx”) announces the appointment of Dr Hu Zuliu, Fred (“Dr Hu”) as an Independent Non-executive Director of HKEx effective 10 November 2014.
The Board of Directors of HKEx (“Board”) accepted the recommendation of the Nomination Committee to appoint Dr Hu as an Independent Non-executive Director of HKEx effective 10 November 2014 to fill the casual vacancy that arose from the resignation of Mr John Estmond Strickland.
Dr Hu’s biographical information is set out below:
Dr Hu Zuliu, Fred (aged 51)
Other major offices
- Hang Seng Bank Limited * – independent non-executive director (2011~)
- Lloyd’s – council member (2014~)
- Primavera Capital Limited – founder and chairman (2011~)
- SCMP Group Limited * – independent non-executive director (2010~)
- Shanghai Pudong Development Bank Co., Ltd. (listed on the Shanghai Stock Exchange) – external supervisor (2008~)
- Sotheby’s Hong Kong Limited – advisor (2012~)
- Tsinghua University – professor and co-director of National Center for Economic Research (1996~)
Past offices
- Goldman Sachs Group Inc. (1997-2010: chairman of Greater China (2008-2010) and managing director (2000-2010))
- International Monetary Fund, Washington DC – economist (1991-1996)
Qualifications
- Master and Doctor of Philosophy (Economics) (Harvard University, US)
- Master of Science (Engineering Science) (Tsinghua University, China)
* Currently listed on The Stock Exchange of Hong Kong Limited
Dr Hu confirmed that he meets the independence criteria as set out in Rule 3.13 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“Listing Rules”).
There is no service contract entered into between Dr Hu and HKEx or any member of the HKEx group of companies. Pursuant to Article 90 of HKEx’s Articles of Association, Dr Hu shall retire at the next following general meeting of HKEx and shall be eligible for reappointment.
For being a Non-executive Director, Dr Hu is entitled to receive the remuneration of HK$700,000 per annum pro-rated based on the services rendered for the period between annual general meetings of HKEx until otherwise determined by shareholders.
As at the date of this announcement, Dr Hu does not have any interest in the shares of HKEx within the meaning of Part XV of the Securities and Futures Ordinance. Dr Hu confirmed that he does not have any relationship with any Directors, senior management, substantial shareholders or controlling shareholders (as defined in the Listing Rules) of HKEx.
Save for that disclosed above, Dr Hu confirmed that there is no other information required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules, and HKEx is not aware of any other matters in relation to his appointment that need to be brought to the attention of shareholders.
By order of the Board
Hong Kong Exchanges and Clearing Limited
Joseph Mau
Company Secretary