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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.
KAI SHI CHINA HOLDINGS COMPANY LIMITED
開世中國控股有限公司
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 1281)
ANNOUNCEMENT
APPOINTMENT OF EXECUTIVE DIRECTORS
AND
CHANGE OF CHIEF EXECUTIVE OFFICER
AND
CHAIRMAN OF THE BOARD
References are made to the Joint Announcement and the Composite Document.
The Board hereby announces that with effect from the date of despatch of the Composite Document
(i.e. 30 January 2015) and upon the despatch of the Composite Document, Mr. Wei Shaojun and Ms.
Zhen Xiaojing have been appointed as the executive Directors.
Reference is made to the composite offer and response document jointly issued by Kai Shi China
Holdings Company Limited (the ‘‘Company’’) and Longevity Investment Holding Limited
(‘‘Longevity’’) dated 30 January 2015 (the ‘‘Composite Document’’) and the announcements jointly
issued by the Company and Longevity dated 5 December 2014 and 30 January 2015 (the ‘‘Joint
Announcements’’). Unless otherwise defined herein, the capitalised terms used in this announcement
have the same meanings as those defined in the Composite Document and the Joint Announcements.
The Board hereby announces that with effect from the date of despatch of the Composite Document
(i.e. 30 January 2015) and upon the despatch of the Composite Document, Mr. Wei Shaojun has been
appointed as the executive Director, chief executive officer and the chairman of the Board and Ms.
Zhen Xiaojing has been appointed as an executive Director.
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Mr. Kai’s resignation as the chief executive officer and the chairman of the Board takes effect from the
date of despatch of the Composite Document. Mr. Kai has confirmed that he has no disagreement with
the Board and there is no other matter that should be brought to the Shareholders’ or the Stock
Exchange’s attention in relation to his resignation as the chief executive officer and the chairman of the
Board.
Set out below are the biographies of Mr. Wei and Ms. Zhen Xiaojing (the ‘‘New Directors’’):
Mr. Wei Shaojun, aged 51, is the founder, the controlling shareholder and the chairman of Longjitaihe
and has approximately 18 years of experiences in real property development industry. From 1996 and
2003, Mr. Wei acted as the general manager of Hebei Gaobeidian Construction Enterprise Group No. 6
Construction Company Limited (河北省高碑店市建築企業集團第六建築工程有限公司) and has
accumulated a wealth of practical and management experience, which has laid down a solid foundation
for the development of Longjitaihe. In 2002, Mr. Wei founded Longjitaihe, and under the leadership of
Mr. Wei, Longjitaihe has developed from a small-scale business into a large-scale industrial group
which integrated diversified industries including real estate development, commercial operations and
new energy.
Mr. Wei was a Member of the 12th National People’s Congress, a Member of the 9th and 10th Hebei
Province Committee of the Chinese People’s Political Consultative Conference (CPPCC), a National
Model Worker, and the vice chairman of the Hebei Province Federation of Industry & Commerce. Mr.
Wei has also been awarded the honorary titles such as the ‘‘China Honesty Entrepreneur’’, the ‘‘Person
Award for Outstanding Contributions to 30 Years of Reform and Opening-up of China in the
Commerce Industry’’ and the ‘‘Hebei Province Outstanding Private Entrepreneur’’.
Ms. Zhen Xiaojing, aged 32, is a director of Longevity. Ms. Zhen graduated from College of
Accounting, Hebei University of Economics and Business in 2006 with a major in accountancy, and
Ms. Zhen also obtained a bachelor’s degree in business administration. Ms. Zhen has worked in
Longjitaihe since her graduation. Ms. Zhen has served as a staff, assistant manager, manager and
director in the finance department of Longjitaihe and has accumulated a wealth of experience in finance
management and operations in the group companies. Ms. Zhen also served as the general manager of
Hebei Longjitaihe Industrial Investment Co., Ltd. and was responsible for its daily operations and
management. Ms. Zhen has been responsible for the capital & funds operation department of
Longjitaihe since March 2011, and has served as the chief financial officer of Hedao International
Commercial and Trading Co., Ltd.
Each of the two New Directors will enter into a service contract with the Company after his/her
appointment. Their directorship will be subject to retirement by rotation and re-election pursuant to the
articles of association of the Company. The remuneration of each of the two new Directors will be
determined and recommended by the Remuneration Committee of the Company (the ‘‘Remuneration
Committee’’) and be approved by the Board based on their qualifications, experience, level of
responsibilities undertaken and prevailing market conditions. The remuneration of each of the two New
Directors will be subject to annual review by the Remuneration Committee and the Board.
–2–
Save that Mr. Wei is interested in 450,900,000 Shares, representing approximately 74.90% of the
issued share capital of the Company as at the date of this announcement and 100% shareholding
interest in Longevity, none of the above New Directors has any interest or short position (both within
the meaning of Part XV of the SFO) in the shares, underlying shares or debentures of the Company or
any of its associated corporation (as defined under Part XV of the SFO) as at the date of this
announcement.
Save as disclosed above, as of the date of this announcement, each of the two New Directors (i) does
not hold any other positions in the Company or its subsidiaries; (ii) does not have any other
relationship with any other Directors, senior management, substantial shareholders or controlling
shareholders of the Company; and (iii) has not held any directorships in listed public companies in the
last three years.
Each of the two New Directors confirmed that there is no information which is discloseable nor is/was
he/she involved in any of the matters required to be disclosed pursuant to any of the requirements of
Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there is no other matter that need to be
brought to the attention of the Shareholders. Any further changes to the Board composition will be
made in compliance with the Takeovers Code and the Listing Rules.
By Order of the Board
KAI SHI CHINA HOLDINGS COMPANY LIMITED
Wei Shaojun
Chairman
Hong Kong, 30 January 2015
As at the time of issue of this announcement, the executive Directors of the Company are Mr. Wei Shaojun, Ms. Zhen
Xiaojing, Mr. Kai Chenglian, Mr. Kai Xiaojiang, Ms. Jiang Shuxia and Ms. Han Liping and the independent non-executive
Directors of the Company are Ms. Yang Jing, Mr. Li Fook Wing and Ms. Sun Huijun.
–3–