Circular - Election of Directors and Supervisor...

-------------------------------------------------------------------------- THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION -------------------------------------------------------------------------- If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult a stockbroker or other registered dealer in securities, a bank manager, solicitor, professional accountant or other professional adviser. If you have sold all your shares in Zhejiang Expressway Co., Ltd., you should at once pass this circular to the purchaser or to the bank, stockbroker or other agent through whom the sale was effected for transmission to the purchaser. The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this circular, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. ZHEJIANG EXPRESSWAY CO., LTD. (A joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock code: 0576) PROPOSED AMENDMENT TO ARTICLES OF ASSOCIATION ELECTION OF DIRECTORS AND SUPERVISORS OF THE SIXTH SESSION NOTICE OF 2011 ANNUAL GENERAL MEETING April 25, 2012 ------------------------------------------------------------------------- LETTER FROM THE BOARD ------------------------------------------------------------------------- ZHEJIANG EXPRESSWAY CO., LTD. (A joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock code: 0576) Dear Sir or Madam: PROPOSED AMENDMENT TO ARTICLES OF ASSOCIATION ELECTION OF DIRECTORS AND SUPERVISORS OF THE SIXTH SESSION NOTICE OF 2011 ANNUAL GENERAL MEETING INTRODUCTION The current board of directors of the Company comprises nine directors including five executive directors and four non-executive directors (three of whom are independent non-executive directors), while the supervisory committee of the Company comprises five supervisors including four outside supervisors (including three independent supervisors and one supervisor representing the shareholders) and one supervisor representing the employees of the Company. Under the articles of association of the Company, all of the directors and outside supervisors of a new session will be elected in a general meeting through resolutions adopted by more than half of the voting rights held by the shareholders (including their proxies) attending the meeting. The supervisor representing the employees will be elected by the employees of the Company. The current and fifth session of the broad of directors and the supervisory committee expired on February 29, 2012. Due to a delay in the nomination process for the appointment of candidates to the next session of the board and the supervisory committee, the current members stayed on as members of the board and the supervisory committee until a new session of the board and the supervisory committee is elected. ANNUAL GENERAL MEETING The 2011 annual general meeting of the Company (the "AGM") will be held at 9:00 a.m. on Monday, June 11, 2012 at 12th Floor, Block A, Dragon Century Plaza, 1 Hangda Road, Hangzhou, Zhejiang 310007, the PRC, to consider, amongst others, to elect members of the board of directors and the supervisory committee of the sixth session, except for the supervisor representing the employees of the Company, and to fix their respective remunerations. A notice of the AGM is set out on page 10 of this circular. PROPOSED AMENDMENT TO ARTICLES OF ASSOCIATION Based on candidates nominated to the sixth session of the board of directors, the new board of directors of the Company will comprise three executive directors and six non-executive directors, three of whom are independent non-executive directors. To reflect this change in the composition of the board of directors, the Company proposes to amend the articles of association of the Company accordingly. The proposed amendment to the articles is set out in Appendix I to this circular. According to the articles of association of the Company and the relevant laws and regulations, the proposed amendment to the articles are subject to the approval of the shareholders of the Company by way of special resolution at the AGM of the Company to be held on June 11, 2012. The legal advisers to the Company as to Hong Kong laws and laws of he People's Republic of China ("PRC") have respectively confirmed that the proposed amendment to the articles of association of the Company comply with the requirements of the Listing Rules and the applicable laws of PRC. The Company confirms that there is nothing unusual about the proposed amendments for a company incorporated in the PRC and listed on The Stock Exchange of Hong Kong Limited. INDEPENDENT NON-EXECUTIVE DIRECTORS Of the three candidates nominated to become independent non-executive directors of the Company, Mr. ZHOU Jun and Mr. PEI Ker-Wei are first time nominees while Mr. ZHANG Junsheng had been serving as an independent non-executive director of the Company since 2000. Notwithstanding the abovementioned, Mr. ZHANG has provided confirmation on having satisfied all factors concerning independence as set out in Rule 3.13 of the Listing Rules. The Board believes that Mr. ZHANG Junsheng will continue to be independent and should be re-elected on the basis of his valuable knowledge and experience. DIRECTORS AND SUPERVISORS' EMOLUMENTS The proposed remunerations for executive directors, which are fixed for their three-year term of service based on remuneration for the fifth session of the Board, are as follows: 1st year 2nd year 3rd year Rmb Rmb Rmb Chairman 899,000 899,000 899,000 Director/General Manager 689,000 689,000 689,000 Director/Deputy General Manager 595,000 595,000 595,000 Non-executive directors and supervisors do not receive any fixed remunerations from the Company, though all directors and supervisors are provided with allowances that are subject to their levels of participation in the Company's meetings as determined by the board of directors at their discretion and there are no applicable scale for determining such remuneration. FINAL DIVIDEND The Directors have resolved to recommend a final dividend of Rmb25 cents per share in respect of the year ended December 31, 2011. GENERAL INFORMATION Your attention is drawn to the appendices to this circular. There are no other matters that need to be brought to the attention to the shareholders of the Company. Yours faithfully, By order of the Board Zhejiang Expressway Co., Ltd. Tony Zheng Company Secretary April 25, 2012 ------------------------------------------------------------------------ APPENDIX 1 AMENDMENT TO ARTICLES OF ASSOCIATION ------------------------------------------------------------------------ Amend Article 90 of the Articles by deleting Article 90 in its entirety and substituting therefor the following new Article 90: "The Company shall have a board of directors. The board of directors shall comprise nine directors, of whom at least three shall be independent non-executive directors. The board of directors shall have one chairman and one vice-chairman." ----------------------------------------------------------------------- APPENDIX 2 PARTICULARS OF DIRECTOR AND SUPERVISOR TO BE APPOINTED ----------------------------------------------------------------------- NAMES AND PROFILES OF THE CANDIDATES OF THE BOARD OF DIRECTORS OF THE SIXTH SESSION The proposed candidates of the board of directors of the sixth session of the Company are nominated by the Nomination and Remuneration Committee of the Company. Mr. ZHAN Xiaozhang, Mr. DING Huikang and Mr. ZHANG Junsheng are members of the board of the fifth session and have been nominated as candidates for re-election as members of the board of the sixth session. Ms. LUO Jianhu, Mr. LI Zongsheng, Mr. WANG Weili, Mr. WANG Dongjie, Mr. ZHOU Jun and Mr. PEI Ker-Wei are newly nominated candidates for election as members of the board of the sixth session. The profiles of the candidates nominated to the board of directors of the sixth session are as follows: Executive directors Mr. ZHAN Xiaozhang, born in 1964, is a senior economist with a bachelor's degree in law. In 2005, Mr. Zhan obtained a master's degree in public administration from the Business Institute of Zhejiang University. Mr. Zhan has been appointed as an Executive Director and the General Manager of the Company since March 1, 2009. From 1985 to 1991, Mr. Zhan worked as an officer at Transport Administrative Division under Waterway Transport Authority of Zhejiang Provincial Bureau of Construction. From 1991 to 1998, he served as Deputy Secretary then Secretary of the Communist Youth League Commission at Zhejiang Provincial Bureau of Communications. From 1998 to 2002, he was Deputy Director of Waterway Transport Authority under Zhejiang Provincial Bureau of Communications. From 2002 to 2003, he was Deputy Director of Human Resources Department at Zhejiang Provincial Bureau of Communications. From 2003 to 2006, Mr. Zhan was Chairman of Zhejiang Wenzhou Yongtaiwen Expressway Co., Ltd. From 2006 to 2008, he became Chairman of Zhejiang Jinji Property Co., Ltd. Mr. Zhan has been Assistant to General Manager and Manager of Research and Development Department at Zhejiang Communications Investment Group Co., Ltd. ("Communications Group", the controlling shareholder of the Company) from 2006 to 2009; he currently serves as Deputy General Manager of Communications Group. Ms. LUO Jianhu, born in 1971, graduated from the Department of Law at Hangzhou University, majoring in Economic Law. She is a senior economist with a bachelor's degree in law. Since she started her career in August 1994, Ms. Luo had held such positions as the board secretary of Zhejiang Transportation Engineering Construction Group Co., Ltd. and the secretary of the Secretarial Office to the Board, assistant director, deputy director of Legal Affairs Department, deputy director of the Secretarial Office to the Board of Zhejiang Communications Investment Group Co., Ltd. She is currently the board secretary, director of the Secretarial Office to the Board and Manager of Investment and Development Department of Zhejiang Communications Investment Group Co., Ltd. Mr. DING Huikang, born in 1955, is an Executive Director and Deputy General Manager of the Company. Mr. Ding graduated from Zhejiang Institute of Communications majoring in Road and Bridge Engineering and Changsha Institute of Communications majoring in Economic Law. From 1980 to 1997, Mr. Ding successively held the positions of technician, assistant engineer, engineer, assistant team leader and team leader at No.1 Road Engineering Team of Zhejiang Province. From 1997 to 2000, he served as General Manager and senior engineer of No.1 Transportation Engineering Co., Ltd. of Zhejiang Transportation Engineering Construction Group. From 2000 to 2004, he was head of the management committee of Zhejiang Ningbo Yongtaiwen Expressway Second Phase Project. He has been Chairman of Zhejiang Ningbo Yongtaiwen Expressway Co., Ltd. and Zhejiang Zhoushan Cross-Sea Bridge Co., Ltd. since 2004 and 2006 respectively. Non-executive directors Mr. LI Zongsheng, born in 1967, is a senior economist. Since graduated from the Department of Chinese Language at YanTai University in July 1991, Mr. Li had served as the deputy director of the administrative office of the Commission for Economy and Trade of Zaozhuang in Shandong Province and the head of the First Secretarial Division of Zaozhuang Municipal Government Office. Since he joined Zhejiang Communications Investment Group Co., Ltd. in July 2004, he had successively held the positions of the head and deputy director of Chinese Communist Party Working Department, deputy director of Discipline Office, the board secretary and deputy director of the Secretarial Office to the Board. He is currently the manager of Human Resources Department of Zhejiang Communications Investment Group Co. Ltd. Mr. WANG Weili, born in 1965, graduated from Fuzhou University majoring in Road and Bridge, and then obtained a master's degree in Civil Engineering from Zhejiang University. He is a senior engineer with professional certification. Since he started his career in September 1987, Mr. Wang had served as an engineer of Zhejiang Transportation Design Institute, the vice director of Engineering Division of Executive Commission of Zhejiang Jinliwen Expressway Co., Ltd., the deputy general manager and chief engineer of Zhejiang Jiashao Expressway Co., Ltd. Since he joined Zhejiang Communications Investment Group Co., Ltd. in May 2006, he had successively held the positions of the vice president of Project Management Department, Security Management Department and Expressway Management Department and the deputy director of the Expressway Construction Management Office. He is currently the manager of Expressway Management Department of Zhejiang Communications Investment Group Co. Ltd. Mr. WANG Dongjie, born in 1977, graduated from Southeast University majoring in Highway and Railway Engineering with a master's degree in engineering. He is a senior engineer. Since he started his career in March 2002, Mr. Wang had served as an engineer of Executive Commission of Hangzhou Ring Road North Line Project, the deputy executive chief of Executive Commission for the interflow renovation of Hangzhou airport road, the Engineering Division Chief of Management Office of Chun'an section of Hangqian Expressway and the director and deputy general manager of Hangzhou Transportation Road and Bridge Construction Company. He joined Zhejiang Communications Investment Group Co., Ltd. in January 2007, and is currently the vice president of Investment and Development Department. Independent non-executive directors Mr. ZHANG Junsheng, born in 1936, is a professor, Independent Non-executive Director and a member of the Audit Committee and the Nomination and Remuneration Committee of the Company. Mr. Zhang graduated from Zhejiang University in 1958, and was Lecturer, Associate Professor, and Advising Professor at Zhejiang University. He was also concurrently a Professor at, amongst other universities, Zhongshan University. In 1980, he became Deputy General Secretary of Zhejiang University. In 1983, Mr. Zhang served as Deputy General Secretary in the Hangzhou City Communist Party Committee. In 1985, he began to work for the Xinhua News Agency, Hong Kong Branch, and had become its Deputy Director since July, 1987 and was Consultant to the Sichuan Provincial Government and Senior Consultant to the Shenzhen Municipal Government. Since September 1998, Mr. Zhang has taken up the position of General Secretary of Zhejiang University and the Special Advisor to the Zhejiang Provincial Government. From 2003 to 2008, Mr. Zhang served as Director of the Zhejiang Province People's Government Economic Development Consultation Committee and he is currently Chairman of Zhejiang University Development Committee, Inspector engaged by the Ministry of Education, President of Association of Confucianism in Zhejiang Province, Honorary Doctor of Science of City University of Hong Kong, Honorary Academician of Asian Knowledge Management Association and Honorary Professor of Canadian Chartered Institute of Business Administration. Mr. Zhang has been an Independent Non-executive Director of the Company since March 2000. Mr. ZHOU Jun, born in 1969, is Executive Director and Deputy Chief Executive Officer of Shanghai Industrial Holdings Ltd. and Vice President of Shanghai Industrial Investment (Holdings) Co. Ltd. ("SIIC"). Mr. Zhou graduated from Nanjing University and Fudan University with a Bachelor's and a Master's degree in economics (international finance). He also serves as the Chairman of S. I. Infrastructure Holdings Ltd. and other seven companies, Vice President of Asia Water Technology Limited in Singapore (SGX:5GB), Executive Director of Shanghai Industrial Urban Development Group Limited (HK: 0563), and is a member of the Shanghai Municipal People's Congress. He worked for Guotai Securities Co., Ltd. (now Guotai Junan Securities Co.) before joining SIIC in April 1996. The management positions he had held within the SIIC group of companies were Deputy General Manager of SIIC Real Estate Holdings (Shanghai) Co., Ltd., Deputy General Manager of Shanghai United Industrial Co., Ltd., Director and General Manager of Shanghai Galaxy and General Manager of the strategic investment department of SIIC. Mr. Zhou has more than 10 years' professional experience in securities, finance, real estate and project planning. Mr. PEI Ker-Wei, born in 1957, is Professor of Accountancy, and Associate Dean at W. P. Carey School of Business, Arizona State University. Mr. Pei received his Ph.D. degree in Accounting from University of North Texas in 1986. He is currently the Director of W. P. Carey EMBA programs in China. He served as the Chairman of Globalization Committee of the American Accounting Association in 1997 and as the President of Chinese Accounting Professors Association�CNorth America in 1993 to 1994. Mr. Pei currently serves as an external director of Baosteel Group and independent director of Want Want China Holdings (00151.hk) and Zhong An Real Estate (00672.hk). NAMES AND PROFILES OF THE CANDIDATES TO THE SUPERVISORS OF THE SUPERVISORY COMMITTEE OF THE SIXTH SESSION The outside supervisors of the Company are elected and removed at a general meeting, whereas the supervisor representing the employees is elected and removed by the employees of the Company. Mr. WU Yongmin and Mr. LIU Haisheng are the members of the supervisory committee of the fifth session and have been nominated as candidates for re-election as the independent supervisors of the supervisory committee of the sixth session. Mr. FU Zhexiang and Mr. ZHANG Guohua are newly nominated candidates for election as supervisor representing shareholders of the Company and independent supervisor for the supervisory committee of the sixth session, respectively. Ms. ZHANG Xiuhua has been elected by employees of the Company as the supervisor representing employees of the Company for the supervisory committee of the sixth session. The profiles of the candidates to the new supervisory committee are as follows: Supervisor representing shareholders Mr. FU Zhexiang, born in 1958, graduated from Correspondence College of the Party Central School majoring in Economics with a bachelor's degree. He is a senior accountant with professional certification. Since he started his career in December 1976, Mr. Fu had served as the deputy chief of the Transportation Management Division of Highway Administration of Zhejiang Province and the deputy chief accountant of Zhejiang Xin Gan Xian Express Passenger Transportation Co., Ltd. Since he joined Zhejiang Communications Investment Group Co., Ltd. in February 2002, he had successively held the positions of the assistant manager of the Financial Audit Department and the vice president of Financial Management Department and Internal Audit Department. He is currently the manager and financial director of the Financial Management Department of Zhejiang Communications Investment Group Co., Ltd. Independent supervisors Mr. WU Yongmin, born in 1963, is an assistant professor. Mr. Wu graduated from China University of Political Science and Law with a master's degree in law in 1990. He was Deputy Dean of the Department of Law at Hangzhou University, Deputy Dean and Standing Deputy Dean of the Department of Law at Zhejiang University's Law School, and Director of Zhejiang Zheda Law Firm. Mr. Wu studied at Christian-Albrechts-Universitatzu Kiel in 1996 as Visiting Scholar. He is currently Acting Dean of the Department of Law at the Law School of Zhejiang University, Supervisor for master's degree candidates in Business Law, member of China Business Law Research Council, Deputy Director of Zhejiang Tax Law Research Council, Arbitrator of Hangzhou Arbitration Committee, and Lawyer at Zhejiang Zheda Law Firm. Mr. LIU Haisheng, born in 1969, is a professor. He obtained a doctorate degree in Economics from Fudan University, a postdoctoral fellow in Accounting at Xiamen University. He is currently Professor in Accounting, a master student supervisor, a Certified Public Accountant (non-practicing) in the PRC, a member of the Expert Consultancy Committee of Accounting Standards in Zhejiang Province, an Assessment Expert on Financial Expenditures Performance of Zhejiang Province, an executive member of the Zhejiang Association of Certified Financial Officers and Independent Supervisor of the Company. He is currently a Vice Dean of the School of Finance and Accounting at Zhejiang Gongshang University. His main research fields include accounting for intangible assets, strategic cost management and economic theories. Mr. LIU is also an independent director of the following public listed companies: Ningbo Thermal Power Co., Ltd, Zhejiang Qianjiang Motorcycle Co., Ltd and Zhejiang Enjoyor Electronics Co., Ltd. Mr. ZHANG Guohua, born in 1963, obtained a doctorate degree in human resources management. He is a senior economist and the president of Ping An Bank Hangzhou Branch. Mr. Zhang graduated from Hangzhou University in 1985 with a bachelor's degree in education and then received a master's degree in educational psychology in 1988. In 2000, he was granted the Graduate Certificate of Completion in finance by the School of Economics of Zhejiang University, and then obtained the doctorate degree from the School of Management of Zhejiang University in 2007. Since 1988, Mr. Zhang had successively worked in the headquarters of China Industrial and Commercial Bank, Hangzhou Institute of Financial Managers, Hangzhou Financial Urban Credit Cooperative, China Everbright Bank Hangzhou Branch and Wuxi Branch. Since February 2009, he has been the president of Ping An Bank Hangzhou Branch. Since 10 July 2008, he has served as an independent director of Zheshang Securities. Supervisor representing employees (Elected by employees of the Company) Ms. ZHANG Xiuhua, born in 1969, is a senior economist and the manager of Operation Department of the Company. Ms. Zhang graduated from Chongqing Jiaotong University majoring in transportation management with a bachelor's degree in science, and obtained a master's degree in business administration from Zhejiang University in 2006. From 1991 to 1997, Ms. Zhang had worked at the Operation Office of the Executive Commission of Zhejiang Expressway. Since she joined the Company in 1997, Ms. Zhang has successively served as the assistant manager, deputy manager and manager of the Operation Management Department. She is also a director of Zhejiang Yuhang Expressway Co., Ltd. and Zhejiang Expressway Petroleum Company. OTHER INFORMATION Save as disclosed in the above, the proposed candidates for the board of directors and supervisors of the sixth session of the Company have no relationships with any directors, senior management or substantial or controlling shareholders of the Company. The proposed term of office of the directors and supervisors of the sixth session will be for a period of three years, commencing on June 11, 2012 and expiring on June 30, 2015. None of the proposed candidates for the board of directors and supervisors of the sixth session of the Company has an interest in the shares of the Company (within the meaning of Part XV of the Securities and Futures Ordinance). ---------------------------------------------------------------------- APPENDIX 3 NOTICE OF ANNUAL GENERAL MEETING ---------------------------------------------------------------------- ZHEJIANG EXPRESSWAY CO., LTD. (A joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock code: 0576) NOTICE OF 2011 ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 2011 annual general meeting (the "AGM") of Zhejiang Expressway Co.,Ltd. (the"Company") will be held at 9:00 a.m. on Monday, June 11, 2012 at 12/F, Block A, Dragon Century Plaza, 1 Hangda Road, Hangzhou, Zhejiang Province, the People's Republic of China (the "PRC"), for the purpose of considering and, if thought fit, passing with or without modification or amendment the following resolutions: A. AS ORDINARY RESOLUTIONS: 1. to consider and approve the report of the directors for the year 2011; 2. to consider and approve the report of the supervisory committee for the year 2011; 3. to consider and approve the audited financial statements for the year 2011; 4. to consider and approve final dividend of Rmb25 cents per share in respect of the year ended December 31, 2011; 5. to consider and approve the final accounts for the year 2011 and the financial budget for the year 2012; 6. to consider and approve the re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants Hong Kong as the Hong Kong auditors of the Company, and to authorize the board of directors of the Company (the "Board") to fix their remuneration; and 7. to consider and approve the re-appointment of Pan China Certified Public Accountants as the PRC auditors of the Company, and to authorize the Board to fix their remuneration. 8. to elect directors of the Company, other than Mr. ZHANG Junsheng, and consider and approve their remuneration and allowance package; 9. to re-elect Mr. ZHANG Junsheng as an independent non-executive director of the Company and consider and approve his allowance package; 10. to elect supervisors of the Company, and consider and approve their allowance package; 11. to authorize the Board to approve the directors' service contracts, the supervisors' service contracts and all other relevant documents and to authorize any one executive director of the Company to sign such contracts and other relevant documents for and on behalf of the Company and to take all necessary actions in connection therewith. B. AS SPECIAL RESOLUTION: "THAT the proposal by the Board to amend the articles of association of the Company in the manner as set out in the circular of the Company dated April 25, 2012 to the shareholders of the Company, of which this notice forms part, be and is hereby approved, and the Board be and is hereby authorized to do all such things as necessary in respect of the amendments pursuant to the requirements (if any) under domestic or overseas laws or under the rules of any stock exchange on which any securities of the Company are listed." By order of the Board Zhejiang Expressway Co., Ltd. Tony Zheng Company Secretary Hangzhou, the PRC April 25, 2012 Notes: 1. Registration procedures for attending the AGM (1) Holders of H shares of the Company ("H Shares") and domestic shares of the Company ("Domestic Shares") intending to attend the AGM should return the reply slip for attending the AGM to the Company by post or by facsimile (address and facsimile numbers are shown in paragraph 6(2) below) such that the same shall be received by the Company on or before May 21, 2012. (2) A shareholder or his/her/its proxy should produce proof of identity when attending the AGM. If a corporate shareholder appoints its legal representative to attend the meeting, such legal representative shall produce proof of identity and a copy of the resolution of the board of directors or other governing body of such shareholder appointing such legal representative to attend the meeting. 2. Proxy (1) A shareholder eligible to attend and vote at the AGM is entitled to appoint, in written form, one or more proxies to attend and vote at the AGM on behalf of him/her/it. A proxy needs not be a shareholder of the Company. (2) A proxy shall be appointed by a written instrument signed by the appointor or an attorney authorised by him/her/it for such purpose. If the appointor is a corporation, the same shall be affixed with the seal of such corporation, or signed by its director(s) or duly authorized representative(s). If the instrument appointing a proxy is signed by a person authorized by the appointor, the power of attorney or other authorization document(s) shall be notarized. (3) To be valid, the power of attorney or other authorization document(s) (which have been notarized) together with the completed form of proxy must be delivered, in the case of holders of Domestic Shares, to the Company at the address shown in paragraph 6(2) below and, in the case of holders of H Shares, to Hong Kong Registrars Limited at 17M Floor, Hopewell Center, 183 Queen's Road East, Hong Kong, at least 24 hours before the time designated for holding of the AGM. (4) Any vote of the shareholders of the Company present in person or by proxy at the AGM must be taken by poll. 3. Book closing period For the purpose of the AGM and to determine the shareholders who qualify for the proposed final dividend, the register of members holding H shares of the Company will be closed from May 12, 2012 to June 10, 2012 (both days inclusive), and from June 15, 2012 to June 19, 2012 (both days inclusive). 4. Last day of transfer and record date Holders of H Shares who intend to attend the AGM and qualify for the proposed final dividend must deliver all transfer instruments and the relevant shares certificates to Hong Kong Registrars Limited at Rooms 1712-1716, 17/F, Hopewell Center, 183 Queen's Road East, Hong Kong, at or before 4:30 p.m. on Friday, May 11, 2012, and on Thursday, June 14, 2012, respectively. For the purpose of the AGM and qualify for the proposed final dividend, the record date is May 17, 2012, and June 19, 2012, respectively. 5. Dividend Payable date Upon relevant approval by shareholders at the AGM, the final dividend is expected to be paid out on July 12, 2012. 6. Miscellaneous (1) The AGM will not last for more than one day. Shareholders who attend shall bear their own traveling and accommodation expenses. (2) The registered address of the Company is: 12/F, Block A, Dragon Century Plaza 1 Hangda Road Hangzhou, Zhejiang 310007 People's Republic of China Telephone No.: (+86)-571-8798 7700 Facsimile No.: (+86)-571-8795 0329 As at the date of this notice, the executive directors of the Company are: Messrs. CHEN Jisong, ZHAN Xiaozhang, JIANG Wenyao, ZHANG Jingzhong and DING Huikang; the non-executive director is: Mrs. ZHANG Luyun; and the independent non-executive directors are: Messrs. TUNG Chee Chen, ZHANG Junsheng and ZHANG Liping.
UK 100

Latest directors dealings