Tungtex appoints Leslie Chang Shuk Chien as independent non-executive director

He will take over 7 November.

According to an HKEx release, the board of directors of Tungtex Company Limited hereby announces that Mr. Leslie Chang Shuk Chien has been appointed as an independent non-executive director of the Company with effect from November 7, 2012.

Mr. Leslie Chang Shuk Chien (張叔千先生), aged 66, is an associate member of Hong Kong Institute of Certified Public Accountants. He is the Managing Director of Chang Leung Hui & Li C.P.A. Limited since 1997.

He is a Certified Public Accountant practising in Hong Kong since 1982 and has over 35 years of experience in the field of auditing and accounting.

Chang Leung Hui & Li C.P.A. Limited (“Mr. Chang’s Firm”) provides auditing, accounting and taxation services to the public. Mr. Chang’s Firm, through another engagement partner, is currently providing and has been providing auditing, accounting and taxation services to a private company controlled by Mr. Robert Yau Ming Kim, an existing independent non-executive  director of the Company, and personal taxation service to Mr. Yau himself for over 20 years.

Mr. Chang personally was not, and would not be involved in the provision of any services to Mr. Yau and his controlled company. Apart from the above, Mr. Chang or Mr. Chang’s Firm has not provided and does not provide services to any of the Company’s existing directors (including executive directors) and/or substantial shareholders.

Nor has he been involved and is involved in business dealings with the Company, its respective subsidiaries, its executive directors or with any
connected persons of the Company.

The Board further announces that Mr. Chang has been appointed as the Chairman of the Audit Committee of the Company and Mr. Edwin Siu Pui Lap (“Mr. Siu”) has resigned as the Chairman of the Audit Committee both with effect from November 7, 2012. Mr. Siu will remain as a member of the Audit Committee of the Company.

The Board also announces that Mr. Chang has been appointed as a member of the Remuneration Committee and a member of the Nomination Committee of the Company both with effect from November 7, 2012.