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Fong's Industries Co Ltd Announces Management Change


Monday, 31 Dec 2012 06:00am EST 

Fong's Industries Co Ltd announced that Mr. Wan Wai Yung (Mr. Wan) will resign as Chief Executive Officer (CEO), a member of each of the Remuneration Committee and Nomination Committee of the Company due to his reassignment to a new role within the Group with effect from January 1, 2013, but he remains an Executive Director of the Company. Mr. Wan’s major responsibilities will include the management of the daily operations of the newly acquired Monforts branded dyeing and finishing machinery business. The Board is confident that Mr. Wan’s unique insight and knowledge of the business of the Monforts Group that have been built up over many years will help him in the consolidation of the Monforts branded dyeing and finishing machinery business within the Group in a timely and effective manner. Mr. Ji Xin (Mr. Ji), currently the Chief Operation Officer (COO) and an Executive Director of the Company, will be appointed as the CEO, a member of each of the Remuneration Committee and Nomination Committee of the Company with effect from January 1, 2013. The position of COO will be eliminated on the same day. 

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22 Sep 2014