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China Agroforestry Low-Carbon Holdings Ltd Announces Resignation Of Chief Executive Officer


Monday, 4 Nov 2013 09:53am EST 

China Agroforestry Low-Carbon Holdings Ltd announced that the Board accepted the resignation of Mr. Guo Xinlin (Mr. Guo) as a Chief Executive Officer of the Company on November 4, 2013 with immediate effect. The reason for Mr. Guo’s resignation as explained to the Board by Mr. Guo being that during the course of the performance of his duty he had encountered certain unnecessary intervention (the Alleged Reason). The Board is of the view that Mr. Guo has been sufficiently authorized to perform his duties in the capacity as Chief Executive Officer of the Company and the Company has never intervened in the tasks assigned to him, the Alleged Reason is therefore ungrounded. The Company confirms that there is no disagreement between the other directors and Mr. Guo which led to Mr. Guo’s resignation and there are no matters which need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited in relation to his resignation. In view of the resignation of Mr. Guo, the Board is proactively identifying a suitable candidate to fill the office of the chief executive officer of the Company. 

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