Quam Limited Announces Executive Changes
Feb 24 17
The board of directors of Quam Limited announced that Mr. Zhang Bo, currently a Deputy Chairman, an executive Director and a member of the Executive Committee, has been appointed as the chairman of the Executive Committee and Mr. Han Xiaosheng, currently the Chairman and an executive Director of the company, has ceased to be the chairman of the Executive Committee but remains as a member of the Executive Committee. These changes made with effect from 24 February 2017.
Quam Limited Jointly Announces Board Changes
Feb 2 17
On 26 January 2017, Oceanwide Holdings International Financial Development Co. Ltd. and Quam Limited jointly announced that Mr. Kenneth Young Chun Man and Mr. Robert Stephen Tait, the independent non-executive Directors, will resign from their office with effect from 23 February 2017, being the Closing Date. The Board announced that with effect from 3 February 2017, Mr. Han Xiaosheng, Mr. Zhang Bo, Mr. Liu Hongwei and Mr. Zhang Xifang have been appointed as executive Directors. Mr. Liu Bing, Mr. Feng Henian and Mr. Zhao Xiaoxia have been appointed as non-executive Directors; and Mr. Lo Wa Kei, Roy, Mr. Kong Aiguo, Mr. He Xuehui and Mr. Huang Yajun have been appointed as independent non-executive Directors. Mr. Han Xiaosheng is currently an executive director, the chairman and chief executive officer, the chairman of the nomination committee and a member of the remuneration committee of China Oceanwide Holdings Limited. He is currently also the executive director and executive vice president of China Oceanwide Holdings Group Co. Ltd. and the executive director and chief executive officer of Oceanwide Holdings. Mr. Zhang Bo is currently a director of China Oceanwide Holdings Group Co. Ltd. a director of Oceanwide oldings and a director and the president of China Minsheng Trust Co. Ltd. He served as the deputy general manager of the risk management division, general secretary of the corporate banking marketing committee and general manager of the corporate banking division of CMBC, Taiyuan Branch, a member of the integrated operation of corporate business reform group and head of finance office of the corporate banking division of the head office of CMBC, the deputy chief of the preparatory group of CMBC, Changsha Branch, a member of Party Committee, risk director,the vice president and president of the aircraft leasing unit of Minsheng Financial Leasing Co. Ltd. Mr. Liu Hongwei is currently an executive director of China Oceanwide Holdings Limited, a supervisor of Oceanwide Holdings, a director of Minsheng Holdings Co. Ltd., a director of China Oceanwide International Investment Co. Ltd. and a non-executive director of CuDECO Limited. Mr. Zhang Xifang is currently the vice president of Oceanwide Holdings and a director and the president of Oceanwide Equity Investment Management Co. Ltd. He served as the head of the operation division of the finance and asset management department and the deputy director of the finance and asset management department of State Grid Corporation of China, the deputy general manager of State Grid Asset Management Co., Ltd, the deputy general manager of State Grid Yingda International Holdings Group Co. Ltd., the generalmanager of Yingda Taihe Property Insurance Co. Ltd. and the chairman of Yingda Insurance Asset Management Co. Ltd. Mr. Liu Bing is currently a director, vice president and chief risk control officer of China Oceanwide Holdings Group Co. Ltd. and the vice chairman of the supervisory committee in Oceanwide Holdings and Minsheng Holdings Co. Ltd. Mr. Feng Henian is currently a director and the vice president of China Oceanwide Holdings Group Co. Ltd., the chairman and secretary of Party Committee of Minsheng Securities Co. Ltd. He served as a director and secretary of Party Committee of Shandong Securities Regulatory Bureau of China Securities Regulatory Commission, a deputy director of the Department of Law of China Securities Regulatory Commission, a director of the Department of Unlisted Public Companies and a director of the Department of GEM Public Offering Supervision of China Securities Regulatory Commission. Mr. Zhao Xiaoxia is currently a director and vice president of Oceanwide Holdings. He served as the sub-manager of international business division and the representative of London liaison office of People’s Insurance Company of China, director and the general manager of Huatai Insurance Agency & Consultant Service Ltd., director and the executive vice president of AXA-Minmetals Assurance Co. Ltd., senior vice president of New York Life Insurance (International), president and the chief executive officer of Haier New York Life Insurance Co. Ltd., senior vice president of Asia Capital Holding Group Limited and executive vice president of North Asia Region and the head of China of ACR Reinsurance Group. Mr.LoWaKei Roy is currently the independent non-executive director of several public companies, including China Oceanwide Holdings Limited, Sheen Tai Holdings Group Company Limited, Sun Hing Vision Group Holdings Limited, China Zhongwang Holdings Limited and Xinming China Holdings Limited. He also serves as the managing director of Shinewing (HK) CPA Limited and the founding executive vice-president and council member of the Hong Kong Independent Non-Executive Director Association. He served as an independent non-executive director of North Mining Shares Company Limited. Mr. Kong Aiguo is currently an independent director of Oceanwide Holdings and a professor and Ph.D supervisor in School of Management of Fudan University. Mr. He Xuehui is currently a professor in School of Finance of Shanghai University of International Business and Economics, an executive director of Shanghai Finance Institute and a member of Expert Committee on Working Mechanism of Prudential Qualification Appraisal of Risks Relating to Separate Accounting Business in Shanghai Pilot Free Trade Zone. From December 2012 to September 2016, he was Dean of School of Finance of Shanghai University of International Business and Economics. From May 2009 to August 2012, he was a professor in Shanghai National Accounting Institute. From September 2003 to April 2009, he was Deputy Dean of School of Finance of Hunan University. From May 2001 to January 2002, he served as a senior researcher in Shanghai Jin Xin Financial Engineering Research Institute. Mr. Huang Yajun is currently the head of the world economy department, School of Economics of Fudan University and a director of Security Institute of Fudan University. He is also an independent director of Donghai Securities, an independent director of Shanghai Zi Jiang Enterprise Group Co. Ltd., an independent director of Zhongxin Information Development Inc. Ltd. Shanghai and an independent director of Shanxi Yuci Rural Commercial Bank Co. Ltd. He served as Deputy Dean and Dean of School of Economics of Fudan University from July 1992 to December 2000 and Dean of University of Macau from December 2000 to July 2006.
Quam Limited Reports Un-Audited Consolidated Cash Flow Results for the Six Months Ended September 30, 2016
Dec 14 16
Quam Limited reported un-audited consolidated cash flow results for the six months ended September 30, 2016. For the six months, the company reported net cash used in operating activities was HKD 3,100,000 compared with HKD 180,269,000 a year ago. Purchase of intangible assets was HKD 544,000. Purchase of property, plant and equipment was HKD 4,076,000 compared with HKD 2,910,000 a year ago.