La compañía Chinalco comunica que el Dr. Zhang Chengzhong ha presentado su dimisión como Jefe Delegado y ha sido re- designado como director no ejecutivo con efectos desde el 12 de octubre de 2015. El Dr. Zhang Chengzhong también ha dimitido como presidente y un miembro del Comité de Gestión de Riesgos de Futuros , efectiva después de su dimisión como el CEO.
El Dr. Zhang Chengzhong seguirá siendo el Presidente y un Representante Autorizado de la compañía. Sr. Luan Shuwei , un director no ejecutivo , ha sido re- designado como ejecutivo Directora . También ha sido nombrado como el Director Ejecutivo, un miembro y la presidente del Comité de Gestión de Riesgos de futuros a partir del 12 de octubre 2,015 .
CHANGE OF CHIEF EXECUTIVE OFFICER
The board (“Board”) of directors (“Directors”) of Chinalco Mining Corporation International (the “Company”) announces that, due to changes in personnel allocation within the Aluminum Corporation of China group, Dr. Zhang Chengzhong (“Dr. Zhang”) has resigned as the Chief Executive Officer of the Company (the “Chief Executive Officer”) and has been re-designated as an non-executive Director with effect from 12 October 2015. Dr. Zhang has also resigned as the chairman and a member of the Futures Risk Management Committee of the Board (“Futures Risk Management Committee”), effective upon his resignation as the Chief Executive Officer.
Dr. Zhang will remain as the Chairman of the Company (the “Chairman”) and an Authorised Representative (“Authorised Representative”) of the Company for the purpose of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”). Save as disclosed above, his membership in various committees of the Board will remain unchanged.
Dr. Zhang has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as the Chief Executive Officer and the chairman/member of the Futures Risk Management Committee that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board wishes to express its appreciation for Dr. Zhang’s contribution and leadership during his term of office as the Chief Executive Officer and the chairman of the Futures Risk Management Committee.
The Board is pleased to announce that Mr. Luan Shuwei (“Mr. Luan”), a non-executive Director, has been re-designated as an executive Director with effect from 12 October 2015. The Board is also pleased to announce that Mr. Luan has been appointed as the Chief Executive Officer, a member and the chairman of the Futures Risk Management Committee with effect from 12 October 2015.
The biography of Mr. Luan is set out below:
Mr. Luan Shuwei, aged 54, is an executive Director and the Chief Executive Officer of the Company. He is currently a director and deputy chief executive officer of China Copper Co., Ltd. He is also a professor-grade senior engineer. He served as the vice president and president of Shenyang Institute of Aluminum and Magnesium Design and Research, deputy general manager of China Aluminum International Engineering Corporation Limited and general manager of investment management department of Aluminum Corporation of China Limited, having extensive experience in management of enterprises at basic level and investment management. Mr. Luan graduated from Xi’an Metallurgy and Architecture College in 1983 with a bachelor’s degree in engineering, majoring in industrial and civil construction. Save as disclosed herein, Mr. Luan does not hold any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years or any other position with the Company or any of its subsidiaries, and he did not have other major appointments and professional qualifications. Mr. Luan has not entered into any service contract with the Company which is not terminable by the Company within one year without payment of compensation (other than statutory compensation). Mr. Luan will retire and offer himself for re-election at the next annual general meeting of the Company in accordance with the articles of association of the Company. The remuneration of Mr. Luan will be determined by the Board with reference to his duties and responsibilities in the Company, and the Company will provide updates in relation thereto in due course. As at the date of this announcement, Mr. Luan does not have any interests that are required to be disclosed under Part XV of the Securities and Futures Ordinance (the 3 “SFO”). Save as disclosed herein, Mr. Luan does not have any relationship with any Directors, senior management or substantial or controlling shareholders of the Company. Save as disclosed herein, there is no other matter relating to Mr. Luan’s re-designation as an executive Director and his appointment as the Chief Executive Officer that needs to be brought to the attention of the shareholders and there is no other information in relation to the appointment of Mr. Luan which is required to be disclosed pursuant to any of the requirements of Rule 13.51(2)(h) to Rule 13.51(2)(v) of the Listing Rules.
COMPLIANCE UNDER THE CORPORATE GOVERNANCE CODE
Code Provision A.2.1 of the Corporate Governance Code (the “Code”) as set out in Appendix 14 to the Listing Rules stipulates that the roles of chairman and chief executive officer should be separate and should not be performed by the same individual. Accordingly, the appointment of Mr. Luan as the Chief Executive Officer and the continuing tenure of Dr. Zhang as the Chairman will comply with the Code. The Board considers that the appointment of Mr. Luan as Chief Executive Officer will demonstrate a clear division of the responsibilities between the Chairman and the Chief Executive Officer. GENERAL This announcement is made pursuant to the inside information provisions under Part XIVA of the SFO and Rules 13.09 and 13.51(2) of the Listing Rules.
By order of the Board Chinalco Mining Corporation International
Zhang Chengzhong Chairman