Imagi: Resignation of Director and Appointment of Chief Executive Officer
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited
take no responsibility for the contents of this announcement, make no representation as to
its accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
(Incorporated in Bermuda with limited liability)
(Stock Code: 00585)
RESIGNATION OF DIRECTOR
AND
APPOINTMENT OF CHIEF EXECUTIVE OFFICER
The Board announces the following changes to the composition of the Board:
1. Ms. Ting Chuk Kwan has resigned as an Executive Director and the Acting CEO
with effect from 1 November 2009; and
2. Mr. Phoon Chiong Kit, an Executive Director, has assumed the role of CEO with
effect from 1 November 2009.
Ms. Ting Chuk Kwan
The Board announces that Ms. Ting Chuk Kwan (“Ms. Ting”) has resigned as Executive
Director and Acting Chief Executive Officer (“Acting CEO”) of the Company with effect
from 1 November 2009. The Company and Ms. Ting mutually agreed to the termination of her
service contract with immediate effect.
Ms. Ting was appointed Acting CEO on 23 September 2009. Ms. Ting confirms that her
resignation as Executive Director and Acting CEO is based on her advice to the Board of the
need to consolidate leadership and provide the Company with strategic direction through the
appointment of a permanent CEO, and she has therefore offered her resignation and ceased
to be a Director. Ms. Ting further confirms that there is no matter relating to her resignation
which falls outside the scope of the foregoing and needs to be brought to the attention of the
Shareholders and the Stock Exchange.
The Board believes that Ms. Ting's resignation has no material adverse effect on the
operations of the Group and would like to commend her for assisting the Company at virtually
no notice in her temporary, though important role to strengthen the Board and management at
a critical period.
Mr. Phoon Chiong Kit
The Board is pleased to announce that Mr. Phoon Chiong Kit (“Mr. Phoon”), an Executive
Director and Deputy Chairman of the Company, has also assumed the role of Chief Executive
Officer (“CEO”) of the Company from Ms. Ting with effect from 1 November 2009.
Reference is made to the announcements of the Company dated 24 February 2009 and 15 May
2009 in respect of, among other things, Mr. Phoon's appointment to the Board on 16 February
2009, and his appointment as Deputy Chairman of the Company and re-designation as an
Executive Director with effect from 21 April 2009, respectively.
Save as disclosed in the announcement and circular previously released by the Company,
Mr. Phoon is not aware of any material change of his biographical details which is required
to be disclosed pursuant to Rule 13.51(2) of the Listing Rules, and there are no other matters
relating to the appointment of Mr. Phoon that need to be brought to the attention of the
Shareholders.
The Board believes that Mr. Phoon's significant experience in the film industry and intimate
knowledge of the Company will enable him to offer leadership and strategic direction to the
Company in his additional role of CEO, consolidating the Company's operations in Hong
Kong and Los Angles, and developing its new business in China where the Company's
expertise will set a leadership role in this exciting, fast expanding market.
Save as disclosed above, there is no further change to the composition of the Board.
By order of the Board
Imagi International Holdings Limited
Richard Arthur Witts
Chairman
Hong Kong, 2 November 2009
As at the date of this announcement, the board of directors of the Company comprises:
Executive Director:
Mr. Phoon Chiong Kit.
Non-executive Directors:
Mr. Paul Steven Serfaty and Mr. William Montgomerie Courtauld.
Independent Non-executive Directors:
Mr. Richard Arthur Witts, Mr. Ng See Yuen and Mr. Oh Kok Chi.
The Directors jointly and severally accept full responsibility for the accuracy of the
information contained in this announcement and confirm, having made all reasonable
enquiries, that to the best of their knowledge, opinions expressed in this announcement have
been arrived at after due and careful consideration and there are no other facts not contained
in this announcement the omission of which would make any statement in this announcement
misleading.
take no responsibility for the contents of this announcement, make no representation as to
its accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
(Incorporated in Bermuda with limited liability)
(Stock Code: 00585)
RESIGNATION OF DIRECTOR
AND
APPOINTMENT OF CHIEF EXECUTIVE OFFICER
The Board announces the following changes to the composition of the Board:
1. Ms. Ting Chuk Kwan has resigned as an Executive Director and the Acting CEO
with effect from 1 November 2009; and
2. Mr. Phoon Chiong Kit, an Executive Director, has assumed the role of CEO with
effect from 1 November 2009.
Ms. Ting Chuk Kwan
The Board announces that Ms. Ting Chuk Kwan (“Ms. Ting”) has resigned as Executive
Director and Acting Chief Executive Officer (“Acting CEO”) of the Company with effect
from 1 November 2009. The Company and Ms. Ting mutually agreed to the termination of her
service contract with immediate effect.
Ms. Ting was appointed Acting CEO on 23 September 2009. Ms. Ting confirms that her
resignation as Executive Director and Acting CEO is based on her advice to the Board of the
need to consolidate leadership and provide the Company with strategic direction through the
appointment of a permanent CEO, and she has therefore offered her resignation and ceased
to be a Director. Ms. Ting further confirms that there is no matter relating to her resignation
which falls outside the scope of the foregoing and needs to be brought to the attention of the
Shareholders and the Stock Exchange.
The Board believes that Ms. Ting's resignation has no material adverse effect on the
operations of the Group and would like to commend her for assisting the Company at virtually
no notice in her temporary, though important role to strengthen the Board and management at
a critical period.
Mr. Phoon Chiong Kit
The Board is pleased to announce that Mr. Phoon Chiong Kit (“Mr. Phoon”), an Executive
Director and Deputy Chairman of the Company, has also assumed the role of Chief Executive
Officer (“CEO”) of the Company from Ms. Ting with effect from 1 November 2009.
Reference is made to the announcements of the Company dated 24 February 2009 and 15 May
2009 in respect of, among other things, Mr. Phoon's appointment to the Board on 16 February
2009, and his appointment as Deputy Chairman of the Company and re-designation as an
Executive Director with effect from 21 April 2009, respectively.
Save as disclosed in the announcement and circular previously released by the Company,
Mr. Phoon is not aware of any material change of his biographical details which is required
to be disclosed pursuant to Rule 13.51(2) of the Listing Rules, and there are no other matters
relating to the appointment of Mr. Phoon that need to be brought to the attention of the
Shareholders.
The Board believes that Mr. Phoon's significant experience in the film industry and intimate
knowledge of the Company will enable him to offer leadership and strategic direction to the
Company in his additional role of CEO, consolidating the Company's operations in Hong
Kong and Los Angles, and developing its new business in China where the Company's
expertise will set a leadership role in this exciting, fast expanding market.
Save as disclosed above, there is no further change to the composition of the Board.
By order of the Board
Imagi International Holdings Limited
Richard Arthur Witts
Chairman
Hong Kong, 2 November 2009
As at the date of this announcement, the board of directors of the Company comprises:
Executive Director:
Mr. Phoon Chiong Kit.
Non-executive Directors:
Mr. Paul Steven Serfaty and Mr. William Montgomerie Courtauld.
Independent Non-executive Directors:
Mr. Richard Arthur Witts, Mr. Ng See Yuen and Mr. Oh Kok Chi.
The Directors jointly and severally accept full responsibility for the accuracy of the
information contained in this announcement and confirm, having made all reasonable
enquiries, that to the best of their knowledge, opinions expressed in this announcement have
been arrived at after due and careful consideration and there are no other facts not contained
in this announcement the omission of which would make any statement in this announcement
misleading.
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