The Exchange enlarges the GEM Listing Committee

Regulatory

01 Sep 1999

The Stock Exchange of Hong Kong amended the GEM Listing Rules and appointed additional members to the Growth Enterprise Market (GEM) Listing Committee at a meeting of the Exchange Council today (Wednesday).

Following amendments to Chapters 3 and 4 of the GEM Listing Rules, the number of the GEM Listing Committee member was increased from 13 to 21, with no alternate members. The new composition of the GEM Listing Committee follows:

(i)	four stockbroker or Council members;
(ii)	four listed company members;
(iii)	12 market practitioner and user members; and
(iv)	the Chief Executive of the Exchange, ex officio.

The GEM Listing Committee was enlarged to cater to practical needs. It allows more members to process listing matters, including listing applications and admission of sponsors.

The rule changes come into immediate effect. The newly appointed members of the GEM Listing Committee are:

Stockbroker or Council Member
Mr.Trini Tsang* Dealing Director Grand Onward Securities Ltd.
Listed Company Representatives
Mr. To Cheuck Wah Managing Director VTech Communications Ltd.	Mr. Billy Yung Group Managing Director Shell Electric Mfg. (Holdings) Co. Ltd.
Market Practitioner and User Members
Dr. James Liu Chief Executive Officer Hong Kong Industrial Technology Centre Corporation	Mr. Allan Lam Director Templeton Asset Management Ltd.
Mr. Gary Chan Managing Director BOCI Asia Ltd.	Mr. Kirk Sweeney Managing Director Lehman Brothers Asia Ltd.
Mr. Tim Dattels Managing Director Goldman Sachs (Asia) L.L.C.

Former alternate members of the GEM Listing Committee were re-designated as members. GEM Listing Committee Members appointed in early August are:

Stockbroker or Council Members
Dr. K. S. Lo* Deputy Chairman and Managing Director Great Eagle Holdings Ltd.	Mr. Peter Wong* Group Managing Director Tai Fook Securities Co. Ltd.
Mr. Clifton Chiu Managing Director Harvester (Securities) Co. Ltd.
Listed Company Representatives
Mr. Paul Kan Chairman and CEO Champion Technology Holdings Ltd	Mr. Peter Tsang Managing Director New World Telephone Holdings Ltd.
Market Practitioner and User Members
Mr. Cliff Cheung Chief Investment Officer Prudential Asset Management Asia Ltd.	Mr. K.M.Wong Partner PricewaterhouseCoopers
Mrs. Angelina Lee Partner Woo, Kwan, Lee & Lo	Dr. William Lo Chief Executive Officer – Hong Kong Global Consumer Banking, Citibank N.A.
Mr. Raymond Woo Partner Ernst & Young	Mr. William Mackesy Partner Deacons Graham & James
Mr. Frederick Ma Managing Director, Asia Area Executive, Global Private Bank, The Chase Manhattan Bank Non-executive Director, Hanny Holdings Ltd.
Ex officio
Mr. Alec Tsui* Chief Executive The Stock Exchange of Hong Kong Ltd.

* Council member

Corporate Communications Department

Updated 01 Sep 1999