THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
Appointment of Listing Committee Members
The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), announces the appointment of members to the Listing Committees of the Main Board and the Growth Enterprise Market (GEM).
The Listing Rules of the Main Board and the GEM provide for the annual appointment and retirement of all Listing Committee members. In accordance with those rules the terms of office of all existing Listing Committee members require renewal with effect from today. Consequently it is necessary to make appointments to the Committees and those appointments take effect from today.
The Listing Rules provide that the Main Board Listing Committee shall have 25 members and the GEM Committee shall have 21 members. The Chief Executive of HKEx is an ex officio member of the two Committees. The Listing Rules also require members to be drawn from Exchange Participants, listed companies and market practitioners and users.
In making today's appointments to the Committees, the Exchange has sought to reappoint a number of existing members, to provide an element of continuity for the Committees, and to appoint new members, who will provide a fresh perspective on listing matters. Within the context of the requirements of the Listing Rules, the Exchange has sought to broaden the representation of investors on the Committees.
As far as possible, the same individuals have been appointed to both Committees, thereby creating a considerable overlap in the membership of the Committees. This common membership will provide greater operational flexibility, helping to enhance the efficiency and effectiveness of the listing process, and ensuring consistency in listing policy, rules enforcement and approval.
The Exchange wishes to express its thanks to those who have served on the Committees and are stepping down, many of whom had served for over five years, and looks forward to working with the new members.
Details of the members appointed to the Committees are set out in the attached schedule.
Main Board