At the same meeting, the Board of Directors ("the Board") announced that Mr. Freddy W.M. Kwan has been appointed the Managing Director of the Company with effect from 8th November 2000 in view of the retirement of Mr. John L. Dunwell from the Company. Mr. Kwan has been a director of the Company since 8th April 1997, and is also a director of various subsidiaries of the Company.
The Board is pleased to advise that Mr. Dunwell has accepted the request to continue as a Consultant until the end of March 2001, allowing him to assist Mr. Kwan and his team in the transition and to work on special development projects for the Company.
The Board also announced that Mr. Thomas R. Mainwaring has been appointed a director of the Company with effect from 8th November 2000. Mr. Mainwaring joined the Company on 1st January 1995. He is the Chief Financial Officer and Company Secretary, and is also a director of various subsidiaries of the Company.
The Board would like to take this opportunity to thank Mr. Dunwell for his major contributions to the success of the Company over the past three years and is confident that the new management team will further build upon that success.
