Solomon Systech Appoints New Directors
(Hong Kong – 9 October, 2014) Solomon Systech (International) Limited (HKSE: 02878) (“The Company”/“Solomon Systech”), a leading semiconductor company specializing in the design, development and sales of display IC products and system solutions, is pleased to announce the appointment of the following five new directors:
- Mr. Leung Heung Ying (independent non-executive director)
- Mr. Sheu Wei Fu (independent non-executive director)
- Dr. Li Jun (non-executive director)
- Mr. Li Rongxin (non-executive director)
- Mr. Cheung Wai Kuen, Kenny (executive director)
Mr. Leung Heung Ying has a strong financial background as the managing director and founder of Proton Capital Limited, a Fellow Member of the Institute of Chartered Accountants in England and Wales and the Hong Kong Institute of Certified Public Accountants, and a member of the Listing Committee of the Stock Exchange of Hong Kong Limited. He was also a member of the Corporate Finance Committee, the Expert Panel on Listing and the Advisory Committee on Listing and Takeover Regulation of the Hong Kong Institute of Certified Public Accountants.
Mr. Sheu Wei Fu is the special assistant to Dr. Lam Pak Lee, the chairman and chief executive officer of Quanta Computer Inc. and the former Non-executive Chairman and Non-executive Director of the Company. Mr. Sheu is a veteran in high-tech industry, specializing in strategy, business development and supply chain integration.
The two newly appointed non-executive directors Dr. Li Jun and Mr. Li Rongxin both have a strong background in technology. Dr. Li Jun is the deputy general manager, department of planning, science and technology of China Electronics Corporation (“CEC”) and a non-executive director of TPV Technology Limited (HKSE:00903). He has a strong academic background and in-depth work experience in government industrial planning, enterprise strategy, informatization planning and science & technology management.
Mr. Li Rongxin is the general manager and director of Shanghai Huahong Integrated Circuit Co. Ltd as well as the deputy general manager of Huada Semiconductors Co. Ltd. Mr Li, who worked in Intel (China) Co. Ltd. and Shanghai Belling Co. Ltd., is a veteran in new product development, R&D and product marketing.
Mr. Cheung Wai Kuen, Kenny, the newly appointed executive director, is currently the Vice President, Business Operations of Solomon Systech Limited, the wholly-owned major operating subsidiary of the Company. Before joining Solomon Systech, Mr Cheung was general manager of Wireless Mobile System Group for Motorola Asia Pacific Region of Motorola Semiconductors Hong Kong Limited. He has over 27 years of deep expertise in the electronics industry, spanning product engineering, product applications, as well as business and market development.
While the 5 new directors have been appointed to the board of the directors of the Company, Mr. Lai Weide and Mr. Li Xiaochun have resigned as Non-executive Directors in order to focus on other corporate assignments of CEC, and Mr. Lai Woon Ching has resigned as an Executive Director in order to focus on his senior management role in Solomon Systech Limited.
“I would like to welcome our new directors to the board. The new directors bring a rich mix of exceptional skills, global perspectives and expertise which will be invaluable to our continued growth and development.” said Patrick Sun, Chairman, Solomon Systech (International) Limited, “I would also like to take this opportunity to thank Mr. Lai Weide, Mr. Li Xiaochun and Mr. Lai Woon Ching for their dedicated service and contributions during their tenure of service.”
“The management team has benefited from the guidance of the resigned directors. We look forward to the leadership of the new directors, with their deep industry and financial experience,” said Dr. Humphrey Leung, J.P., Managing Director, Solomon Systech (International) Limited.