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CESC Announces Board Change

Date 02/04/2014

China Exchanges Services Company Limited (CESC), a joint venture (JV) of Hong Kong Exchanges and Clearing Limited (HKEx), Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) for the development of financial products and related services, is pleased to announce Shi Xiaocheng has joined its Board with effect from today (2 April 2014).

Mr Shi, former Director of Global Business Development of SSE, has replaced Jiang Jianren as Co-Chairman following Mr Jiang’s departure from the Board on 27 March 2014.

CESC wishes to express its sincere gratitude to Mr Jiang for his contributions and welcomes Mr Shi.

CESC’s Board is comprised of three directors nominated by each of the JV partners.  The JV’s other Co-Chairman is SZSE’s Fu Decai.  Other members of the Board include SSE’s Xie Liansheng and Zhang Bin, SZSE’s He Jibao and Wu Ying and HKEx’s Bryan Chan, Mao Zhirong and Calvin Tai.

The current Directors of CESC are listed in the table below.

CESC Directors (effective 2 April 2014)

Name Title Appointed by
Fu Decai Co-Chairman SZSE
Shi Xiaocheng Co-Chairman SSE
Bryan Chan Director & Chief Executive HKEx
Wu Ying Director, Deputy Chief Executive & CFO SZSE
Xie Liansheng Director & Deputy Chief Executive SSE
He Jibao Director SZSE
Mao Zhirong Director HKEx
Calvin Tai Director HKEx
Zhang Bin Director SSE