10:37 GEELY AUTO<00175>-Announcement & Resumption of Trading (6) Mr. Xu Gang, aged 44, is the head of Shanghai Maple JV's management committee. Mr. Xu graduated from Taizhou College and is studying EMBA degree in the Guanghua Management School of Beijing University. Mr. Xu is a professional expert in business management and has 23 years of experience in the management and leadership of various government departments. Mr. Xu was accredited as "The Best CEO/President of Private Automobile Enterprises in 2003" by a pertinent organization in China. Mr. Xu is now in charge of the overall administration of the Shanghai Maple JV. Mr. Yang Jian, aged 43, is the First Vice President of Zhejiang Geely Holding Limited and Head of Zhejiang Geely Automobile Research Institute Ltd., which is 90% owned by Shanghai Maple JV. Mr. Yang graduated from Zhejiang Radio and Television University with focus on production management. Since joining Zhejiang Geely Holding Limited in 1995, Mr. Yang was involved in a number of different job functions within the group including production management, quality control, general administration, research and development and project management. Mr. Yang is now in charge of general administration of Zhejiang Geely Holding Limited and Zhejiang Geely Automobile Research Institute Ltd.. Mr. Shim Bong Sup, aged 60, is the Vice President and Technical Consultant of Zhejiang Geely Holding Limited. Mr. Shim holds a Bachelor degree in metallurgical engineering and has extensive experience in the Korean automotive industry for more than 36 years experience, especially in new car development, automotive technology and quality assurance. Mr. Shim was the vice president of Daewoo Motor and the chairman of Korean Automobile Engineering Association. Mr. Yin Da Qing, Richard, aged 55, is the Vice President and Chief Financial Officer of Zhejiang Geely Holding Limited. Mr. Yin holds a Bachelor degree in English from Wuhan University and Advanced Certificate in Administration of Economy from the Postgraduate Institute of China Academy of Social Science. Mr. Yin has 34 years of experience in Accounting and Finance and held key executive positions in various Chinese and multinational companies in China including Dupont Textile, Dupont Agricultural Chemicals, Brilliance Holding and Shenyang Jinbei Passenger Vehicle Manufacturing Co. Ltd. Mr. Liu Jin Liang, aged 39, is the Vice President of Zhejiang Geely Holding Limited and General Manager of Zhejiang Geely Automobile Sales Co. Ltd., which is 90%-owned by Zhejiang Geely JV. Mr. Liu graduated from the Capital University of Economics and Business, focusing on industrial management. Prior to joining Zhejiang Geely Holding Limited in 1995, Mr. Liu held a number of management positions in several major hotels in China. Mr. Liu has about 10 years experience in the marketing and sales of motor vehicles in China. Mr. Liu is now in charge of all the sales functions of Zhejiang Geely JV in China. Mr. Gui Sheng Yue, aged 42. Mr. Gui has over 20 years of experience in administration and project management. Mr. Gui had also worked with China Resources (Holdings) Company Limited. Mr. Gui holds a Bachelor of Science degree in mechanical engineering from Xian Jiaotong University and a Master degree in business administration from University of San Francisco. The Offeror notified to the Company that other than the proposed changes to the board of Directors referred to above, it does not intend that there will be any material changes to the existing management and employees of the Group following the closing of the Offer. Given this and that the fact that all of the proposed executive Directors as abovementioned are currently involved in the operations and management of the two associated companies of the Company namely, Zhejiang Geely JV and/or Shanghai Maple JV, the Directors consider that the resignation of the six existing executive Directors upon Completion will not have material adverse impact on the operations of the Group. Compulsory acquisition The Offeror does not intend to apply any right which may be made available to it to acquire compulsorily any Shares outstanding after the closing of the Offer. Maintaining of listing status of the Company The Offeror notified the Company that it is its intention to maintain the listing of the Shares on the Stock Exchange after the closing of the Offer. The Directors have undertaken and the Offeror and the new Directors nominated by the Offeror and to be appointed to the Board will undertake that following the closing of the Offer, appropriate steps will be taken as soon as possible to ensure that not less than 25% of the Shares will be held by the public. The Stock Exchange stated that if, at the closing of the Offer, less