Jul, 14 2017 19:54 JST

Source: China Household Holdings Limited

China Household Appoints Three New Board Members

Strengthening Board Composition & Stimulating Development of the Group

HONG KONG, Jul, 14 2017 - (ACN Newswire) - The Board of Directors of China Household Holdings Limited ("China Household" or the "Group"; stock code: 692) is pleased to announce that Mr. Luo Jianhua ("Mr. Luo") is appointed as an executive director and the Chairman of the Board, Mr. Wong Hung Chiu ("Mr. Wong") is appointed as an executive director and the Chief Executive Officer, and Mr. Zheng Jianhua ("Mr. Zheng") is appointed as an executive director of the Group, all of the above are effective from 14 July 2017. The Board warmly welcomes our three new members. We believe these new appointments will strengthen the composition of the Board, thus further enhance the Group's management systems and its operations will move forward to scientification, standardization and legalization, which is beneficial to the development of the Group.

Mr. Luo Jianhua, Executive Director & Chairman of China Household said, "I would like to thank the Board for their trust. It is my honour to join with Mr. Wong and Mr. Zheng to serve the Board of Directors of China Household. Their extensive operational experience and industry know-how would consolidate the Group's foundation and improve the business performance. To pave the way to further growth of the Group, we will cooperate with other experienced members of the management within the Board to allocate and make the best use of resources, so as to optimize China Household's overall operations."

Mr. Luo is currently the chairman and president of Lanju Group, the largest and leading household hygiene enterprise in the PRC. Lanju Group has already secured a prominent leading position in the industry in terms of production volume, sales volume and market share for more than a decade that enabling "Lanju" to become a well-known Chinese brand. Lanju Group has gradually expanding and tapping into various sectors in recent years and has achieved substantial cross-industry and cross-region development and considerable economic benefits in real estate development, and commercial complex development, construction and operation. Mr. Luo has obtained the Special Contribution Award for Guangdong Province Corporate Innovative Record, Outstanding Leader Award for National Light Industry Informatization and honorary titles such as Outstanding Private Entrepreneur in Chinese Petroleum and Chemical Engineering Industry in the "Eleventh Five-Year Plan". Mr. Luo is currently the vice president of China Grocery Products for Daily Use Marketing Society (CGPDUMS), the executive director of China Association of Pesticide Development and Application, the director of the seventh session of China Cleaning Industry Association, the vice chairman of Zhongshan Xiaolan Uinion of Industry and Commerce, the executive vice chairman of Zhongshan Xiaolan Chamber of Commerce, the executive vice chairman of Zhongshan Fusha Chamber of Commerce, the chairman of the board of supervisors of "Chuang Yi Ju Cheng", and the executive vice chairman of the board of directors of Zhongshan Polytechnic Xiaolan Campus.

Mr. Wong was graduated from South China Normal University, has been working for the government authority for a decade and served as the officer of town government authority. For many years, he has been in charge of and has led numerous large-scale projects, including cooperating with Keppel Land China, an international Singaporean group, served as an executive director of Sunsea Yacht Club (Zhongshan) Company Limited and built a yacht club, which is designed for free yacht travel scheme to Macao and the first open-to-public category-one port in China. He also invested in Matakana Town in New Zealand to engage in growing grapes and brewing and selling renowned wine brand Matakana. The company products has garnered various awards and are highly appreciated in the industry.

Mr. Zheng holds a postgraduate degree in law from Hunan University, has worked for the government and judiciary system for a long time and successively served as the person in charge of district court and government department. He held a temporary post as the person in charge of town government in 1989 and has served as a judge for over 20 years. He successively served as a bailiff team head, a presiding judge and an executive bureau chief, and was honored as National Senior Judge and Police Supervisor, Class I by the Supreme People's Court of the People's Republic of China. Mr. Zheng has served as the person in charge of a government department and a senior judge for a long time and possessed abundant knowledge in law and extensive experience in practical legal affairs and administrative management.

Mr. Wong Hung Chiu, Executive Director and Chief Executive Officer of China Household said, "As a native Zhongshan citizen, I am honored to join the Board of China Household. As the government pushes forward the development of Guangdong-Hong Kong-Macao Big Bay Area ("GHMBBA"), a new route in Shenwan has commenced for the free yachts travel scheme between Guangdong and Macao. With the opening to traffic of the Hong Kong-Zhuhai-Macao Bridge, along with the construction of the Shenzhen-Zhongshan Bridge, the West Bank of Pearl River is becoming the industrial base with unique qualities in the hinterland of GHMBBA. Going forward, we will work together to grasp the opportunities of China's cultural industry development, and actively expand our business scope and strengthen the core competence of the Group, so as to create greater values for our shareholders."

About China Household Holdings Limited (Stock Code: 692)
Listed on the Main Board of the Stock Exchange of Hong Kong in 2000, China Household Holdings Limited is a leading household solutions supplier in China. With the innovative OAO2C (Online And Offline To Customer) business model, the Group is principally engaged in the sale of wooden products and furniture, as well as exploration, development and exploitation of iron and titanium, and securities investment in China. In 2016, the Group is pleased to announce that it has entered into a cooperation agreement with Zhongheng Investment Limited (China Shenzhou Aerospace Park) in relation to the acquisition of the sale shares of Shenzhou Aerospace Town Holdings Company Limited, so as to develop the China Shenzhou Aerospace-Themed Park Tourism Township Project and to construct the first aerospace themed-park in China, further expanded its business scope to the cultural industry. For more information, please visit www.chh.hk.

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About China Household Holdings Limited
Founded in 1975, China Household Holdings Limited (previously "Bao Yuan Holdings Limited") was successfully listed on the Main Board of the Hong Kong Stock Exchange in January 2000. In January 2013, after completing the acquisition of the China Household Holdings Limited and its principal operating company - "Prado Style", the Group successfully marked the completion of major strategic transformation to the home business to provide general one-stop household solution. Currently, the Group engages the sales of products under the brand of "Prado Style Household" and operates an integrated e-commerce platform, China Household Commercial Plaza (http://mall.chh692.com) to provide all-rounded and one-stop solution of home decoration.

Source: China Household Holdings Limited
Sectors: Daily Finance, Daily News

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