APPOINTMENT OF DIRECTOR
i-CABLE Communications Limited (the "Company"; together with its subsidiaries, the "Group") announces that Mr. HO, Ting Kwan ("Mr. Ho") has been appointed a Director of the Company, effective from 16 March 2009. Mr. Ho will be an Independent Non-executive Director ("INED") of the Company upon his appointment.
Mr. Ho, aged 64, has over 40 years of comprehensive experience in the television broadcasting industry. He joined Television Broadcasts Limited ("TVB"), publicly listed in Hong Kong, in 1968. He was appointed General Manager-Television Broadcasting of TVB in November 1995, became Group General Manager in 2002, and was appointed a director of TVB in June 2003. In April 2005, he resigned from TVB but remained as a director until April 2007. In mid-2007, Mr. Ho joined Asia Television Limited and became Chief Operating Officer until his retirement at the end of 2008.
Mr. Ho does not have any relationship with any Directors, the senior management or any substantial or controlling shareholders of the Company. Save as disclosed above, he does not at present, nor did he in the past three years, hold any directorship in any listed public company. Mr. Ho does not have any interest (within the meaning of Part XV of the Securities and Futures Ordinance) in any securities of the Company. He will receive from the Company a director's fee which is currently payable to each Director of the Company at the rate of HK$60,000 per annum. This rate of director's fee is in line with that payable to other Directors, including INEDs, of the Company. There exists no service contract between Mr. Ho and the Group and therefore no emolument will be payable to Mr. Ho by the Group apart from the abovementioned director's fee. In relation to the appointment of Mr. Ho as a Director of the Company, there is no information which is discloseable nor is/was he involved in any of the matters required to be disclosed pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the shareholders of the Company. In accordance with the provisions of the Company's articles of association, Mr. Ho will hold office until he retires from the Board at the Annual General Meeting of the Company to be held in June 2009.
After the abovementioned appointment, the board of Directors of the Company comprises Mr. Stephen T. H. Ng, Mr. William J. H. Kwan and Mr. Peter S. O. Mak, together with four independent non-executive Directors, namely, Mr. T. K. Ho, Dr. Dennis T. L. Sun, Mr. Patrick Y. W. Wu and Mr. Anthony K. K. Yeung.
For i-CABLE COMMUNICATIONS LIMITED