XN000022-1975-10-02 — Page 2

THURSDAY, OCTOBER 2, 1975

SECURITIES COMMISSION APPOINTMENT

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A PROMINENT HONG KONG INDUSTRIALIST, MR. CHOW CHUNG-KAI, HAS BEEN APPOINTED BY THE GOVERNOR AS A MEMBER OF THE SECURITIES COMMISSION.

HE SUCCEEDS MR. Y.K. PAO WHO HAS RESIGNED FROM THE SECURITIES COMMISSION BECAUSE OF PRESSURE OF OTHER COMMITMENTS. THE APPOINTMENT OF MR. CHOW IS FROM OCTOBER 1 UNTIL NEXT FEBRUARY WHEN THE APPOINTMENTS OF OTHER MEMBERS OF THE COMMISSION EXPIRE.

MR. CHOW IS MANAGING DIRECTOR OF WINNER COMPANY (HONG KONG) LTD. AND DEPUTY MANAGING DIRECTOR OF WINSOR INDUSTRIAL CORPORATION LTD. HE IS CURRENTLY VICE PRESIDENT OF THE CHINESE MANUFACTURERS ASSOCIATION AND IS PERMANENT HONORARY CHAIRMAN OF THE FEDERATION OF HONG KONG COTTON WEAVERS. HE ALSO SERVED ON THE TEXTILES ADVISORY BOARD FROM 1961 UNTIL EARLIER THIS YEAR.

THE SECURITIES COMMISSION COMPRISES FIVE UNOFFICIAL MEMBERS AND TWO GOVERNMENT MEMBERS - THE COMMISSIONER FOR SECURITIES AND THE REGISTRAR GENERAL.

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