XN000022-1995-11-15 — Page 7

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Appointment to Securities and Futures Commission

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The Secretary for Financial Services, Mr Rafael Hui, announced today (Wednesday) that the Financial Secretary, under delegated authority from the Governor, had appointed Mr Henry Fan Hung-ling to be a non-executive director of the Securities and Futures Commission.

Mr Fan replaces Professor Edward Chen, who is retiring after serving four years as a non-executive director of the Commission.

"I would like to thank Professor Chen most sincerely for his valuable contribution to the work of the Securities and Futures Commission over the past four years," Mr Hui said.

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Mr Fan's appointment is for a period of two years starting from November 15,

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Under Section 5 of the Securities and Futures Commission Ordinance, the Governor shall appoint not less than eight directors of the Commission, half of whom shall be non-executive. At present, the Commission is served by five non-executive directors.

End/Wednesday, November 15, 1995

OFTA Internet home page ready to serve

The Office of the Telecommunications Authority (OFTA) announced today (Wednesday) that its Internet home page is now officially on-line and members of the public with access to Internet World Wide Web service can set the Uniform Resource Locators (URL) address to "http://www.ofta.gov.hk" for connection.

The services provided include retrieval of information contained in a farge number of OFTA documents put on the home page.