Sealand Capital Galaxy Limited Board Change and Appointment of Non-Exec (5931U)
July 13 2018 - 5:35AM
UK Regulatory
TIDMSCGL
RNS Number : 5931U
Sealand Capital Galaxy Limited
13 July 2018
For immediate release: 13 July 2018
Sealand Capital Galaxy Limited
("Sealand", or the "Company")
Board Change and Appointment of Non-Executive Director
Sealand Capital Galaxy Limited announces that the Board has
accepted the resignation of Non-Executive Director, Mr Nicholas
Lyth. As a result, Mr Lyth will step down from the Board of the
Company with immediate effect.
The Company is also pleased to announce the appointment of Max
Li who will replace Mr Lyth as Non-Executive Director with
immediate effect.
Mr Li (aged 33) is a qualified Chartered Accountant who has
experience in a number of interrelated areas including tax, real
estate and private wealth management, as well as having important
knowledge of the both the Chinese and UK markets.
Most recently Max founded his own business, EIK Business
Limited, that manages UK business and investment structures for
high net-worth business owners and corporations from China,
including setting up representative offices in London, designing UK
business and investment strategies, recruiting senior management,
identifying and evaluating acquisition targets and promoting sales
in the UK and Europe. All skills which he hopes to bring to the
Sealand team to advance their London and UK presence more
widely.
Previously, Mr Li was a part of the London Private Client Tax
team at PwC from 2013 to 2015, where he advised High Net Worth
individuals on their personal wealth as well as leading large tax
review projects that covered clean capital structuring and
compliance, tax residence, trusts structuring and maintenance, and
transaction reviews to identify risk.
Before his role in the tax department Mr Li worked in Risk
Assurance and Auditing at PwC, where he handled major clients such
as RWE, Deutsche Telekom, Shell Group, British Gas, WPP, British
Telecom, Sony Group, Invesco and Rio Tinto.
Mr Li has a BSc in Finance and Economics from the China
Agricultural University Beijing, and a MSc in Insurance and Risk
Management with Distinction from Cass Business School in
London.
Nelson Law, Executive Chairman commented:
"I am delighted to welcome Max to the Board of Sealand Capital
Galaxy and we look forward to working with him as the Company
scales, especially as we plan to invest more in the mobile payments
sector. Max's knowledge of both the Chinese and British market is a
great asset to the team as seek to take advantages of the synergies
between these two countries especially as information technology
and the proliferation of mobile connectivity and infrastructure in
these two regions expands.
"I would also like to take this opportunity to thank Nick for
his contribution to Sealand and wish him the best for his future
endeavours."
-ends-
Enquiries
Sealand Capital Galaxy Limited
Law Chung Lam Nelson, Executive Chairman + 44 7537959788
Frazer Macrae, Non-Executive Director + 44 7537959788
Belvedere Communications
John West +44 2035670510
Kim van Beeck +44 7477967446
Llewellyn Angus +44 7407023147
Notes to Editors:
-- Sealand Capital Galaxy Limited (LSE: SCGL) is engaged in the
investment and acquisition of IT and social media businesses in the
APAC region with high growth potential.
-- The Company's Shares are traded on the Official List of the
London Stock Exchange's main market for listed securities under the
ticker SCGL.
-- Further information on Sealand is available on its website http://www.scg-ltd.com/
Disclaimer
This announcement contains certain forward-looking statements.
These statements are made by the Company's directors in good faith
based on the information available to them up to the time of their
approval of this announcement but such statements should be treated
with caution due to inherent uncertainties, including both economic
and business factors, underlying such forward-looking information.
This announcement has been prepared solely to provide additional
information to shareholders to assess the Group's strategies and
the potential for those strategies to succeed. This announcement
should not be relied on by any other party or for any other
purpose.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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