sandmartin intl hldgs ltd (482) Snapshot

The board of directors of Sandmartin International Holdings Limited announced that Mr. Shou Philip Ming-Yung has been appointed as the executive director of the Company with effect from March 26, 2013. Mr. Shou, Ph.D. For the period from 1979 to 1982, he was an adjunct professor and research scientist of College of William and Mary. In 1983, Mr. Shou founded Pro Brand International Inc. Currently, Mr. Shou is the Chairman of Pro Brand. From April 2003 to June 2012, Mr. Shou was the director of Prime Electronics and Satellitics Inc. Mr. Shou does not hold any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.

Sandmartin International Holdings Limited reported unaudited consolidated cash flow results for the six months ended December 31, 2012. For the period, the company reported net cash used in operating activities of HKD 67,440,000 against HKD 23,958,000 a year ago. Additions to property, plant and equipment was HKD 3,767,000 against HKD 10,438,000 a year ago. Expenditure on intangible assets was HKD 3,146,000 against HKD 8,380,000 a year ago.

Sandmartin International Holdings Limited announced that Chen Chien An has resigned as the executive director and the chief financial officer of the Company with effect from February 28, 2013. The Board announced that Mu Yean Tung has been re-designated from an independent non-executive director to an executive director of the Company with effect from February 28, 2013. Mu is currently the director of Vita Genomics Inc., and OriVita Bio Application Inc. The Board announced that Han Chien Shan has been appointed as the independent non-executive director, chairman of the nomination committee, member of the audit committee and member of the remuneration committee of the company with effect from February 28, 2013. Han Chien Shan is currently the associate professor of the Department of International Trade and Finance and the department head of the Department of Finance and International Business, Fu Jen Catholics University. The Board announced that Mr. Pan Chih Ching has been appointed as the chief financial officer of the Company with effect from February 28, 2013. He is a member of the Institute of Internal Auditors and a member of the Project Management Institute.