Deng Yongyong Is Stepping Down As Executive Director And Group Financial Controller.

In October 9th, Johannes announced that Deng Yongyong had decided to step down as the executive director and chief financial officer of the group because he failed to stay in Europe as the chief financial officer of the group. He will be effective 21 days in October 2019. At the same time, Dr. Johannes Georg will be appointed as the executive director and group financial controller of the company, and will take effect in October 21, 2019.

It is understood that Dr. Schmidt-Schultes and Si Jie universal have entered into an employment contract, entitled to pay 600 thousand euros per year and 300 thousand euros per year as appropriate, and at the same time enjoy the signing bonus of 50 thousand euros, vehicle allowance of 20 thousand and 400 euros per year and the maximum relocation compensation fee of 50 thousand euros. When Dr Schmidt-Schultes is employed, he will be granted 2 million share options under the 2018 share option scheme as soon as practicable.

The announcement shows that Dr. Schmidt-Schultes holds a doctorate in finance from Ludwig Maxim Milian - University of Munich, and has recently served as the chief executive officer and executive director of BMI Group Holdings UK Limited. He was the former chief executive officer and executive director of Apleona Group GmbH in 2017, and the former chief executive officer and executive director of Semperit AG Holding from 2011 to 2017. He was deputy chief financial officer of former Telstra Corporation Limited group from 2007 to 2011. Prior to this position, Dr. Schmidt-Schultes had been T-Mobile (UK) Limited from 2004 to 2007 and from 2001 to 2004 as T-Mobile Austria GmbH financial director and executive director.

In addition, it announced in October 3rd that Ms. Sandrine Suzanne Eleonore Agar Zerbib (MS Zerbib) has been appointed as an independent non-executive director of the company and will take effect as soon as possible. MS Zerbib will receive a gold medal of HK $480 thousand per year. It is reported that Ms. Zerbib is the former executive director and chief executive officer of Lacoste, China's former non executive chairman and China trend (Group) Limited. He served as managing director of Adidas China from 1994 to 2003, and served as president of Adidas Greater China from 2003 to 2007.