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| Exchange Disseminated Time | Hydro S & S Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 03, 2013, have approved the following:
1. Pursuant to the Share Purchase Agreement, M/s. Kingfa Sci. & Tech. Co. Ltd., China have nominated Mr.Nie Delin, Mr.Bo Jingen and Mr.Wu Xiaohui on the Board of the Company.
2. Pursuant to the Share Purchase Agreement, Mr. V.Srinivasan, Mr. Murali Venkat raman and Mr. Dinshaw K.Parakh have resigned as Directors from the Board with effect from July 03, 2013.
3. Mr.Nie Delin, Mr.Bo Jingen and Mr.Wu Xiaohui were appointed as an Additional Directors with effect from July 03, 2013. The Board of Directors have also appointed Mr.Bo Jingen as Managing Director and Mr.Wu Xiaohui as Whole Time Director of the Company.
4. Consequent to the resignation of Mr. V.Srinivasan, Mr. Murali Venkatraman and Mr. Dinshaw K.Parakh from the Board of the Company with immediate effect, the Audit, Remuneration and Share Transfer and Investor’s Grievances Committees of the Board has been reconstituted as follows with immediate effect.
Audit Committee
1. Mr .V.Thirupathi, Chairman
2. Mr.G.Balasubramanyan, Member
3. Mr.Nie Delin, Member
Remuneration Committee
1. Mr. G.Balasubramanyan, Chairman
2. Mr.V.Thirupathi, Member
3. Mr.Nie Delin, Member
Share Transfer and Investor's Grievances Committees
1. Mr. Nie Delin, Chairman
2. Mr. BoJingen, Member
5. Mr.Xie Dongmin has been appointed as Chief Financial Officer of the Company with effect from July 03, 2013.
6. Mr.S.K. Subramanyan, Whole Time Director has resigned as Director of the Company. However, Mr.S.K. Subramanyan will continue to be Company Secretary of the Company under Section 383A of the Companies Act, 1956 and designated as Director (Corporate Affairs) and Company Secretary with effect from July 03, 2013.
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