Opal Technologies Inc. Changes Officer and Directors.
HONG KONG--(BUSINESS WIRE)--JUNE 21, 2000
Opal Technologies Inc. (OTCBB:OPAL) (the "Company") today announced that at a special meeting of the board of directors held on Saturday, June 17, 2000, a new chief executive officer and a new chief financial officer of the Company were appointed. Appointed to serve as the chief executive officer was Mr. Eric Cheng and to serve as the chief financial officer was Mr. Au Wah Edmond. Mr. Cheng and Mr. Au have also been named to the board of directors, as has Mr. Chung Siu Wah.
Mr. Eric Cheng is an executive director of United Power Investment Limited, a company listed on the stock exchange of Hong Kong Limited and which recently lent $10 million to the Company. Mr. Cheng graduated with honors from the faculty of Social Sciences University of Hong Kong in 1982, majoring in business management economics. Since his graduation Mr. Cheng has held various senior positions with major international financial institutions including Citicorp and James Capel (a unit of the Hong Kong HSBC Group).
Mr. Au Wah Edmond is a director of Golden Island (Management) Limited, a wholly-owned subsidiary of United Power Investment Limited. Mr. Au is also a director of Dynasty Hotel, Zhaoqing, the People's Republic of China (PRC), and several other privately owned companies in Hong Kong and PRC. Mr. Au is a member of Certified General Accountants of Canada (CGA) and has held senior finance and management positions in various companies and businesses in Hong Kong, the PRC, Canada and Singapore over the last twenty years.
Mr. John Koon, the former chairman and chief executive officer of the Company resigned both as the Company's chief executive officer and director, but will continue to serve in an advisory capacity.
The following persons are now serving on the board of directors of the Company:
Name Capacity Date of Appointment as Director ------------------------------------------------------------------ Eric Cheng President & CEO 11 April 2000 Edmond Au CFO 11 April 2000 Thomas Chen VP, Sales 6 June 1997 Michael Botts VP, R&D 6 June 1997 James Shane Director 6 June 1997 SW Chung(a) Director 10 May 2000 (a) Mr. Chung Siu Wah is a solicitor practicing in Hong Kong since 1989 and is a partner of Messrs. Tony Kan & Company, Solicitors and Notaries.
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|Date:||Jun 21, 2000|
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