TCL Communication Appointed Mr. Andrew Look as Independent Non-Executive Director

TCL Communication Technology Holdings Limited
2010-09-20 23:08 1711

HONG KONG, Sept. 20 /PRNewswire-Asia/ -- TCL Communication Technology Holdings Limited ("TCL Communication" or "the Company", together with its subsidiaries referred to as "the Group") announces the appointment of Mr. Andrew Look as an independent non-executive director of the Company, and has also been appointed as a member of the audit committee and the remuneration committee of the Board, effective as of 20 September 2010 to the close of the next annual general meeting of the Company following his appointment, and will be subject to retirement by rotation and re-election at the annual general meeting.

Mr. Andrew Look, aged 45, holds a Bachelor of Commerce degree from the University of Toronto. He has over 20 years' experience in the equity investment analysis of Hong Kong and China stock markets. From 2000 to 2008, Mr. Look served in Union Bank of Switzerland ("UBS") as the head of Hong Kong research, strategy and product and he is now an external consultant to UBS. He was rated as the best Hong Kong strategist and best analyst by the Asiamoney magazine, a leading monthly financial and capital markets publication for corporate and finance readers and investors, in 2001, 2002, 2003, 2005, 2006 and 2007. Prior to joining UBS, Mr. Look was the regional director of PPM Worldwide, the fund management arm of the Prudential Corporation of the United Kingdom, where he managed pension and life insurance funds investing in Asia ex-Japan markets.  Mr. Look is currently the chief investment officer and managing director of Look's Asset Management Limited, a SFC licensed asset management company which is based in Hong Kong and founded and solely owned by him.

"We are extremely fortunate to have Mr. Andrew Look join TCL Communication as an independent non-executive director," commented by Mr. LI Dongsheng, chairman of the Group, "His joining the Board is a testament to the Group's commitment to the financial market and our determination to create more value for shareholders. Mr. Look's professional expertise will also prove to be of great benefit to the Board. I firmly believe that our corporate governance will continue to progress towards industry best practice."

Mr. Andrew Look said, "I am honored to be appointed as an independent non-executive director of TCL Communication. Over the past year, TCL Communication has seen a rapid development of its products in global markets, and is gaining greater brand recognition, which resulted in this year's exceptional interim results; monthly shipments have also continued to exceed historical records since the beginning of this year. As one of the world's fastest growing major mobile vendors as named by Strategy Analytics, TCL's sales are ranked among the top ten global handset manufacturers. As a member of TCL Communication's Board, I will do my best to continuously enhance the Company's corporate governance. "

About TCL Communication

TCL Communication Technology Holdings Limited (stock code: 02618) is one of the top ten manufacturers of mobile handsets in the world and an acknowledged leader in alliances with telecommunication operators. Its headquarters are in the PRC, and its products are sold in more than 80 countries and regions under 2 brand names: TCL and ALCATEL. For more information, please visit it website at

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Source: TCL Communication Technology Holdings Limited