SMIC Announces Appointment of Professor Wang as the Chairman of the Board
29 July 2005 - 8:00AM
PR Newswire (US)
SMIC Announces Appointment of Professor Wang as the Chairman of the
Board Strives to Enhance Corporate Governance and Transparency
SHANGHAI, China, July 28 /Xinhua-PRNewswire-FirstCall/ --
Semiconductor Manufacturing International Corporation ('SMIC' or
the 'Company'; SEHK: 0981; NYSE: SMI) announced today that in
compliance with the 'Code on Corporate Governance Practices'
contained in Appendix 14 of the Rules Governing the Listing of
Securities on the Stock Exchange of Hong Kong Limited, the Board of
the Company has elected Professor Yang Yuan Wang ('Prof. Wang') as
the Chairman of the Board to succeed Dr. Richard Ru Gin Chang ('Dr.
Chang') with immediate effect. Prof. Wang serves the Company as a
non-executive director since 2001 and has over 40 years of
experience in the semiconductor industry. Prof. Wang is also the
Chief Scientist of the Microelectronics Research Institute at
Beijing University, and a fellow of the Chinese Academy of
Sciences, of The Institute of Electrical and Electronics Engineers
(USA) and of The Institute of Electrical Engineer (UK). Prof. Wang
said, 'I look forward to serving as the Chairman of the Board of
SMIC. Leveraging on my industry knowledge, I will deliver my best
in upholding the best practice and driving the growth of SMIC.'
Commenting on the appointment, Dr. Chang, CEO of the Company, said,
'We have always been embracing our commitment in enhancing the
quality of the Board. The appointment of Prof. Wang as our Chairman
of the Board further illustrates our dedication to a high standard
of corporate governance where the role of Chairman is separate from
that of CEO. Prof Wang is well respected in the semiconductor
industry and we are confident of his impartiality in enhancing our
standards of corporate governance and level of transparency.' For
further information, please contact: Reiko Chang Tel:
+86-21-5080-2000 x10544 Fax: +86-21-5080-2868 Email: iPR ASIA LTD
Natalie Tam/ Antonia Au/ Karin Wong Tel: +852-2136-6182/ 2136-6176/
3170-6609 Fax: +852-2136-6068 Email: Web: http://www.iprasia.com/
DATASOURCE: Semiconductor Manufacturing International Corporation
CONTACT: Reiko Chang, +86-21-5080-2000 x10544, or +86-21-5080-2868,
or of SMIC; iPR ASIA LTD, Natalie Tam, Antonia Au, Karin Wong,
+852-2136-6182, or 2136-6176, or 3170-6609, or fax +852-2136-6068,
or Web site: http://www.smics.com/
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