Adamas Finance Asia Limited Appointment of Director (3083S)

TIDMADAM

RNS Number : 3083S

Adamas Finance Asia Limited

02 October 2017

2 October 2017

Adamas Finance Asia Limited

(AIM: ADAM)

("Adamas Finance Asia", "ADAM", the "Company" or the "Group")

APPOINTMENT OF DIRECTOR

The Directors of Adamas Finance Asia Ltd ("ADAM"), a London quoted Asian diversified investment vehicle, are pleased to announce the appointment of Dr. Lee George Lam as a Non-Executive Director with effect from 2 October 2017.

Dr. Lee George Lam is the Chairman of Hong Kong Cyberport Management Company Limited and the Non-Executive Chairman of Macquarie Bank's Infrastructure and Real Assets business in the Hong Kong and ASEAN region. He is also a member of the Hong Kong Special Administrative Region Government's Committee on Innovation, Technology and Re-Industrialization, the Hong Kong Council on Smoking and Health, the Council on Professional Conduct in Education (CPC), and the Court of the City University of Hong Kong. Currently, Dr. Lam serves as the Vice Chairman of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) Business Advisory Council and Chairman of its Task Force on Banking and Finance. Furthermore, he is the Chairman of the Permanent Commission on Economic and Financial Issues for the World Union of Small and Medium Enterprises (WUSME).

Dr. Lam also maintains a keen interest in developing business links across the Asia-Pacific region. To this end, he is a Board member of the Chinese General Chamber of Commerce of Hong Kong, a Board member of the Australian Chamber of Commerce in Hong Kong and Macau, a founding Board member and the Honorary Treasurer of the Hong Kong-Vietnam Chamber of Commerce, Vice Chairman of the Hong Kong-Myanmar Chamber of Commerce, a founding member of the Hong Kong-Korea Business Council, and finally, a member of the Hong Kong-Thailand Business Council.

Dr. Lam is a Solicitor of the High Court of Hong Kong, a Fellow of the Hong Kong Institute of Arbitrators and the Hong Kong Institute of Directors, an Honorary Fellow of CPA Australia and a Fellow of CMA Australia.

John Croft, Chairman of ADAM, commented: "I have no doubt that Dr Lam will contribute hugely to the development of ADAM as his considerable experience will be of undoubted value to the Board. His contacts and experience in Asia are extensive and ADAM looks forward to working with Dr Lam as we pursue our new strategy to generate long-term income and capital growth for shareholders. We are delighted to have secured the appointment of Dr Lam."

Enquiries:

 
Adamas Finance Asia Limited 
 John Croft                     [phone] 
 
Nominated Adviser 
WH Ireland Limited 
 Tim Feather 
 Ed Allsopp 
 James Sinclair-Ford          [phone] 
 
Broker 
 finnCap Limited                [phone] 
William Marle 
 Grant Bergman 
 
 
Public Relations Advisers 
Buchanan 
  Charles Ryland 
  Victoria Hayns 
  Henry Wilson                [phone] 
 

About Adamas Finance Asia ("ADAM")

ADAM is a London quoted investment company focusing on delivering long-term income and capital growth to shareholders through a diverse portfolio of pan-Asian investments.

ADAM aims to provide uncorrelated returns through a combination of capital growth and dividend income from a broad spectrum of national geographies and asset classes.

The Company's recently appointed investment manager Harmony Capital, which has a dedicated team with real Asian expertise, will focus on the strategy of creating income and capital growth as well as addressing the issues of the ongoing legacy portfolio. Harmony is sourcing predominantly private opportunities and a strong pipeline already exists. Income generating assets include investments in property, mining, pharmaceuticals, and telecoms across Asia.

APPENDIX

Dr. Lee George Lam, aged 58, is, or has been within the last five years, a director or partner of the following companies and partnerships:

 
 Current directorships                 Past directorships held 
                                        within the last five 
                                        years 
 Asia Pacific Strategic                China Communication 
  Investments Ltd                       Telecom Services Company 
                                        Limited 
 AustChina Holdings Limited            China Oceanwide Holdings 
  (fomer name: Coalbank Ltd)            Ltd. (former name: Hutchinson 
                                        Harbour Ring Limited) 
 China LNG Group Ltd                   DTSX Silk Road Investment 
                                        Holdings ltd (former 
                                        name: UDL Holdings Limited) 
 Chiu Yang Resident's Association      Far East Holdings International 
  of Hong Kong Limited                  Limited 
 CSI Properties Limited                Green ICT Consortium 
                                        Limited 
 Elife Holdings Limited                Guardian Fund Limited 
  (former Name: Sino Resources 
  Group Limited) 
 Glorious Sun Enterprises              Heng Fai Enterprises 
  Limited                               Limited 
 Haitong Securities Co Ltd             Hong Kong Hillston Investment 
                                        Limited 
 Hong Kong Casin Holdings              Imagi International 
  Limited                               Holdings Limited 
 Hong Kong Cyberport Management        Lee G. Lam Associates 
  Company                               Inc. 
 Hong Kong Strategy Limited            Mingyuan Medicare Development 
                                        Company Limited 
 Hong Kong SWATOW Merchants            Next-Generation Satellite 
  Association (STCC)                    Communications Limited 
 Hong Kong-ASEAN Economic              Pacific Star Capital 
  Cooperation Foundation                Investment Limited 
  Limited 
 Hong Kong-Vietnam Chamber             Pacific Star Group Limited 
  of Commerce Limited 
 Huarong Investment Stock              Pacific Star Management 
  Corporation Limited                   Services Limited 
 ITF Corporation                       Ruifeng Petroleum Chemical 
                                        Holdings Limited 
 Mei Ah Entertainment Group            Sino-Australian International 
  Ltd                                   Trust Company Limited 
 Monte Jade Science & Technology       TMC Life Sciences Berhad 
  Association of Hong Kong 
  Limited 
 Murray, Lam & Kan Capital             Wai Chun Mining Industry 
  Limited                               Group Co. Ltd. 
 National Arts Entertainment 
  and Culture Group Limited 
 Orange Grove Enterprises 
  PTE. Ltd. 
 Pacific Basin Economic 
  Council ltd. 
 Roma Group Limited 
 Rowsley Ltd 
 Sunwah International Ltd 
 Sunwah Kingsway Capital 
  Holdings Ltd 
 TechMatrix Research Centre 
  Limited 
 The Australian Chamber 
  of Commerce in Hong Kong 
  and Macau 
 The Chinese General Chamber 
  of Commerce (CGCC) 
 The Hong Kong Real Property 
  Federation 
 The Overseas Teo Chew Entrepreneurs 
  Association Limited 
 The University of Hong 
  Kong School of Professional 
  and Continuing Education 
  Alumni Limited 
 Thomson Medical Centre 
  Limited 
 Top Global Ltd 
 Vietnam Equity Holding 
 Vongroup Limited 
 Xi'an Haitian Antenna Holdings 
  Company Limited 
 Zhuhai Da Heng Qin Company 
  Limited 
 

Dr. Lam has confirmed that there is no further information to be disclosed in accordance with Schedule 2(g) fo the AIM Rules for Companies.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 02, 2017 02:00 ET (06:00 GMT)