Sealand Capital Galaxy Limited Board Change and Appointment of Non-Exec (5931U)

TIDMSCGL

RNS Number : 5931U

Sealand Capital Galaxy Limited

13 July 2018

For immediate release: 13 July 2018

Sealand Capital Galaxy Limited

("Sealand", or the "Company")

Board Change and Appointment of Non-Executive Director

Sealand Capital Galaxy Limited announces that the Board has accepted the resignation of Non-Executive Director, Mr Nicholas Lyth. As a result, Mr Lyth will step down from the Board of the Company with immediate effect.

The Company is also pleased to announce the appointment of Max Li who will replace Mr Lyth as Non-Executive Director with immediate effect.

Mr Li (aged 33) is a qualified Chartered Accountant who has experience in a number of interrelated areas including tax, real estate and private wealth management, as well as having important knowledge of the both the Chinese and UK markets.

Most recently Max founded his own business, EIK Business Limited, that manages UK business and investment structures for high net-worth business owners and corporations from China, including setting up representative offices in London, designing UK business and investment strategies, recruiting senior management, identifying and evaluating acquisition targets and promoting sales in the UK and Europe. All skills which he hopes to bring to the Sealand team to advance their London and UK presence more widely.

Previously, Mr Li was a part of the London Private Client Tax team at PwC from 2013 to 2015, where he advised High Net Worth individuals on their personal wealth as well as leading large tax review projects that covered clean capital structuring and compliance, tax residence, trusts structuring and maintenance, and transaction reviews to identify risk.

Before his role in the tax department Mr Li worked in Risk Assurance and Auditing at PwC, where he handled major clients such as RWE, Deutsche Telekom, Shell Group, British Gas, WPP, British Telecom, Sony Group, Invesco and Rio Tinto.

Mr Li has a BSc in Finance and Economics from the China Agricultural University Beijing, and a MSc in Insurance and Risk Management with Distinction from Cass Business School in London.

Nelson Law, Executive Chairman commented:

"I am delighted to welcome Max to the Board of Sealand Capital Galaxy and we look forward to working with him as the Company scales, especially as we plan to invest more in the mobile payments sector. Max's knowledge of both the Chinese and British market is a great asset to the team as seek to take advantages of the synergies between these two countries especially as information technology and the proliferation of mobile connectivity and infrastructure in these two regions expands.

"I would also like to take this opportunity to thank Nick for his contribution to Sealand and wish him the best for his future endeavours."

-ends-

Enquiries

 
 Sealand Capital Galaxy Limited 
 Law Chung Lam Nelson, Executive Chairman    + 44 7537959788 
 Frazer Macrae, Non-Executive Director       + 44 7537959788 
 
 Belvedere Communications 
 John West                                   [phone] 
 Kim van Beeck                               [phone] 
 Llewellyn Angus                             [phone] 
 

Notes to Editors:

-- Sealand Capital Galaxy Limited (LSE: SCGL) is engaged in the investment and acquisition of IT and social media businesses in the APAC region with high growth potential.

-- The Company's Shares are traded on the Official List of the London Stock Exchange's main market for listed securities under the ticker SCGL.

   --      Further information on Sealand is available on its website http://www.scg-ltd.com/ 

Disclaimer

This announcement contains certain forward-looking statements. These statements are made by the Company's directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent uncertainties, including both economic and business factors, underlying such forward-looking information. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 13, 2018 05:35 ET (09:35 GMT)