Euro Asia announces the result of its AGM

  • All resolutions successfully passed
  • Mr. Eugene Lo appointed as CFO

Hong Kong, SAR Peoples' Republic of China, 27 June, 2014

Euro Asia Premier Real Estate Company Limited (JT9; ISIN: VGG3223A1057) announces that all resolutions put to Shareholders Meeting on 27 June, 2014 were unanimously passed.

As part of the completion of the re-organization of Company's capital structure, the Board of Directors, though not required, requested and received unanimous shareholder approval for the granting of a general mandate to further increase the Company`s share capital, at the discretion of the Board. The general mandate allows the Company to further issue up to 5,500,000 additional shares, or 50% of the 11 million outstanding and issued shares as at the date of the AGM. The general mandate will expire with the Company's General Meeting in the year 2017. Additionally, the meeting approved the proposed change in the Company`s Articles of Association.

In additional news, the Company announced it has appointed Mr. Eugene Lo as Director and Chief Financial Officer, effective immediately. In a career that spans over 25 years, Mr. Lo has build extensive experience in building and growing companies. Mr. Lo spent 14 years building, from the ground up, an IT solutions company in Canada, culminating in the Company's public listing on the TSX. Following his return to Asia, he held senior management positions with a number of medium to large globally operating companies, including General Electric. In the past 10 years, he has build a successful track record in setting up and growing new businesses in the IT & Telecom sectors. Mr. Lo was born in Hong Kong and holds a Bachelor's Degree in Economics from the University of Toronto, Canada, and is fluent in Cantonese, English and Mandarin.

Patrick P.L. Chan, Euro Asia`s Chairman and CEO, stated, "With Eugene Lo, we have been able to appoint a consummate business professional with strong capabilities in finances, general management and business development. His entrepreneurial skills will add greatly to Euro Asia's skill set. We believe we are now well positioned to pursue our growth strategy, and, with the general mandate approved, we have the flexibility of accelerating our development through the injection of new capital. Following the acquisition of Weihai Ming Cheung, we now have materially completed our reorganization and are excited to pursue the opportunities we see in the province of Shandong."

Contact:
Schwarz Financial Communication
Frank Schwarz
Tel: +49 611 1745 398 11
Schwarz@schwarzfinancial.com

About Euro Asia
Euro Asia is a BVI registered company, active in demand driven development of real estate projects in the Shandong area of the People's Republic of China. The Company operates locally through its subsidiaries. By utilizing its strong local network to banks, political decision makers, land owners and other developers, the Company intends to grow its position in the Shandong Province prior to moving into other regions. For more information, please visit www.eu-asia.net

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