Attached files
file | filename |
---|---|
8-K - 8-K - DUOYUAN PRINTING, INC. | h04503e8vk.htm |
EX-99.3 - EX-99.3 - DUOYUAN PRINTING, INC. | h04503exv99w3.htm |
EX-99.1 - EX-99.1 - DUOYUAN PRINTING, INC. | h04503exv99w1.htm |
Exhibit 99.2 Offer Letter, dated September 26, 2010, issued by Mr. Wenhua Guo
Duoyuan Printing, Inc.
No. 3 Jinyuan Road
Daxing Industrial Development Zone
Beijing, 102600
PRC
No. 3 Jinyuan Road
Daxing Industrial Development Zone
Beijing, 102600
PRC
26 September, 2010
SIK Siu Kwan
9D Hilltop
60 Cloudview Road
North Point
Hong Kong
9D Hilltop
60 Cloudview Road
North Point
Hong Kong
Dear Mr. SIK Siu Kwan,
It is with great pleasure that I extend to you an invitation to join the Board of Directors of
Duoyuan Printing, Inc. (the Company) as an independent director and a member of the Companys
Audit Committee. It is also our mutual understanding, subject to approval by the Board of
Directors, that you will be appointed as the Chairman of the Audit Committee after the filing of
the Companys Form 10-K for the fiscal year ended 30 June 2010. Your appointment to the board was
approved on the 26th day of September, 2010 and your service as director will begin upon receipt of
a signed copy of the enclosed directors acceptance letter.
Your service on the board is governed by the Companys Amended and Restated Articles of Association
(the Articles) and Amended and Restated Bylaws (the Bylaws) and shall last until the
appointment of your successor, or until your resignation or removal, all in conformance with the
Articles and the Bylaws.
Your compensation as a director of the Company shall include the following:
Annual Retainer:
|
A fee equal to US$100,000 will be
applied for the first year of your
services payable in equal monthly
installments, pro-rated for any
partial year of service. You must be
actively serving as a director on
the date of each such monthly
payment to receive your payment. |
|
Restricted Stock Award
|
An award of restricted stock equivalent to US$50,000 for the first year of your services as an independent director of the Company, to be granted on the first anniversary of your service as an independent director of the Company (the Date of Grant), and with a share price equal to the average closing price for the 15 trading days prior to December 31, 2010. This award of restricted stock shall be governed by a Restricted Stock Award Agreement to be entered between the Company and you on the Date of Grant. | |
Reimbursable Expenses:
|
Reimbursement for reasonable travel expenses incurred for attending the Board meetings (travel expense reimbursement is subject to the Companys current expense policy, as amended from time to time). |
The Company does not pay any other meeting or Board fees not set forth above. These fees may be
modified or adjusted from time to time as determined by the Board on recommendation of the
Compensation Committee.
It is the boards expectation that four board meetings will be held per year (one per quarter).
I am looking forward to working with you to ensure the continued success of the Company.
Sincerely,
/s/ Wenhua Guo
Wenhua Guo
Chairman of the Board of Directors
Enclosed: Director Acceptance Letter
Wenhua Guo
Chairman of the Board of Directors
Enclosed: Director Acceptance Letter
DIRECTOR ACCEPTANCE LETTER
To:
|
Duoyuan Printing, Inc. (the Company) | |
No. 3 Jinyuan Road | ||
Daxing Industrial Development Zone | ||
Beijing, 102600 | ||
PRC | ||
Attention:
|
Board of Directors | |
Date:
|
26 September, 2010 |
I hereby accept and agree to my appointment as a director of the Company.
I hereby designate the following telephone and facsimile numbers and e-mail address for service of
notice of all directors meetings. Notice by telephone or facsimile to either of the said numbers
or electronic mail to the stated e-mail address will constitute good and sufficient notice to
myself and I agree to promptly advise you of any change in these particulars:
Tel: | (852) 9101 8892 | |||
Fax: | (852) 3180 1720 | |||
E-mail: | garysik@gmail.com |
I hereby authorize you to enter my name and address in the Register of Directors of the Company as
follows:
Names: Address: |
SIK Siu Kwan 9D Hilltop 60 Cloudview Road North Point Hong Kong |
Yours faithfully,
/s/ SIK Siu Kwan
SIK Siu Kwan
SIK Siu Kwan