ANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE DIRECTOR

The details of the announcement start here ...

Date of Appointment *

28/04/2008

Name of person *

Dymo Hua Cheung, Philip

Age *

45

Country of principal residence *

Hong Kong

The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) *

Whether appointment is executive, and if so, the area of responsibility *

Executive Director; Responsible for the overall management of the Group's financial and management reporting, internal control, audit functions and accounting and compliance process.

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Executive Director

Working experience and occupation(s) during the past 10 years *

Mr. Dymo joined the Group in March 2003 and has more than 20 years of experience in the auditing and accounting profession. Prior to joining the Group, he was an audit manager with Kwan Wong Tan Fong Co., Ltd, an accounting firm in Hong Kong, which later merged with the international accounting firm of Deloitte Touche Tohmatsu where his responsibilities included audit for statutory compliance and special purposes such as initial public offerings and tax compliance. He is a Member of the Hong Kong Institute of Certified Public Accountants and The Institute of Chartered Accountants in England and Wales.

Interest * in the listed issuer and its subsidiaries *

400,000 shares and 1,952,000 options.

Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *

Nil

Conflict of interests (including any competing business) *

Nil

# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9).

Past (for the last 5 years) *

Nil

Present

Nil

Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.

Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.

(a)* Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?

No

(b)* Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?

No

(c)* Whether there is any unsatisfied judgment against him?

No

(d)* Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?

No

(e)* Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?

No

(f)* Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?

No

(g)* Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?

No

(h)* Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?

No

(i)* Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?

No

(j)* Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- (i)* any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or<br> (ii) any corporation or partnership which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futurues industry in Singapore or elsewhere, <br> in connection with any matter occurring or arising during the period when he was so concerned with the corporation or partnership?

No

Footnotes

Mr Philip Dymo Hua Cheung has no prior experience as a director of a public listed company in Singapore. However, he will attend the next training session on Understanding the Regulatory Environment in Singapore to be conducted by the Singapore Institute of Directors.