Change - Announcement Of Appointment :: Appointment Of Non-Executive And Non-Independent Director

Although Mr. Tang does not have any prior experience as a director of an issuer listed on the Exchange ('Director of SGX-ST Listco'), the NC has considered and is of the view that based on his experience as set out below, he possesses the experience comparable to a Director of SGX-ST Listco:

(i) He has been an Executive Director of CEL (stock code: 167.HK) since July 2007, and is also the Chief Financial Officer of CEL;

(ii) He has been a Non-Executive Director of China Aircraft Leasing Group Holdings Limited (stock code: 1848.HK) since August 2013; and

(iii) He had served as a Director of Everbright Securities (stock code: 601788.SH) from February 2008 to January 2011.