Board of Directors

Mr. Kyle Shaw

Executive Chairman

Date of appointment: 13 March 2018

Mr. Kyle Shaw is the Founder and Managing Partner of ShawKwei & Partners, and was principally responsible for forming, raising, and managing the Asian Value Investment Fund, L.P. (the "AVIF1"), Asian Value Investment Fund II, L.P. (the "AVIF2"), and the Asian Value Investment Fund 3, L.P. (the "AVIF3"). Mr. Shaw has been involved in Greater China private equity fund management for 25 years and has led a variety of investment transactions across Asia. Mr. Shaw has known each Advisory Partner for over 25 years.

Mr. Shaw began his working career in the oil industry with Tidewater Inc. in Louisiana and Singapore and then moved to Union Texas Petroleum in Houston, Texas. He was a summer associate intern with Arral & Partners in Hong Kong during 1986, which provided an introduction to the emerging private equity industry in Asia. He joined Security Pacific National Bank's merchant bank in New York in 1987, and worked in corporate loan sales and foreign exchange. In 1989, he was transferred to Hong Kong where he founded Security Pacific Asia Fund, the first Asian private equity fund for Security Pacific managing internal capital. Upon the merger of Security Pacific National Bank with the Bank of America in 1992, Mr. Shaw attempted to buyout the Security Pacific Asia Fund, but in the end Bank of America declined to sell. Mr. Shaw then joined the Tudor Investment Group to open a Shanghai office to manage the Tudor China Fund focused on private equity investments in China. He also served as the Tudor Group's investor representative on two other China private equity funds. In 1996 he joined Schroders in Hong Kong as a Partner responsible for private equity investments in China. Mr. Shaw left Schroders and founded ShawKwei & Partners in 1998.

Over his investment career, Mr. Shaw has served as a director of all AVIF3 companies; Chairman of Beyonics, Chairman of Amos, Director and Audit Committee Chairman of YongLe, Chairman Asia of Schmid, and Chairman of Chosen. In the past, he was a director of several other companies such as Flextronics International Ltd. of Singapore, China Fangda Group Co. Ltd. of China, SNP Leefung Holdings Ltd. of Hong Kong, Suga International Holdings Ltd. of Hong Kong, Abest Communications of Taiwan, China Vanguard Group Ltd. of China, Zhenzhong Auto Components Ltd. of China, and Huge Winners International Ltd. of China. He is a director of the Wharton Club of Hong Kong (13+ years) as well as a director of the University of Virginia Alumni Association in Hong Kong (20+ years), and was previously president of Wharton Club of Hong Kong (2006-08).

Mr. Shaw received an MBA degree from the Wharton School of the University of Pennsylvania in 1987 and a Bachelor of Science in Commerce from the University of Virginia in 1983. He studied Mandarin Chinese at Taiwan's National Normal University Language Institute for foreign students in 1985, and has lived over 33 years in Hong Kong, Shanghai, Singapore and Taiwan.

Mr. Peter Ko

Non-Executive Director

Date of appointment: 13 March 2018

Mr. Peter Ko is a Managing Director and formally joined ShawKwei & Partners in 2016. He is one of Asia's most seasoned investment professionals with 28 years of experience as a private equity investor across Asia.

He started his career in the early 1980's at Merrill Lynch White Weld Capital Markets as Analyst in its Mergers & Acquisitions advisory group (NYC) and in 1986 he joined Asia Oceanic Group, a merchant bank based in NYC and in major Asian cities. For the next 5 years, Peter worked on various North America-Asia and intra-Asia cross border advisory and investment transactions.

From 1991 to 1998, he worked as Principal at William E. Simon & Sons (Asia) Limited (based in Hong Kong), founded by Bill Simon, the former Secretary of the Treasury under President Ford and the co-founder of Wesray, one of the earliest and successful LBO investment firms in North America.

From 1998 to 2012, he worked at H&Q Asia Pacific Group as Managing Director and, subsequently, as Senior Managing Director. During his 14 years at H&Q, he established and led H&Q's Korean operations, undertaking various private equity investments and initiated and executed the formation of two onshore private equity funds primarily sponsored by large Korean institutions. Contemporaneously, Peter was involved in a number of investment and management roles in Japan and in Greater China.

From 2012 to 2015, he worked with ShawKwei & Partners on a number of potential North Asia control investments and involved in establishing a number of sector-specific investment platforms.

Peter holds a BA from Columbia University (1982) and an MBA from Harvard Business School (1986).

Mr. Lim Shook Kong

Independent Non-Executive Director

Date of appointment: 13 March 2018

Mr. Lim Shook Kong, age 66, is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA), a Member of the Malaysian Institute of Accountants (Chartered Accountant, Malaysia) and a Member of the Singapore Institute of Directors (MSID). He attended the Mandatory Accreditation Program (“MAP”) pursuant to Paragraph 15.09 of Bursa Securities’ Listing Requirements in February 2005.

He has had hands-on experience in a wide range of industries, having been involved in accounting, audit, merchant banking, property development, oil and gas exploration activities, engineering and construction, paper mill and packaging businesses, precision plastic injection/molding, M & A, IPO assignments, corporate financial/debt restructuring and corporate governance and compliance matters.

He has held positions as an Executive Director/Finance Director and CFO, Non-Executive Independent Director (having served as Chairman and/or Member of the Audit Committees, Nomination Committees and Remuneration Committees) on the board of several public listed companies and private limited companies over the past 35 years.

He is currently a consultant (financial) to Sentosa 4D Magix Pte Ltd, a company which operates South East Asia’s first 4Dimensional Theatre in Sentosa Island, Singapore (since August 2009). He also serves as an independent member of a Committee of Inspection (“COI”) of a Singapore company under liquidation (since July 2011).

He is a director of several private limited companies in Singapore, representing the interests of the majority shareholders based overseas.

Mr. Alan John Hargreaves

Independent Non-Executive Director

Date of appointment: 14 March 2018

Mr. Alan Hargreaves is Managing Director of Copabella Pte Ltd, Australia, where he manages Copabella Trust, a private investment vehicle.

With over 30 years of international experience in corporate finance and equities, he is also an external consultant to various equity and property investment portfolios as well as the not-for-profit sector. These include being Advisory Director of Shaw Kwei & Partners, Director of Beyonics Pte Ltd, Director of Javelin Starup-O, a Singapore-based innovation fund, Chairman of Newpin Advisory Board and Director of The Sydney Retreat.

Alan began his career at Hoare Govett Asia in 1984 where he held various senior executive positions. Over the years, he orchestrated the firm’s management buyout in 1990, grew it from two operating markets to 12, spanning all stock exchanges between South Korea and India, including setting up the first foreign seat in Shenzhen, China and subsequently the second in Shanghai, China. In 1993, he restructured the firm’s US operations before it was sold to ABN AMRO Asia in 1998.

From 1998 to 2000, Alan was Managing Director of ABN AMRO Asia where he managed its US operations before moving to Sydney to set up and manage equity broking operations for ABM AMRO Hoare Gavett Australia.

Alan is a published author and a consultant on issues of corporate strategy and change management. He is an Economics graduate from the University of Sydney.

Mr. David Wood Hudson

Independent Non-Executive Director

Date of appointment: 14 March 2018

Mr. David Wood Hudson has 40 years of experience in the financial sector as a senior executive in private equity investing, commercial banking, and investment banking. His career focus has been on the emerging markets of Asia, Latin America, the Middle East and Africa.

David was previously a Senior Managing Director with Darby Private Equity from 2008 until 2015 with overall executive and operational responsibility for Darby private equity funds in Asia and Latin America. The fund investment activities included equity, structure mezzanine debt , and infrastructure, and investment teams were based in Hong Kong, India, South Korea , Brazil, and Colombia.

David began his career at JP Morgan where he held various roles as an executive in the bank's Middle East Group and Energy Group. In 1987, David relocated to Hong Kong as President & CEO of JP Morgan's Asia business activities (excluding Japan). In 1990, David joined Salomon Brothers as Managing Director (Partner) responsible for senior client coverage in Asia. In 1995, David joined ING Barings, Asia, initially as Managing Director responsible for corporate finance, and in 1997, was appointed President & CEO of ING's branches and all business activities in Asia. In total, David lived in Hong Kong and was active as a senior executive in the region for 20 years. In 2006, David was appointed President & CEO of ING Bank's activities in the United States & Latin America and he relocated to New York City.

David received his undergraduate degree (BA) in 1970 from the University of Virginia in International Relations & Comparative Governments and received his MBA from University of Virginia, Darden School, in 1973.