OREANDA-NEWS. October 17, 2011. The board of directors (the “Board”) of Burwill Holdings Limited (the “Company”) is pleased to announce that Mr. CHAN Ming Fai has been appointed as an Independent Non-Executive Director and a member of the Audit Committee of the Company, reported the press-centre of Burwill.

Mr. CHAN Ming Fai, aged 50, is currently the Chief Executive Officer of Full Seas Technology Group primarily responsible for the formulation and execution of the group’s strategy. Prior to that, Mr. Chan was the President of a private financial advisory company, Dandelion Capital Group.

He has over twenty years of experience in investment banking and asset management. Mr. Chan had worked for Jardine Fleming Investment Management with a major responsibility to market unit trusts and asset management products in Hong Kong and subsequently in various Asian markets, and was particularly instrumental in the establishment of Jardine Fleming’s investment trust operation in Japan, Korea and Indonesia. Mr. Chan also cofounded the KGI Group, which is a pan-Asian investment bank with shareholders including major investors and institutions in Asia, where he was the head of the asset management operation which managed about USD400 million in hedge funds and other portfolios, and was also a member of the management committee of KGI Group.

Mr. Chan received a bachelor’s degree in Social Sciences with major in Economics from the University of Hong Kong. Mr. Chan is currently an Independent Non-Executive Director of China LotSynergy Holdings Limited, and during the period from May 2009 to September 2010, he was a Non-Executive Director of Advanced Engine Components Limited, a company listed in
Australia. Save as disclosed above, Mr. Chan did not hold any directorships in any other listed public companies in the past 3 years.

As at the date of this announcement, Mr. Chan does not have any interests in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. There is no service contract between Mr. Chan and the Company but Mr. Chan is subject to retirement by rotation and re-election at general meeting of the Company in accordance with the Bye-laws of the Company. Mr. Chan shall be entitled to a Director fee of HKD 300,000 per annum which will be reviewed on annual basis with reference to that director’s responsibilities, abilities and performance, the Company’s operations as well as remuneration benchmark in the industry and prevailing market conditions.

Mr. Chan does not have any relationship with any other Director, senior management or substantial or controlling shareholder of the Company.

Save as disclosed above, there is no other information relating to Mr. CHAN Ming Fai which is required to be disclosed pursuant to the requirements under Rule 13.51(2)(h) to Rule 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. There is also no further information that needs to be brought to the attention of the shareholders of the Company in relation to the aforesaid appointment.

The Board takes this opportunity to welcome Mr. CHAN Ming Fai for joining the Board. Following the appointment of Mr. CHAN Ming Fai, the Company is fully compliant with Rule 3.10(1) and Rule 3.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.