| Name Of Person | Fan Dengchao |
| Age | 49 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 23/01/2015 |
| Detailed Reason (s) for cessation | To pursue his personal interest. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 06/07/2006 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 1 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer and Executive Director |
| Role and responsibilities | Mr Fan was responsible for the strategic development of our Group as well as overseeing the daily operations and management function of our subsidiary, Dongming Hengchang. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None. |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Deemed interest in the 329,996,000 shares of the Company by virtue of his 12.97% shareholding interest in the company, Intelligent People Holding Limited. |
| Past (for the last 5 years) | None |
| Present | None |
