Yap Kian Peng was appointed as an Independent Director of our Company on 31 October 2007. He is the Chairman of the Remuneration Committee of our Company and a member of the Audit Committee and the Nominating Committee of our Company. Since 2005, he has been the executive director of Capital Equity Holdings Pte Ltd, a private equity investment company. Yap Kian Peng has business interests in food and beverage and property development. From 2004 to 2010, he was the executive director of CKG Chemicals Pte Ltd. He was employed by Maybank from 2001 to 2004, initially as a senior business development manager and subsequently promoted to be the team head of the trade finance business development group in Maybank. From 1998 to 2000, Yap Kian Peng was a director of You Yi Glass Contractor Pte Ltd, a company engaged in the business of trading in glass sheets. He joined Oversea-Chinese Banking Corporation Limited in 1992 and when he left in 1998, he was an assistant manager at the bank. Yap Kian Peng graduated from RMIT University, Australia, with a Bachelor Degree in Business (Business Administration). He is currently the executive deputy chairman and chief executive officer of Jackspeed Corporation Limited, a company listed on the Mainboard of the Singapore Exchange. He is also an independent director and the chairman of the audit committee of M Development Limited and Seroja Investment Limited, companies listed on the Mainboard of the Singapore Exchange.