Directorate Change

1st May 2009 09:30



1 May 2009

Cathay International Holdings Limited 

('Cathay' or 'the Company') 

Directorate Change

Cathay is pleased to announce the appointment of Mr Sum Soon Lim and Mr Toong Kenneth Ken Kwok to the Board of Directors with immediate effect. Mr Sum and Mr Toong were appointed by resolutions passed at the Company's Annual General Meeting on 30 April 2009.

Mr Sum has been appointed as non-executive chairman and will chair the Company's Audit and Remuneration Committees. He brings to the Board his expertise in the financial industry, having worked with the Singapore Economic Development Board, DBS Bank, J.P. Morgan Inc., Overseas Union Bank and Nuri Holdings (S) Pte Ltd, a private equity investment company, and served as a corporate adviser to Temasek Holdings and Singapore Technologies. Currently the Chairman and Director of Times Development, Mr Sum also sits on the boards of Singapore Press Holdings Limited, Singapore Health Services Pte Ltd., and Singapore Technologies Telemedia Pte Ltd. He was a member of the Singapore Securities Industry Council from 1998 to 2005. Mr Sum is also a director of Yantai Raffles Shipyard Ltd which operations are based in Yantai and which is the largest builder of semi-submersible drilling rigs in the China. Mr Sum holds a Bachelor of Science (Hons) in Production Engineering from the University of Nottingham in England.

Mr Toong, who has been appointed as an independent director,and a member of the Company's Audit and Remuneration Committees, has over 30 years of experience in the banking industry. He recently retired from Deutsche Bank AG where he held the position of Deputy Head of Asia and Head of North Asia, Private Wealth Management. Prior to joining Deutsche Bank, Mr Toong spent 22 years with J.P. Morgan with assignments in Singapore, New York, Toronto, Brussels and Hong Kong. He worked in various businesses including corporate credit and lending, operational services, investment banking and private banking. Mr Toong holds a BA degree in Microbiology and an MBA degree in Marketing and Finance from Southern Illinois University.

The Company confirms that Mr James Buchanan and Mr John Cosson resigned at the Annual General Meeting and did not offer themselves for re-appointment. The Board would like to thank Mr Buchanan and Mr Cosson for their hard work and wish them the best for the future.

Listing Rules Disclosures

Mr Sum Soon Lim holds, or has in the last five years held, the following directorships:

DETAILS OF PRESENT DIRECTORSHIPS
From	To	Company	Country of Incorporation	Role
15 Jan 1996	Present	Singapore Technologies Telemedia Pte Ltd	Singapore Private	Independent director
1 Sept 1998	Present	STT Communications Ltd	Singapore Public non-listed	Independent director Chairman, Audit Committee
15 April 2000	Present	Singapore Health Services Pte Ltd	Singapore (Government health care system)	Independent director Chairman, Audit Committee Member, Investment Committee Member, IT Committee
1 Nov 2001	Present	Singapore National Eye Centre Pte Ltd	Singapore (Government hospital)	Independent director
1 Nov 2001	Present	National Heart Centre of Singapore Pte Ltd	Singapore (Government hospital)	Independent director
1 Nov 2001	Present	Changi General Hospital Pte Ltd	Singapore (Government hospital)	Independent director
1 Nov 2001	Present	KK Women's & Children's Hospital Pte Ltd	Singapore (Government hospital)	Independent director
5 Dec 2003	Present	Singapore Press Holdings Limited	Singapore Public -listed	Independent director Member, Executive Committee
1 April 2004	Present	National Neuroscience Institute of Singapore Pte Ltd	Singapore (Government hospital)	Independent director
1 Sept 2006	Present	Times Development Pte Ltd	Singapore Private	Chairman & Non-executive director
24 Jan 2007	Present	Yantai Raffles Shipyard Ltd	Singapore Public -listed	Independent director Chairman, Audit Committee

DETAILS OF PAST DIRECTORSHIPS IN THE LAST 5 YEARS
From	To	Company	Country of Incorporation	Role
1 April 1999	Feb 16, 2005	Vertex Venture Holdings Ltd	Singapore public non-listed	Non-executive director Member, Audit Committee
1 April 1999	Feb 16, 2005	Vertex Technology Fund (II) Ltd	Singapore  Private	Non-executive director
1 April 1999	Feb 16, 2005	Vertex Management (II) Pte Ltd	Singapore  Private	Non-executive director
6 Feb 2003	Feb 16, 2005	Asia Financial (Singapore) Pte Ltd	Singapore  Private	Non-executive director
10 April 2003	Feb 16, 2005	Asia Financial (Indonesia) Pte Ltd	Singapore  Private	Non-executive director
23 Oct 1998	1 August 2005	CapitaLand Ltd	Singapore  Public listed	Non-executive director Chairman, Risk Management Committee Member, Audit Committee
1 Jan 1998	Dec 31, 2005	Securities Industry Council	Singapore  Securities Industry Watchdog	Member
23 Feb 1994	26 April 2006	Chartered Semiconductor Manufacturing Ltd	Singapore  Public listed	Non-executive director Member, Audit Committee
12 Feb 2001	26 April 2006	Green Dot Capital Pte Ltd	Singapore Private	Non-executive director Member, Audit Committee Member, Investment Committee
9 Feb 2004	1 August 2006	CapitaCommercial Trust Management Ltd	Singapore  Public listed	Chairman & Non-executive director
27 Dec 2002	25 August 2008	PT Indosat Tbk	Indonesia Public listed	Commissioner Chairman, Risk Management Committee

There are no details to be disclosed under paragraph 9.6.13 in respect of Mr Kenneth Ken-Kwok Toong.

There are no further details to be disclosed under paragraph 9.6.13 of the Listing Rules.

For further information please contact:

Stephen Hunt

Cathay

Tel: +852 2828 9289

ENDBOAVFLBBKEBLBBK

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