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Board Of Directors & Key Executive

Mr Cheung Wai Suen - Executive Chairman

Mr Cheung Wai Suen was appointed to the Board with effect from 16 March 2016 and was re-designated to Chairman of the Board on 28 February 2018. He brings with him more than 30 years of experience in China’s civil engineering and construction sector.

Mr Cheung has been an executive director of Ranken Railway Construction Group Co., Ltd (“Ranken Railway”) since 1998, he continues to be the Chairman of Ranken Railway and is responsible for strategic development, enterprise integration, team building, major coordination and other overall aspects. He is also the Chairman of Chengdu Kai Qi Rui Business Management Co., Ltd and Sichuan Yilong Equipment Co., Ltd.

Mr Cheung holds a Bachelor of Law from Renmin University of China and an Executive MBA from Peking University’s Guanghua School of Management.

Mr Cheung was last elected as a Director of the Company on 28 April 2022.

Ms Wang Heng - Chief Executive Officer and Executive Director

Ms Wang Heng was appointed to the Board with effect from 16 March 2016 and re-designated as Chief Executive Officer on 15 December 2017. She is a co-founder and executive director of Ranken Railway Construction Group Co., Ltd. (“Ranken Railway”). She is also a director of Chengdu Kai Qi Rui Business Management Co., Ltd and the Chairwoman of Chengdu Shengshi Jialong City Management Service Co., Ltd.

A qualified engineer and technician, Ms Wang started her career with CRB China, where she worked in engineering technology and marketing for almost 10 years before founding Ranken Railway. She has worked in the civil engineering sector for 31 years, and has accumulated a wealth of experience in urban mass transit. She specializes in strategic management, market expansion and resource integration. Under her leadership, Ranken Railway has a presence in 18 cities.

As a co-founder of Ranken Railway, Ms Wang is experienced with project tendering and bidding for small and large-scale civil engineering contracts in China. Ms. Wang is the Vice Chairman of Ranken Railway and is responsible for the company’s investment, operations and development. She is also responsible for organizing, implementing and completing targets and other matters set by the board of directors and the general manager’s office. She is in charge of the Investment and Development Department and the Design and Research Institute.

Ms Wang holds a Bachelor of Engineering from Southwest Jiaotong University with a major in Railway Engineering, as well as an Executive MBA from Tsinghua University.

Ms Wang was last elected as a Director of the Company on 29 June 2020.

Mr Oh Eng Bin - Non-Executive Lead Independent Director

Mr Oh Eng Bin was appointed to the Board with effect from 18 December 2017 and was redesignated as Lead Independent Director on 28 February 2018. He brings with him significant legal expertise, having practised since 1999.

Having been in legal practice for more than 20 years, Mr Oh practice focus is on Blockchain & DLT, Corporate Finance – in particular early/late stage private equity as well as public equity capital markets transactions such as IPOs and RTOs on the Singapore Exchange – and M&A. Mr Oh also advises on capital markets services licensing and compliance, and on a wide range of general corporate advisory work including joint ventures, corporate restructurings and debt restructuring.

Leveraging on his cross-disciplinary practice experience, Mr Oh has extensive experience advising Blockchain & DLT initiatives including security/non-security token offerings; DeFi, cryptocurrency; establishment and licensing of digital asset exchanges, OTC and other digital asset service providers; establishment and licensing of digital asset funds; and equity investments and M&A involving Blockchain & DLT initiatives.

Mr Oh is ranked Band 1 for Fintech Legal for Singapore by legal directory Chambers & Partners for 2019 and 2020 and is also recognised in legal directories Legal 500 for both Capital Markets and M&A and in IFLR1000 for Capital Markets: Equity and M&A as well as Financial & Corporate Law.

Mr Oh holds a Bachelor of Law degree (Honours) from the National University of Singapore and is admitted to the Singapore Bar.

Mr Oh was last elected as a Director of the Company on 29 June 2020.

Mr Jackson Tay Eng Kiat - Non-Executive Independent Director

Mr Jackson Tay Eng Kiat was appointed to the Board with effect from 24 October 2019.

Mr Tay has more than 18 years of experience in accounts and finance functions of various entities in the public and private sectors. Mr Tay is currently the Chief Operating Officer and Company Secretary of Hafary Holdings Limited Group (“Hafary”), a company listed on the Mainboard of the SGX-ST. He oversees Hafary’s operational and corporate secretarial functions, which includes business developments and investor relations. He also spearheads Hafary’s overall corporate and strategic development in Singapore and overseas.

Prior to his current role, Mr Tay was responsible for the preparation of Hafary’s financial results pursuant to the listing requirements of the rules of the Catalist Board. Subsequently, Hafary’s listing was transferred from the Catalist Board of the SGX-ST to the Main Board of the SGX-ST in 2013. In his previous role, Mr Tay was also involved in all financial and administrative matters of Hafary, including the implementation and maintenance of Hafary’s financial and management reporting system.

Mr Tay is also the Independent Director of OUE Lippo Healthcare Limited, which is a company listed on the Catalist Board of the SGX-ST.

Mr Tay holds a Bachelor of Accountancy (Minor in Marketing) degree from Nanyang Technological University, Singapore and is a member of the Institute of Singapore Chartered Accountants.

Mr Tay was last elected as a Director of the Company on 28 April 2022.

Prof Zhang Weiguo - Non-Executive Independent Director

Prof Zhang Weiguo was appointed to the Board with effect from 14 January 2022.

Prof Zhang is the founder of the Research Fund for Niche Behavioral Economics (RFNBE). He served as a visiting scholar and researcher in Simon Fraser University (Canada) between 2013 and 2021. His research focuses on strategic planning, organization management, business model innovation, and supply chain management.

Prof Zhang has rich business experience. He was the Director and GM of Shandong Shipping Corporation, a large state-owned company in China as well as a professor and doctoral supervisor at the College of Transportation Management, Dalian Maritime University, China. He is an expert in Chinese enterprises’ reform and development and has a deep understanding of China’s Corporation Law. He is a successful Angel investor and a well-known consultant for companies. He has also served as a director, independent director, or strategic advisor in a number of companies, including technology companies.

Prof Zhang holds a Bachelor of Marine Engineering Management from Dalian Maritime University, a Master of International Trade from Ocean University of China, a Master of Senior Business Administration from Peking University, and a Phd in Marxism Sinicization studies from Dalian Maritime University, China.

Prof Zhang was last elected as a Director of the Company on 28 April 2022.

Mr Foo Yong How - Chief Corporate Officer (Non-Board Member)

Mr Foo Yong How was appointed as Chief Corporate Officer (“CCO”) on 28 June 2018. Mr Foo has more than 15 years of experience in investment banking, business development and wealth management and he is responsible for assisting the CEO in key functions of the Group which includes the day-to day operation, formulation of strategic planning in mergers and acquisition, new business opportunities, corporate finance related activities and taking charge of the Group’s investor relations and corporate communication activities.

Prior to joining the Group in June 2018, Mr Foo was a Senior Director of Wise Torch Investment and he was also the General Manager of International Healthway Corporation Ltd (now known as OUE Lippo Healthcare Ltd), assisting the Board of Directors in the management and supervision of operations, financial management and marketing, as well as being part of the Interim Transition Committee, when the new Board of directors was appointed with the existing CEO being suspended of all executive functions and power.

He has also worked in UOB Kay Hian where he was involved in structuring both public and private deals in the investment banking field and international capital markets. Mr Foo has co-led numerous successful IPO deals in diverse sectors, such as real estate, medical and resources. He graduated with a BSc in Electrical Engineering from the National University of Singapore in 2003, and is a CFA® Charterholder.

He is also an Independent Director of Hafary Holdings Limited Group, a company listed on the Mainboard of the SGX-ST.