Mr   Chan,   aged   53,    was    appointed   as   an   independent non-executive director of the Company in September 2004.  He is the Chairman of the Company’s Audit Committee and Share Repurchase Committee and a member of the Company’s Compliance Committee and Remuneration Committee (alternate to Mr Kwok Shiu Keung, Ernest).  Mr Chan has over 30 years’ experience in auditing, accounting and financial management services.  He graduated from The Hong Kong Polytechnic University and is a fellow member of both the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants, as well as an associate member of the Institute of Chartered Accountants in England and Wales.  Mr Chan is a partner of Messrs Ting Ho Kwan & Chan, Certified Public Accountants.  He is also an independent non-executive director of China Oil Resources Holdings Limited (formerly known as Wing Shing International Holdings Limited) (00850.HK).