Andrew Yao Cho-Fai

Mr. Andrew Yao Cho-fai, JP, aged 50, was appointed as an Independent Non-executive Director of the Company in September 2004. Mr. Yao, graduated from the University of California, Berkeley and Harvard Graduate School of Business, is the Chairman of Hong Kong Shanghai Alliance Holdings Limited (formerly Van Shung Chong Holdings Limited)(a company listed on the Main Board of The Stock Exchange of Hong Kong Limited).