Mr. Thaddeus Thomas BECZAK, aged 60, is an Independent Non-executive Director of the third session of the Board.

Mr. Beczak has been an Independent Non-executive Director of the Board since 1 February 2005. From 1997 to 2002, Mr. Beczak was the Chairman of the Listing Committee of the Stock Exchange, and he was a member of the board of directors of the Stock Exchange from 1998 to 2001. From June 2001 to May 2007, Mr. Beczak was a member of the Advisory Committee of the Securities and Futures Commission in Hong Kong (the “SFC”). By being the former Chairman of the Listing Committee of the Stock Exchange and a member of the Advisory Committee of the SFC, Mr. Beczak has gained extensive experience in analyzing and scrutinizing financial statements of public companies in Hong Kong, and reviewing and implementing a variety of corporate governance measures. He is also a member of the International Advisory Committee of the China Securities Regulatory Commission.

Mr. Beczak has over 30 years of business experience in Asia. He joined J.P. Morgan Inc. in 1974. He was then appointed as the Managing Director of J.P. Morgan Inc. in 1998 and the President of J.P. Morgan Securities Asia. He worked in New York, London, Tokyo and Hong Kong. From 1992 until 1997, he was a committee member of the Hong Kong Association of Banks and a director and the Chairman of the Audit Committee of the Bank of the Philippine Islands Limited. From 1997 until 2003, he was a director of Kerry Holdings Limited specializing in affairs related to corporate finance, management and treasury activities. He also oversaw the activities of all the financial officers of the listed subsidiaries of the Kerry group. Moreover, he also held the positions of Deputy Chairman of Shangri-La Asia Limited and Director of Kerry Properties Limited, Kuok Philippines Properties Inc., and China World Trade Center Limited and SCMP Holdings Limited. Mr. Beczak was the Independent Non-executive Director of Namtai Electronic & Electrical Products Limited . He was also the Senior Advisor of Nomura International (Hong Kong) Limited and the Chairman of Nomura Asia Holdings N.V.

He is currently the Chairman of Cowen Latitude Advisors Limited and the Vice Chairman of Cowen and Company, LLC. He is also an independent non-executive director of Arnhold Holdings Limited, Phoenix Satellite Television and Pacific Online Limited.

Mr. Beczake is a graduate of Georgetown University (B.S.F.S.) and Columbia University (M.B.A.). He is also an Adjunct Professor of the MBA Program of The Hong Kong University of Science and Technology.