Clement Fung Siu To is the Chairman and a member of the Remuneration Committee of ASI. He is also the Chairman, an executive director and a member of remuneration committee of Asia Orient Holdings Limited (“Asia Orient”), and an executive director of its listed subsidiary, Asia Standard Hotel Group Limited (“Asia Standard Hotel”). Mr. Fung is also a director of certain subsidiaries of ASI. Mr. Fung is a holder of a Bachelor of Applied Science (Civil Engineering) degree and is also a fellow member of the Hong Kong Institution of Engineers. He joined ASI and its subsidiaries (together the “Group”) in 1988 and has over 35 years of experience in project management and construction. Mr. Fung is the uncle of Mr. Poon Hai and Mr. Poon Yeung, Roderick, both of them are Executive Directors of ASI. He is also the brother-in-law of Mr. Poon Jing, the Managing Director of ASI.