ANNOUNCEMENT OF APPOINTMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

* Asterisks denote mandatory information

Name of Announcer *: NICO STEEL HOLDINGS LIMITED
Company Registration No.: 200104166D
Announcement submitted on behalf of: NICO STEEL HOLDINGS LIMITED
Announcement is submitted with respect to *: NICO STEEL HOLDINGS LIMITED
Announcement is submitted by *: Sharon Yeoh
Designation *: Company Secretary
Date & Time of Broadcast: 28-Feb-2014 22:55:04
Announcement No.: 00401

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
Name of person *: XUE JING
Age *: 40
Country of principal residence *: China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) *: The Nominating Committee has recommended the appointment of Mr Xue Jing as Independent Director. The Board of Directors welcomes Mr Xue Jing to join the Board and approved his appointment based on his qualifications and work experiences.

Whether appointment is executive, and if so, the area of responsibility *

Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)

Independent Director, Chairman of Remuneration Committee, Chairman of Nominating Committee, Member of Audit Committee

Working experience and occupation(s) during the past 10 years *

Guo Tai Jun An Futures Co. Ltd, Beijing, China
(Sept 2012 to Date)
Managing Director, Deputy General Manager of Institutional Business Division
Launched the dedicated investment research on futures and other derivative products on equity index, treasuries and fixed income securities
Led the service team covering the institutional clients in China, including commercial banks, insurance companies, asset managers and trust companies

Shanghai Rich Capital Management, Shanghai, China
(Oct 2011 Sept 2012)
Director of Investment
Developed the overall investment and asset allocation strategy for the fund

BNY-Mellon Fund Management Ltd, Shanghai, China
(May 2009 Oct 2011)
Senior Research Analyst
Covered the stocks in the following sectors: financial services, real estate, transportation & logistics, agriculture, fishing & forestry

Guo Tai Jun An (Hong Kong) Ltd, Hong Kong
(Sept 2007 Mar 2009)
Director
Conducted investment banking and capital market services for China based companies

International Financial Network, Hong Kong
(May 2006 Aug 2007)
Vice President
Conducted investment banking and cross border M&A for China based companies, including pre IPO financing for Sino-Ocean Land Holdings (3377HK)

HSBC Global Capital Market, Hong Kong
(July 2004 Apr 2006)
Associate
Conducted investment banking and cross border M&A for China based companies, including IPO of Bank of Communications (3328 HK), Bunges acquisition of a local Chinese target, etc

Interest * in the listed issuer and its subsidiaries *

Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *

Conflict of interests (including any competing business) *

OTHER DIRECTORSHIPS

Past (for the last 5 years) *: 1. Guo Tai Jun An (Hong Kong) Ltd, Hong Kong
Present: 1. Guo Tai Jun An Futures Co. Ltd., Beijing, China

INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(H)

Disclose the following matters concerning an appointment of director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.
(a)* Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?: No
(b)* Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?: No
(c)* Whether there is any unsatisfied judgment against him?: No
(d)* Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?: No
(e)* Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?: No
(f)* Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?: No
(g)* Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?: No
(h)* Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?: No
(i)* Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?: No
(j)* Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i)* any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or: No
(ii)* any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or: No
(iii)* any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or: No
(iv)* any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?: No
(k)* Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?: No

INFORMATION REQUIRED PERSUANT TO LISTING RULE 704(7)(I)

Disclosure applicable to the appointment of Director only.

Any prior experience as a director of a listed company?

If no, please provide details of any training undertaken in the roles and responsibilities of a director of a listed company.

The Company will arrange for Mr Xue Jing to attend seminars and courses conducted by the Singapore Institute of Directors on the roles and responsibilities of a director of a listed company.

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