Lawrence Xin
Chairman

Mr. Xin successfully completed his postgraduate studies in Economics at Beijing University between 1978 and 1980 and became a visiting scholar at the Waseda University, Japan between 1980 and 1983, an honorary research associate at the University of British Columbia, Canada during 1983 and 1984 and a visiting fellow at the Australia National University, Australia in 1985. He is an independent investor with over 20 years of experience in Investment Banking in the PRC, Hong Kong and Australia. He was a Senior Financial Adviser to Potter Warburg, Australia from 1985 to 1989 and Hambros, Australia, from 1993 to 1996. He was also a Justice of Peace at New South Wales in Australia. His background in the PRC particularly Beijing provides excellent relationship advantages for many of Asian Capital's clients. Mr. Xin sits on the boards of several listed companies in Hong Kong and overseas.

Patrick K.C. Yeung
Managing Director

Mr. Yeung's vast general and financial management experience covers many different industry sectors in diversified conglomerates in Hong Kong and Asia. Since 1985, he has focused on the areas of banking, merchant banking, securities and listed corporations. While a director with the Asian merchant banking and stock-broking units of the Standard Chartered Banking Group, where he spent a total of 8 years, Asia Money named him a "Merchant Banker of the Year" in 1990.

Apart from being a fellow member of several professional bodies in the United Kingdom and in Hong Kong, Mr. Yeung was a Council member of the Hong Kong Society of Accountants (now Hong Kong Institute of CPAs) for 8 years. He has been elected President of CPA Australia's Hong Kong China Division for 2005/06. Apart from professional activities, he was appointed by the Hong Kong Government to be a member of the Insider Dealing Tribunal, two Investment Advisory Committees and Advisory Committee on Travel Agents.

Mr.Yeung is a member of the Advisory Boards of three universities in Hong Kong and is an Adjunct Professor in the School of Accounting and Finance with the Hong Kong Polytechnic University, and more recently, is appointed as Chairman of the Advisory Committee on Accounting & Finance of the university. Also, he is currently the Treasurer and member of the Council of Lingnan University. He also served as the President of the Rotary Club of Hong Kong in 2005/6, and is currently an Assistant Governor (Area 2) of Rotary International District 3450 comprising Hong Kong, Macao and Mongolia.

Gerard J. McMahon
Senior Advisor

Mr. McMahon has been admitted to practise as a barrister in Hong Kong and New South Wales, Australia, having originally commenced his legal career in Australia in 1969. In the 25 years he has been in Hong Kong, he has been the head of the Government's Commercial Law Practice prior to his appointment as the first Chief Counsel, and subsequently as a member, of the Securities and Futures Commission. He has been a member of the Hong Kong Takeovers and Mergers Panel and Legal Advisor to Hong Kong's Securities Review Committee and Insider Dealing Tribunal. He was also the Commission's representative on the Hong Kong Standing Committee on Company Law Reform. Since leaving the Commission at the end of 1996, he has been appointed director in publicly listed companies in Hong Kong and overseas, including Hong Kong's best known stockbroker, Sun Hung Kai & Co., Limited and the Hong Kong Chinese Bank. Since 1999, he has been a director of Guangnan (Holdings) Limited, which is part of the Guangdong Enterprises Group. He has also been Commissioner (non-executive director) of PT Ciptadana Sekuritas, one of Jakarta's leading stock-broking houses, and is presently the Chairman of Indonesian Growth Fund Limited, the leading Indonesian external fund. He is also Chairman of Oriental Technologies Investment Limited, which is listed on the Australian Stock Exchange.Mr. McMahon is a co-author of Longman's The Essential Guide to the Hong Kong Takeovers and Share Repurchases Codes, and has lectured at the University of Hong Kong and contributed articles to various professional publications. He has also been a director of the Hong Kong Institute of Directors Limited.