Mr HUI Wan Fai has been the managing partner of PAG (formerly known as Pacific Alliance Group) since 2012. Mr HUI has previously served Blackstone Group as a managing director. Mr HUI was a managing director of Mellon HBV Alternative Strategies LLC, a New York based hedge fund under Mellon Bank, from 2005 to 2006, where he acted as the head of the non-performing assets investment department for China. Mr HUI obtained a bachelor’s degree in Business Administration from University of Hong Kong in 1998 and a master’s degree in International and Public Affairs from University of Hong Kong in 2002. He also obtained a master’s degree in Business Administration from INSEAD in 2004. Mr HUI holds the qualifications of Certified Public Accountant from the Association of Chartered Certified Accountants, UK, Chartered Financial Analyst from CFA Institute, USA and Chartered Company Secretaries from the Hong Kong Institute of Chartered Secretaries. Mr HUI was appointed as our independent non-executive director on 1 April 2012.