HKCCMA - 2011-2012 EXECUTIVE COUNCIL

Dear Members,

I am pleased to announce that at the close of nomination on 9 January 2012, we have received in total nine (9) nominations for the upcoming term of Executive Council (EC). According to the Association's M&A, the EC is composed of a maximum of nine members, so accordingly the nine nominated members for the EC are uncontested and automatically elected. The 2011-2012 Executive Council will officially assume duty effective from the Annual General Meeting on 13 January 2012.

The elected EC members for 2011-2012 are as follow:

The 2011-2012 EXECUTIVE COUNCIL

Mr. Philip CHAN – Polo Ralph Lauren Asia Pacific Limited

Mr. Ricky CHAN - Future Electronics (HK) Limited

Mr. Germany HENG – SAL Insurance Brokers Limited

Mr. Stephen LO - Bayer MaterialScience Limited

Mr. Bobby R. ROZARIO - Alpha & Leader Risks and Assets Management Co. Limited

Mr. Paul TSANG – On Time Express Limited

Mr. Benedict WONG - Total Credit Management Services Hong Kong Limited

Ms Grace WONG – Coface Greater China Services Limited

Mr. Francis YEUNG

Congratulations to all the EC!

Yours sincerely,

For & On Behalf of Hong Kong Credit & Collection Management Association Limited

Germany Heng
Secretary