The Board of Directors of Far East Consortium International Ltd. announced that Mr. Cheong Thard HOONG and Mr. Chi Hing CHAN have been appointed as Executive Directors of the Board of the company with effect from August 31, 2012. Mr. HOONG joined the group in September 2008 as the Managing Director. Prior to joining the Group, Mr. HOONG was the chief executive officer of China LotSynergy Holdings Limited.

Mr. HOONG was an investment banker for over 12 years and had held senior positions at Deutsche Bank and UBS. Mr. HOONG is a director of various subsidiaries of the company. He is also a non-executive director of Kosmopolito Hotels International Limited, a director of AGORA Hospitality Group Co.

Ltd. and non-executive director of Land & General Berhad. Mr. CHAN has been the group's Chief Operating Officer since March 2004. He joined the company in 1990 as the group Chief Accountant and promoted as the group Financial Controller in 2002.

Mr. CHAN is a director of various subsidiaries of the company. He is a non-executive director of Kosmopolito Hotels International Limited and an independent non-executive director of Hidili Industry International Development Limited. Prior to joining the group, he was an audit manager of a big four international accounting firm with over ten years of audit experience.

Mr. CHAN became a member of the Hong Kong Institute of Project Management since February 2011.