Established since 1995 and listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 30 June 2008, China Fibretech Ltd. (“China Fibretech” or the “Group”) is a pure play fabric processing service provider in the People’s Republic of China (the “PRC”).

Based in Shishi City in the Fujian Province, PRC, China Fibretech is principally engaged in the provision of dyeing and post-processing treatment services for cotton, polyester (including spandex) and mixed knitted fabrics. Post-processing treatment imparts special functionalities such as water and fire-resistance, UV-protection, moisture wicking, anti-static and antibacterial properties and enables us to produce velvet and polar fleece fabric. China Fibretech’s customers are mainly fabric trading companies and garment producers located in the Fujian Province, PRC, whose products are primarily sold in the PRC domestic market.

Prominently located between the city of Guangzhou and Xiamen Special Economic Zone, Shishi City occupies an area of 160 sq. km with a coastline of approximately 67.7 km and a population of 296,000. Shishi City has developed a chain of industries that encompasses textile, dyeing, production of auxiliary materials and marketing, with garment processing at the core. As viewed by China’s garment industry, Shishi is not only famous for manufacturing casual wear in China, it is also one of top three national children’s wear manufacturing bases as well as a manufacturing base for trousers in China. There are more than 10,000 garment production enterprises in Quanzhou textile and garment zone which surrounds Shishi City, thereby forming a huge garment industry cluster in China.
   

Mr Wu Xinhua is the Executive Chairman and CEO of the Group. He was appointed to the Board on 27 July 2007. He is also the founder of the Group and has been spearheading the expansion and growth of the Group. Mr Wu has over 16 years of experience in the dyeing industry and is responsible for the operations, marketing, public relations, strategic planning and development of new services and markets and overall running of the Group. In addition to his appointment in the Group, Mr Wu is presently the Vice-President of Shishi Chamber of Commerce, Honorary President of Shishi City Trustworthiness Association, council member of Quanzhou Textile Association, Honorary Director of Quanzhou Normal University, Deputy Chairman of Shishi Sixth Middle School and Director of Shishi City Jinting Primary School. Mr Wu has also

been a committee member of Shishi City’s Political Consultative Committee since 1999. Mr Wu obtained a certificate in business administration from Qinghua University in December 2006.

Ms Gao Yan is the Executive Director and COO of the Group. Ms Gao joined the Group in 2004 as the General Manager. She was appointed to the Board on 25 March 2008. Ms Gao is responsible for the general administration of the Group and for assisting the Executive Chairman and CEO, Mr Wu Xinhua, in the day to day management of the Group’s production and business. Ms Gao obtained a twin Bachelors degree in Economics and Science from Jiangxi University of Finance and Economics in 1997.

 

   

Lim Yoke Hean joined the Group on 30 July 2012 as its lead independent director. He was appointed as Chairman of the Audit Committee and member of the Nominating and Remuneration Committee. Currently he is the advisor and director of Aljo Consults (Singapore) Pte Ltd, a management consultancy firm incorporated in 2007. He is also an independent director of World Precision Machinery Ltd which is listed on SGX-ST. Mr Lim has a 30 year-career in the financial sector which began as an Economist with the Monetary Authority of Singapore. He then became a Corporate Banker with DBS Bank before moving to the investment banking arena as a Senior Investment Manager with DBS Asset Management. Subsequently he spent 13 years with Merrill Lynch and left the global investment bank as one of its Managing Directors in the Global Markets and Investment Banking Division. For 6 years to 2010, he was a Dealing Director with OCBC Securities, responsible for corporate client businesses and capital market transactions. He then took up the position of executive director and chief executive officer of Pheim Asset Management (Asia) Pte Ltd. Mr Lim graduated from Singapore University in 1979 with a 1st class honours in Bachelor of Science (Mathematics).

 

Mr. Low Wai Cheong was appointed as the Company’s Independent Director on 4 May 2011. He is also the Chairman of the Remuneration Committee, Chairman of the Nominating Committee and a member of the Audit Committee. Mr. Low is a practising advocate and solicitor of the Supreme Court of Singapore, and heads the Corporate Finance and Securities Practice at Singapore law firm Chris Chong & C T Ho Partnership.

 

 

 

His practice areas cover the legal and regulatory aspects of Capital Markets, Corporate Finance & Securities, as well as Company Restructurings & Corporate Rescues. He is also a trainer/lecturer for corporate governance courses conducted by the Singapore Chinese Chambers Institute of Business.
Mr. Low graduated from the National University of Singapore with a Bachelor of Laws and a Masters of Law Degree. Mr. Low is also a non-practicing solicitor of the Supreme Court of England and Wales, and of the Supreme Court of New South Wales, Australia.

 

Mr Wu Dezhi is the Non-Executive Director of the Group. He was appointed to the Board on 27 July 2007 and redesignated as a Non-Executive director on 15 June 2009. Mr Wu joined our Group in 2002 and was responsible for the procurement of raw materials and supplies (including assessment and selection of our Group’s suppliers) and the inventory management of our Group. Mr Wu has over six years of experience in the dyeing industry. Prior to joining our Group, Mr Wu was involved in his own construction material trading business from 1996 to 2002. Mr Wu Dezhi is the uncle of our Executive Chairman and CEO, Mr Wu Xinhua.

 

Mr Lin Qingguo was appointed as a Non- Executive Director to the Board on 25 March 2008. Mr Lin is presently a professor of economics and doctoral supervisor (national economy studies) in Xiamen University’s School of Economics and deputy editor of the Journal of Xiamen University (Philosophy and Social Sciences). Mr Lin graduated from Xiamen University in 1982 majoring in economics and statistics.

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