BOARD CHANGES AT THE AGENCY FOR SCIENCE, TECHNOLOGY & RESEARCH AND COMPETITION COMMISSION OF SINGAPORE

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BOARD CHANGES AT THE AGENCY FOR SCIENCE, TECHNOLOGY & RESEARCH AND COMPETITION COMMISSION OF SINGAPORE The Ministry of Trade and Industry (MTI) today announced board appointment changes at the Agency for Science, Technology & Research (A*STAR) and the Competition Commission of Singapore (CCS). New Appointments 2. MTI has appointed one new member to the Board of A*STAR and three new members to the Board of CCS. These appointments will take effect from 1 August 2016. New Board Member (A*STAR) Mr Quek Gim Pew, Chief Defence Scientist, Ministry of Defence (MINDEF) New Board Members (CCS) Professor Euston Quah, Head, Department of Economics, Nanyang Technological University (NTU) Professor Wong Poh Kam, NUS School of Business Mr Kan Yut Keong, Retired Accountant, PricewaterhouseCoopers In Appreciation 3. Professor Quek Tong Boon, former Chief Defence Scientist at MINDEF, will step down from the A*STAR Board upon the completion of his term on 31 July 2016. 4. MTI would like to thank Professor Quek for his contributions and welcome the new board members to A*STAR and CCS. (A write-up of the new board members and the full list of Board Members of A*STAR and CCS can be found in Annex A and Annex B respectively.) MINISTRY OF TRADE AND INDUSTRY 29 July 2016 1

For media queries, please contact: Ms Jasmine Tan Ee Ling Senior Assistant Director, Corporate Communications Division Ministry of Trade and Industry Tel: 6332 5080 / 9450 0387 Email: jasmine_tan@mti.gov.sg Ms Doris Yang Assistant Manager, Corporate Communications Tel: 6419 6525 Email: yangscd@scei.a-star.edu.sg Ms Grace Suen Assistant Director, Communications International and Strategic Planning Division Competition Commission of Singapore Tel: 6325 8216/ 9835 8601 Email: grace_suen@ccs.gov.sg 2

Annex A A*STAR - New Board Member Mr Quek Gim Pew ( 郭锦彪 ) Chief Defence Scientist, Ministry of Defence Mr Quek Gim Pew is the Chief Defence Scientist of the Ministry of Defence (MINDEF). He graduated from the National University of Singapore with a Bachelor of Engineering (1 st Class Honours) in Electrical Engineering in 1981, and a Master of Science (Distinction) in Electrical Engineering from the Naval Postgraduate School, USA in 1986. In his career, he has held various appointments in the defence and technology community including Director of R&D at the Ministry of Defence and the Deputy Chief Executive (Technology) of the Defence Science and Technology Agency Board (DSTA). He was the Chief Executive Officer of DSO from 1 Feb 2004 to 30 June 2016. He sits on various boards of organisations, institutions and directorship of companies. He is a member of the A*STAR Executive Committee, DSTA, DSO National Laboratories and the Singapore Technologies Engineering Ltd Board. He is also a member of the National Supercomputing Centre Steering Committee, the Governing Board for the Singapore Synchrotron Light Source. He chairs the Temasek Laboratories at NUS, NTU and SUTD, the TSDI in NUS and the National Cybersecurity R&D Lab. He is also a Fellow of the Academy of Engineering, Singapore, a Member of the Institute of Leadership in the NUS Faculty of Engineering and an Adjunct Professor in the NUS Department of Electrical and Computer Engineering. Mr Quek was presented the Defence Technology Prize (Individual) in 1982. He was also conferred the Public Administration Medal (Gold) in 2007 and the NUS Distinguished Engineering Alumni Award in 2014. 3

A*STAR Board Members (with effect from 1 August 2016) Chairman Mr Lim Chuan Poh Chairman, Agency for Science, Technology and Research (A*STAR) Deputy Chairman Professor Tan Chorh Chuan President, National University of Singapore Members Dr Raj Thampuran Managing Director, Agency for Science, Technology & Research (A*STAR) Professor Sir George Radda Chairman, Biomedical Research Council, A*STAR Professor Sir John O Reilly Chairman, Science and Engineering Research Council, A*STAR Dr Sun Shih-Wei Chairman, Sunterprise Ltd Mr Bruce Brown Retired Chief Technology Officer, Procter & Gamble Dr William Chin Executive Vice President, Scientific and Regulatory Affairs, PhRMA Dr Tatsumi Yamazaki Distinguished Advisor, Chugai Pharmaceutical Co. Ltd Professor Jonathan Knowles Finnish Distinguished Professor, Institute for Molecular Medicine Finland FIMM Professor Isaac Ben-Israel Chairman, Israel Space Agency Professor Sir Keith O Nions Chairman, Cambridge Enterprise Professor Chong Tow Chong Provost, Singapore University of Technology and Design Mr Ong Boon Hwee Chief Executive Officer, Stewardship Asia Centre Pte Ltd 4

Professor Bertil Andersson President, Nanyang Technological University Mr Yeoh Keat Chuan Managing Director, Singapore Economic Development Board Mr Lam Yi Young Deputy Secretary (Policy), Ministry of Education Ms Tan Li San Deputy Secretary (Industry & Information), Ministry of Communications and Information Mr Yee Ping Yi Deputy Secretary (Policy), Ministry of Finance Mr Quek Gim Pew Chief Defence Scientist, Ministry of Defence 5

Annex B CCS - New Board Members Professor Euston Quah ( 柯仲佑 ) Head, Division of Economics, Nanyang Technological University Professor Euston Quah is the Head, Department of Economics; Deputy Chair, Sustainable Earth Office and Chairman of the Senate Committee on University Policy Matters at NTU. He is also an Adjunct Principal Research Fellow of the Institute of Policy Studies at NUS, the Editor of the Singapore Economic Review, as well as the President of the Economic Society of Singapore. Professor Quah has published over 100 papers in major internationally refereed journals, such as the World Development, Environment and Planning, Applied Economics, Journal of Economics, Journal of Public Economic Theory, Journal of Environmental Management, Impact Assessment and Project Appraisal, American Journal of Economics and Sociology, Bulletin of Economic Research, European Journal of Law and Economics and International Review of Law and Economics, among others. His work on Cost-Benefit Analysis was published by the Oxford University Press in 2013. In 2014, Professor Quah was elected as President of the Asian Law and Economics Association. In respect of his industry and entrepreneurial experience, Professor Quah has provided consultancy services, particularly for PricewaterhouseCoopers, Economica (Canada), the World Bank and the Asian Development Bank. He advises the Singapore Government in various Ministries and was a Member of the Economic Strategies Sub-Committee on Energy and the Environment. He also previously served on the Committee of the Fare Review Mechanism of the Ministry of Transport. He presently sits on the Boards of Energy Market Authority, the Energy Studies Institute at NUS, and the Complaints Committee of the Singapore Medical Council in addition to the NTU-National Health Group Ageing Research Evaluations Committee. Professor Wong Poh Kam ( 黄宝金 ) Professor, NUS School of Business Professor Wong is a Professor at the NUS School of Business where he teaches entrepreneurship and innovation strategy with a special focus on Asia. He is concurrently the Director of the NUS Entrepreneurship Centre, where he spearheads the university s experiential entrepreneurship education programme and oversees the NUS Enterprise Incubator which provides incubation space, seed funding, mentorship and network connections to early stage investors for start-ups by NUS students, professors and alumni. 6

He has published extensively in numerous internationally refereed journals on innovation policy, industrial and competitiveness policy and technology entrepreneurship. He has also consulted widely for international agencies, various government agencies in Singapore and high tech firms in Asia. He was a Fullbright Visiting Scholar at U.C. Berkeley, a visiting scholar at Stanford University, a senior visiting scholar at Oxford University and a Pacific Leadership Fellow at UCSD. Professor Wong has been an active angel investor in more than a dozen tech start-ups in Silicon Valley, Singapore, China and India. He was the founding chairman of Business Angel Network (Southeast Asia) and Asia Business Angels Forum. He received the Public Administration Medal (Silver) Award in 2013, and the Entrepreneur for the World Award (Educator Category) from the World Entrepreneurship Forum in 2015. Mr Kan Yut Keong ( 简悦强 ) Retired Accountant, PricewaterhouseCoopers Mr Kan has more than 32 years of experience in professional accounting, corporate finance and consultancy in the Asian region and the United Kingdom (UK). After graduating from the University of Hull in the UK, with Bachelor of Science in Economics (Honours), he articled with Grant Thompson in London and was subsequently admitted as a chartered accountant of the Institute of Chartered Accountants in England & Wales. He was also admitted as a member of the Institute of Certified Public Accountants of Singapore and the Malaysian Institute of Accountants. On returning from the UK, Mr Kan joined PricewaterhouseCoopers in Singapore where he built a new business unit to focus on corporate finance activities. In 2002, PricewaterhouseCoopers Corporate Finance Pte. Ltd. was formed arising from the growth of the corporate finance business, a separate business entity. The Corporate Finance Unit was involved mainly in projects ranging from mergers & acquisitions, corporate restructuring, business valuations, financial and market due diligence, private fund raising, initial public offerings and other corporate advisory services such as acting as independent financial advisors. Mr Kan was the Managing Director of the Unit until his retirement from the partnership in June 2014. 7

CCS Board Members (with effect from 1 August 2016) Chairman Mr Aubeck Kam Permanent Secretary, Ministry of Communications and Information and Ministry of Manpower Members Mr Toh Han Li Chief Executive, CCS Professor Phang Sock Yong Vice Provost (Faculty Matters) & Celia Moh Professor of Economics, Singapore Management University Professor Tan Cheng Han, S.C. Chairman, Centre for Law & Business (Faculty of Law), National University of Singapore (NUS) Dr Andrew Khoo Cheng Hoe Deputy Managing Director (Corporate Development), Monetary Authority of Singapore Ms Chia Aileen Assistant Chief Executive & Director-General (Telecoms & Post), Infocomm Development Authority of Singapore (IDA) Mr Wong Yew Meng Retired Partner, PricewaterhouseCoopers Mr Andrew Tan Chief Executive, Maritime and Port Authority of Singapore (MPA) Ms Mavis Chionh Sze Chyi, S.C. Chief Prosecutor, Criminal Justice Division and 3rd Solicitor-General, Attorney- General s Chambers Professor Euston Quah Head (Economics Department), Nanyang Technological University (NTU) Professor Wong Poh Kam Professor, School of Business, Lee Kuan Yew School of Public Policy Mr Kan Yut Keong Retired Accountant, PricewaterhouseCoopers 8