Directors of the Commission

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EXECUTIVE DIRECTORS

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Anthony Francis Neoh, SC,JP Chairman

Senior Counsel, 1990; Member, Hospital Authority, 1990-1995; Vice-Chairman, Council of the Chinese University of Hong Kong, 1995; Formerly, Member of the Council, Hong Kong Stock Exchange, 1991-1994; Practice at the Hong Kong Bar, 1979-1995 and California Bar, 1984 -1995; Administrative Officer, Hong Kong Government 1969 - 1979.

Laura M Cha, JP Deputy Chairman (from 1 January 1998) and Executive Director (Corporate Finance) Council Member, Hong Kong University of Science and Technology; Formerly Senior Director of Corporate Finance, SFC, 1991 - 1994; Attorney, Coudert Brothers, Hong Kong, 1985 - 1990; Pillsbury, Madison and Sutro, San Francisco, 1982 - 1984.

Michael Wu Wai Chung, JP Deputy Chairman and Chief Operating Officer (to 31 December 1997) Formerly Executive Director, Intermediaries, SFC, 1992-1994; Senior Director of Licensing and Supervision of Markets, SFC, 1989-1992; Administrative Officer, Hong Kong Government, 1982-1989; Trade Officer, Hong Kong Government, 1972-1982.

David J White, JP Executive Director (Supervision of Markets) Formerly Director, Derivatives and Market Development, Australian Stock Exchange, 1992-1995; Executive Director, Operations, County Natwest Investment Management Limited (London), 1990-1992; Group Finance and Operations Director, County Natwest Australia Limited; 1986-1990; Director and Group General Manager, Dominguez Barry Samuel Montagu (Sydney), 1983-1986; General Manager, Citicorp Australia Group, 1977-1983.

Mark Dickens, Executive Director (Enforcement)

Formerly, Senior Director of Corporate Finance, 1991-1996; various senior positions with Australian National Companies and Securities Commission, including General Counsel and Senior Director, Market Supervision, 1980-1991.

Andrew Procter, Executive Director (Intermediaries and Investment Products) (from 1 January 1998) Formerly Senior Policy Advisor to the Commission, SFC, 1997; National Enforcement Coordinator and Acting Commission Member, Australian Securities Commission, 1992-1996.

NON-EXECUTIVE DIRECTORS

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The Hon Ronald Arculli, JP

Member, Provisional Legislative Council, HKSAR, since December 1996; appointed Member, Legislative Council, December 1988; Legislative Council Member representing the Real Estate and Construction Functional Constituency, 1991 and 1995; Chairman, HK Award for Young People (formerly the Duke of Edinburgh's Award Council), Sir Edward Youde Memorial Fund Council and General Disciplined Services Sub-Committee; Member, Ocean Park Corporation Board, Air Transport Licensing Authority, Hong Kong Mortgage Corporation; Steward, Hong Kong Jockey Club; Partner of a firm of solicitors in Hong Kong; Director of several publicly listed companies in Hong Kong.

Roderick E D Chalmers

Chartered Accountant; Managing Partner, Coopers & Lybrand Hong Kong.

Ronnie C Chan

Chairman, Hang Lung Development Group; Director, Morningside/Springfield Group; Non-Executive Director of several publicly listed companies, including Standard Chartered PLC, Enron and Motorola; Vice President, Real Estate Developers Association of Hong Kong; Chairman, HK-US Economic Cooperation Committee; Chairman, Asia Society-Hong Kong Centre; Council Member, Hong Kong University of Science and Technology.

Vincent Cheng Hoi Chuen, OBE, JP (to August 1997)

Executive Director, Hongkong and Shanghai Banking Corporation; Managing Director, Hang Seng Bank Limited; Chairman, Mandatory Provident Fund Advisory Board; Member, Economic Advisory Committee; Member, Industry and Technology Development Council; Director, Great Eagle Holdings Limited.

Henry H L Fan

Managing Director, CITIC Pacific Limited; Deputy Chairman, Cathay Pacific Airways Limited; Director; CLP Holdings Limited; Member, Services Promotion Strategy Group; Member, Advisory Committee on Corruption; Member, Standing Committee on Company Law Reform; Member, University Grants Committee and the Council of the University of Hong Kong.

Robert G Kotewall, SC

Senior Counsel, 1989; Chairman, Occupational Retirement Schemes Appeal Board; Member, Standing Committee on Company Law Reform; Member, Subcommittee on Civil Evidence of Law Reform Commission; Member, Fight Crime Committee; Member, High Court Rules Committee; Member, Appeal Board on Public Meetings and Processions; Member, Witness Protections Appeal Board; Member, Banking Advisory Committee; Member, Medical Council; Recorder, Court of First Instance of the High Court; Member, Basic Law Promotion Steering Committee.