FRIVEN & CO. LTD.: ANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

Announce of Appointment of Executive Director and Chief Executive Officer
* Asterisks denote mandatory information
Name of Announcer *	FRIVEN & CO. LTD.
Company Registration No.	198200473E
Announcement submitted on behalf of	FRIVEN & CO. LTD.
Announcement is submitted with respect to *	FRIVEN & CO. LTD.
Announcement is submitted by *	Ke Lihong
Designation *	Non-Executive Chairman
Date & Time of Broacast	23-Apr-2012 18:59:38
Announcement No.	00178
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

Date of Appointment *	23/04/2012
Name *	Xu Rongsen
Age *	34
Country of principal residence *	China
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) *	The appointment of Mr Xu Rongsen as an Executive Director and Chief Executive Officer was recommended by the Nominating Committee and approved by the Board, after taking into consideration his qualifications and working experience.
Whether appointment is executive, and if so, area of responsibility *	Yes. Responsible for the overall management of the Group's strategy, business, operation and financial matters.
Job Title *	Executive Director and Chief Executive Officer
Working experience and occupation(s) during the past 10 years *	January 2002 - May 2009 Director General Lingxiu Substation of Shishi City Local Taxation Bureau, Fujian Province of China May 2009 - January 2012 Deputy Director General Quangang Local Taxation Bureau, Fujian Province of China
Shareholding in the listed issuer and its subsidiaries *	No
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *	Mr Xu Rongsen is the husband of Ms Wu Lianhua and brother-in-law of Mr Zhang Zhize and Ms Shi Xiaohong.
Conflict of interest *	Nil

>> Other Directorship #
# These fields are not applicable for announcements of appointments pursuant to Rule 704(9)
Past (for the last five years)	No
Present	No

>> Information required under Rule 704(7)(h)
Disclose the following matters concerning a director, chief executive officer, general manager or other executive officer of equivalent rank. If the answer to any questions is "yes", full details must be given.
(a) * Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner?	No
(b) * Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency?	No
(c) * Whether there is any unsatisfied judgement against him?	No
(d) * Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such purpose?	No
(e) * Whether he has ever been convicted of any offence, in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach?	No
(f) * Whether at any time during the last 10 years, judgement has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation or dishonesty on his part)?	No
(g) * Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation?	No
(h) * Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation?	No
(i) * Whether he has ever been the subject of any order, judgement or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?	No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) * any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or	No
(ii) * any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or	No
(iii) * any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or	No
(iv) * any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere,	No
in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
(k) * Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?	No

>> Information required under Rule 704(7)(i)
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of a listed company?	No
If no, please provide details of any training undertaken in the roles and responsibilities of a director of a listed company	The Company will arrange for Mr Xu Rongsen to attend relevant training to familiarise himself with the roles and responsibilities of a director of a listed company.

Footnotes

Upon the appointment of Mr Xu Rongsen as an Executive Director and Chief Executive Officer of the Company, Ms Wu Lianhua shall resign from her position as the Chief Executive Officer and Mr Xu Rongsen shall assume the role of an Executive Director and Chief Executive Officer of the Company. Ms Wu shall remain as an Executive Director of the Company. This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street, #21-02 Equity Plaza, Singapore 049705, telephone [phone].