SINGHAIYI GROUP LTD.: ANNOUNCEMENT OF APPOINTMENT OF NON-EXECUTIVE CHAIRMAN

Announce of Appointment of Non-Executive Chairman
* Asterisks denote mandatory information
Name of Announcer *	SINGHAIYI GROUP LTD.
Company Registration No.	198803164K
Announcement submitted on behalf of	SINGHAIYI GROUP LTD.
Announcement is submitted with respect to *	SINGHAIYI GROUP LTD.
Announcement is submitted by *	Chan Tong Wan
Designation *	Executive Director
Date & Time of Broacast	22-Apr-2013 19:11:27
Announcement No.	00148
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

Date of Appointment *	22/04/2013
Name *	Neil Bush
Age *	58
Country of principal residence *	United States
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) *	Please refer to the Company's announcement on the proposed board changes to be released together with this announcement.
Whether appointment is executive, and if so, area of responsibility *	Non-Executive
Job Title *	Non-Executive Chairman
Working experience and occupation(s) during the past 10 years *	Please also refer to the Appendix. Since 1993 - Self Employed (Family Office) 2008 to present - Chairman of Nexus Energy Corporation 2008 to present - Chairman of ATX Oil (Domestic Energy) 2010 to present - Chairman of TX Oil (International Energy) 2010 to present - Chairman of Luoil, LLC 2011 to present - Director of American Pacific International Capital, Inc 2013 to present - Chairman of Great Texas Regional Center
Shareholding in the listed issuer and its subsidiaries *	None
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *	None
Conflict of interest *	Mr. Gordon Tang, the current Managing Director of the Company and Mr. Bush are fellow directors on the board of American Pacific International Capital, Inc.

>> Other Directorship #
# These fields are not applicable for announcements of appointments pursuant to Rule 704(9)
Past (for the last five years)	China Resources and Transportation Group Ltd (HK:0269) November 2010 to July 2012
Present	Nexus Energy Corporation - Chairman since 2008 American Pacific International Capital, Inc - Director since 2011 ATX Oil, LLC - Chairman since 2008 TX Oil, LLC - Chairman since 2010 Great Texas Regional Center - Chairman since 2013 Hoifu Energy Company Ltd. (HK:0007) since November 2012

>> 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?	Yes Please refer to the Appendix attached
(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	Yes Same as (i) above
(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?	Yes Same as (i) above

>> 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?	Yes
If yes, please provide details of prior experience	Hoifu Energy Company Ltd. (HK:0007) since November 2012 China Resources and Transportation Group Ltd (HK:0269) November 2010 to July 2012

Footnotes

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the Exchange. The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Exchange and the Exchange 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. Ong Hwee Li (Telephone: [phone]) at 1 Robinson Road, #21-02 AIA Tower, Singapore 048542.

Attachment(s)

20130422_191127_5CE_107637670653DCF348257B51003A3DAF.1.pdf