ASIA WATER TECHNOLOGY LTD.: ANNOUNCEMENT OF APPOINTMENT OF INDEPENDENT DIRECTOR WHO IS AN AUDIT COMMITTEE MEMBER

Announce of Appointment of Non-Executive Chairman of the Company as well as Chairman of Nominating Committee and a member of Audit and Remuneration Committees
* Asterisks denote mandatory information
Name of Announcer *	ASIA WATER TECHNOLOGY LTD.
Company Registration No.	200210042R
Announcement submitted on behalf of	ASIA WATER TECHNOLOGY LTD.
Announcement is submitted with respect to *	ASIA WATER TECHNOLOGY LTD.
Announcement is submitted by *	Ang Poh Seng
Designation *	Company Secretary
Date & Time of Broacast	24-Sep-2009 23:40:51
Announcement No.	00156
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

Date of Appointment *	23/09/2009
Name *	Yeo Guat Kwang
Age *	48
Country of principal residence *	Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) *	I am nominated based on my experience in corporate governance with the objective of ensuring shareholders' interests are protected and that the Company has effective controls.
Whether appointment is executive, and if so, area of responsibility *	No
Job Title *	Non-Executive Chairman of the Company as well as Chairman of Nominating Committee and a member of Audit and Remuneration Committees
Working experience and occupation(s) during the past 10 years *	See Annex
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 *	None
Conflict of interest *	None

>> Other Directorship #
# These fields are not applicable for announcements of appointments pursuant to Rule 704(9)
Past (for the last five years)	See Annex
Present	See Annex

>> 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?	Yes
If yes, please provide details of prior experience	See Annex in particular item 4 for the listed companies Mr Yeo is involved in.

Footnotes

The Company's Sponsor, SAC Capital Limited, has noted that Mr Yeo Guat Kwang is currently a member of Parliament for Aljunied GRC, the President of the Consumers Association of Singapore, and sitting on the board of 3 other SGX-listed companies (excluding Asia Water Technology Ltd.). Mr Yeo Guat Kwang has confirmed to the Sponsor that he is able to commit sufficient time to take on the role as independent director of the Company and is confident that he will be able to perform his duties with the best practices of the Code of Corporate Governance 2005. Note: 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 Huong Wei Beng (tel: [phone]) at 79 Anson Road #15-03 Singapore 079906.

Attachment(s)

20090924_234051_5GB_D3E638ED952130274825763B0049EE7A.1.pdf