WEPCO LIMITED: ANNOUNCEMENT OF APPOINTMENT OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER

Announce of Appointment of Chairman and Chief Executive Officer
* Asterisks denote mandatory information
Name of Announcer *	WEPCO LIMITED
Company Registration No.	197300314D
Announcement submitted on behalf of	WEPCO LIMITED
Announcement is submitted with respect to *	WEPCO LIMITED
Announcement is submitted by *	Ng Kah Tie
Designation *	Director
Date & Time of Broacast	01-Feb-2011 07:37:36
Announcement No.	00014
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

Date of Appointment *	31/01/2011
Name *	Liew Siow Gian Patrick
Age *	53
Country of principal residence *	Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) *	The appointment is pursuant to the acquisition of HSR International Realtors Pte Ltd, which was approved by the members at the extraordinary general meeting ("EGM") held on 19 January 2011. The resolutions have been passed at the EGM.
Whether appointment is executive, and if so, area of responsibility *	Executive. He is responsible for the overall business strategy and development of markets of the HSR Group, as well as the strategic planning and overall management of the HSR Group.
Job Title *	Chairman and Chief Executive Officer
Working experience and occupation(s) during the past 10 years *	Chief Executive Officer of HSR International Realtors Pte Ltd
Interest in the listed issuer and its subsidiaries *	Direct Interest - 12,000,000 shares in Wepco Ltd allotted on 31 January 2011. Deemed Interest in the shares held by his spouse, Lim Sook Lin - 68,000,000 shares in Wepco Ltd allotted on 31 January 2011.
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries *	Spouse of Executive Director and Chief Operating Officer, Lim Sook Lin.
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)	Ascent Realty Pte. Ltd. Dexal Pte Ltd (Struck off) Paxel Development Pte. Ltd. (currently known as PPH Development Pte. Ltd.) Paxel Prestige Homes Pte Ltd Paxel Holdings Pte. Ltd. (currently known as PPH Holdings Pte. Ltd.) Success Resources China Pte Ltd (Struck off) Success Resources Global Ltd (Incorporated in Australia)
Present	HSR International Realtors Pte Ltd HSR Property Consultants Pte Ltd Optimax Consultancy Pte Ltd Paxel.International Marketing Pte Ltd Paxel Consultants Pte Ltd Paxel Design Pte Ltd Haster Property Services Pte Ltd Junior Achievement Singapore Ltd Success Resources Pte Ltd Success Resources International Pte Ltd Success Resources Global Ltd (Incorporated in Cayman Islands) Success Resources (HK) Limited (Incorporated in Hong Kong) Success Resources Holdings Sdn Bhd (Incorporated in Malaysia) Success Resources UK Limited (Incorporated in United Kingdom) Skyquestcom Global China Pte. Ltd. Skyquestcom Pte Ltd Skyquestcom Global Pte Ltd Skyquestcom Global (Latin America) Pte. Ltd. SkyQuestCom Global Limited (Incorporated in Hong Kong) SkyQuestCom Limited (Incorporated in Hong Kong) SkyQuestCom E-Learning Pvt Ltd (Incorporated in India)

>> 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	Director of Success Resources Global Ltd (reg in Australia). Liew Siow Gian Patrick has received relevant training to familiarise himself with his roles and responsibilities as a director of the Company including attending training by the SGX-ST or SID.

Footnotes

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 ("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].