Mr. Hing was appointed Chairman of Penguin on 24 February 2010 and was last re-elected in April 2009. As Chairman, he is responsible for managing the quality, quantity and timeliness of the information flow between Management and the Board, as well as ensuring compliance with Penguin’s guidelines on corporate governance.

Mr. Hing is a substantial shareholder in Penguin and previously served as Non- Executive Director from February 2009.

Mr. Hing has more than 30 years’ experience in the marine and offshore industry, in a variety of roles ranging from finance to business development. He is the founder and managing director of Trinity Offshore Pte. Ltd., a Singapore-based owner-operator of offshore support/utility vessels.

As an experienced entrepreneur in the marine and offshore industry, Mr. Hing brings to Penguin his trading acumen and his global network of industry contacts.

An accountant by training, Mr. Hing has served in various roles as an auditor, accountant, senior executive and a director of diversified corporations.

Mr. Tham was appointed Managing Director on 1 October 2008 and was last re-elected in April 2009. He was previously the Chief Operating Officer and an Executive Director from August 2008, responsible for strategic business development, focusing on key overseas markets, mergers and acquisitions, as well as investor relations.

Mr. Tham joined Penguin in November 2006 as its Business Development Director.

Prior to joining Penguin, Mr. Tham served in a variety of roles in the offshore oil and gas industry. He previously worked as a Petroleum Correspondent with Upstream, the international oil and gas newspaper; a Business Development Manager with New York-based Seacor Holdings Inc.; and later served as a Corporate Advisor to the group, as well as to several independent petroleum exploration companies in the region.

Mr. Tham holds a Bachelor of Science Degree in Journalism and a Bachelor of Business Administration Degree.

Ms. Tung was appointed Finance and Administration Director in May 2008 and last re-elected in April 2009, where she is responsible for the Group’s accounting and finance, management information system and human resources functions.

Ms. Tung joined the Group in 2000 as an Accountant, and was promoted to Group Finance Controller in 2006, and subsequently finance and Administration Director in 2008. Her duties and responsibilities have, over the years, been expanded to include management of the Penguin’s accounting and finance activities, as well as corporate reporting and related Group administration.

Prior to joining the Group, she served as an accountant in a broad range of industries, including electronics and transportation. She was also a regional internal auditor at a major Japanese MNC.

Ms. Tung is a member of the Certified Public Accountants of ICPAS Singapore and holds an ACCA professional qualification.

Mr. Ong was appointed to the Board in September 1997 and last re-elected in April 2008. He is Chairman of the Audit Committee, a position he has held since October 1997, and a member of the Remuneration and Nominating Committees.

Mr. Ong was called to the Bar of England and Wales in 1998 and to the Singapore Bar the following year. In addition to practicing as a consultant with Drew & Napier LLC, a leading Singapore law firm, he is a Senior Advisor of Alpha Advisory Pte. Ltd. (a financial and corporate advisory firm).

Currently, Mr. Ong also serves on the Board of several other Singapore-listed companies.

Mr. Ong was awarded the President’s Scholarship and Police Force Scholarship in 1979. He holds a Bachelor of Laws (Honours) external degree from the University of London and a Bachelor of Science (Honours) degree from the Imperial College of Science and Technology in England. Mr. Ong has been a Member of Parliament of Singapore since January 1997.

Mr. Wong was appointed to the Board in May 2006 and last re-elected in April 2007. He is the Chairman of the Nominating Committee, a position he was appointed to on 15 August 2008, and a member of the Audit and Remuneration Committees. Mr. Wong is the General Manager (Finance) of Keppel Offshore & Marine Ltd and director of a number of companies in the Keppel Group, including Keppel Singmarine Pte. Ltd., Keppel Smit Towage Pte. Ltd., Keppel Philippines Marine, Inc., Keppel Cebu Shipyard, Inc. and Subic Shipyard & Engineering Inc. He has extensive experience of more than 30 years in financial and accounting.

Mr. Wong holds a Bachelor of Business Administration degree from the National University of Singapore.

Mr. Koo was appointed to the Board in September 1997 and last re-elected in April 2009. He is Chairman of the Remuneration and a member of the Nominating and Audit Committees.

Mr. Koo is currently the Chief Executive Officer of China EnerSave Limited, a Catalist Sponsored renewable energy group.

Mr. Koo graduated from the University of Auckland (New Zealand) with a Bachelor of Commerce degree. He is an FCPA member of the Institute of Certified Public Accountants of Singapore.