31 Dec 2013 07:00
31 December 2013
New Trend Lifestyle Group Plc
("NTLG" or the "Company")
Appointment of New Director
NTLG (AIM: NTLG) is pleased to announce the appointment of Matthew Pau as a Non-executive director.
Matthew, who is resident in Hong Kong, is a Fellow of the Institute of Chartered accountants of England & Wales and a Certified Public Accountant in Hong Kong. He obtained an MA in Engineering, Economics and Management at the University of Oxford in the UK.
Matthew practised as an Auditor until 1994 when he left Coopers and Lybrand to become an Investment Manager with ING Baring Private Equity (China). He is currently Chief Financial Officer in Hong Kong of The Incorporation of Financial Technicians Limited, which provides securities and advisory services in Hong Kong. He also serves as a Non-executive Director of the Chinese Food and Beverage Group a company listed on the Hong Kong Stock Exchange.
Between leaving Coopers & Lybrand and his current role, Matthew gained senior-level experience in the UK, Hong Kong and mainland China in a range of finance-related firms; including BNP Peregrine Securities, Axia Capital Ltd and London Asia Capital Group, where he was Director of Corporate Finance.
In addition to his professional qualifications, Matthew brings to the board of NTLG a wealth of practical international finance experience and relationships in Hong Kong and mainland China that we expect to find particularly valuable as the Company increases its presence there. We are pleased to welcome Matthew to the board and look forward to working with him.
In the mandatory disclosures set out below, it is stated that Matthew was declared bankrupt in Hong Kong in December 2004. This was while he was resident in the UK. The Board of NTLG and its advisers have investigated thoroughly the reasons for this and how Matthew conducted himself over the matter. The board is completely satisfied that the circumstances leading to the bankruptcy were not triggered by any negligence on his part and that because he was in the UK at the time of the Order and was unaware of it. As soon as Matthew was alerted to it in 2011, he set about paying his creditors, which he did in full. The bankruptcy order was subsequently annulled.
Additional information relating to Matthew Pau:
Matthew has a beneficial interest in 100,000 ordinary shares in the Company representing 0.1 per cent. of the issued share capital
Current Directorships
Chinese Food and Beverage Group Limited
Previous Directorships (within the last 5 years)
Getabed Company Limited
Wanfuchun Forestry Resources Group Company Limited
Beijing Shenhao New Energy Technology Company Limited
Matthew was declared bankrupt in Hong Kong in December 2004 whilst resident in UK. The bankruptcy order was annulled and the bankruptcy petition was dismissed on 8 February 2012.
No further disclosure is required under Paragraph (g) to Schedule Two of the AIM Rules with respect to Matthew Pau.
For further information:-
New Trend Lifestyle PLC 0207 653 9850
Robert Goddard, Chairman
Ajay Rajpal, Director & Interim CFO
Zeus Capital (NOMAD and broker)
Corporate Finance: Ross Andrews, Andrew Jones 0161 831 1512
Institutional Sales: John Goold 020 7533 7716
About New Trend Lifestyle
The Company was established in 2005 by Master Hillary Phang. NTL's Feng Shui services include building and office design consultancy, astrology readings, marriage matching, aura readings and business talks and seminars for large corporations. These have recently been complemented by Tarot Cards readings and an on-line dating service using Feng Shui principles.
NTL is one of the leading branded Feng Shui consultancies in Asia, selling its services to a mixture of high profile businessmen, political figures, business enterprises and the general public. It provides lifestyle guidance to customers, which leads to the provision of a number of products and services.
Feng Shui is endemic in Chinese communities throughout the world and influences many aspects of personal, business and even Government activities and is the basis on which the Company has created a profitable business with a strong brand and deep-seated cultural drivers.