OPP.L Regulatory News (OPP)

19 Sep 2007 09:33

Origo Sino-India PLC19 September 2007 Origo Sino-India Plc Board changes Origo Sino-India Plc ("Origo" or the "Company") (LSE: OSI), the investment andstrategic advisory company focused on the private equity markets of China andIndia, announces that Lou Lin has retired as Finance Director and that NiklasPonnert, already a Managing Director of Origo, has been promoted as thecompany's new Finance Director. Lou Lin will stay on with Origo as a consultant and adviser, ensuring an orderlytransition, and may take on new responsibilities with the Company at a laterdate. At the same time, Mr Lin retires as an executive board director of Origoand is replaced in that role by Mr Ponnert on the board. Niklas Ponnert is already very familiar with Origo and its private equityportfolio and clients, having joined the Company in February 2005. He brings asolid background in investment gained from Siemens Venture Capital, where he wasa founding member of Siemens Acceleration Fund, associated with Siemensinvestments in six Chinese private companies. Previously, Niklas worked withLECG, Inc, a NASDAQ-listed financial services firm. A Swedish national, hereceived his BA with highest honours from the University of California atBerkeley. He resides in Beijing since 2001 and is a fluent speaker of MandarinChinese. Chris Rynning, Chief Executive of Origo, commented: "As a fellow alumnus ofUniversity of Chicago Graduate School of Business, I have known Lou Lin for manyyears. I respect his desire to spend more time with his family, and Origo and Iwill miss him and his hard work. "I welcome Niklas as Finance Director and an executive board director. He hasdone an excellent job in keeping us financially disciplined while protecting thebest of Origo's entrepreneurial culture." "Working at Origo has been a great experience," said Lou Lin. "I am leaving theCompany in good hands with a remarkable team of professionals who will continueto build on Origo's achievements." Niklas Ponnert commented: "My primary short-term responsibility will be torealise Origo's portfolio investments, while continuing to build a strongfinancial platform for the Company." Pursuant to Rule 17 and Schedule Two, paragraph g, of the AIM Rules, theinformation required to be given in respect of Niklas Ponnert is as follows: Full name: Karl Niklas Ponnert Previous names: None Age: 31 Apart from his directorship of the Company, Niklas Ponnert has not been adirector or partner of any other companies or partnerships, at any time in theprevious five years. Under Schedule Two, paragraph g, of the AIM Rules, there is nothing further todisclose. Further information: Origo Sino-India PlcChris Rynning +86 1390 124 6417chris@origoplc.com Media enquiries: Capital MS&LPeter Curtain / James Madsen +44 (0) 20 7307 5330james.madsen@capitalmsl.com Nominated adviser: Seymour PierceJohn Depasquale / Matt Thomas +44 (0) 20 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange