Paul Cummins –Investment Director of Pyrrho Investments Ltd -

Prior to setting up Pyrrho with Anson Chan in the year 2008, he was CFO of Yifung Alternative Energy Company Ltd, an alternative energy business and principal in Sinoera Era Limited, a corporate advisory business. Between 2000 and 2005 Paul worked in the proprietary investment business of Nomura International both in Hong Kong and London focusing on distressed debt, special situations and high yield debt. Prior to that he worked at KPMG. He is Chairman and investor in a Hong Kong based corporate services business, Global Corporate Services. Paul is a qualified Chartered Accountant.