PR Newswire, 1/21/2012
Chinese online financial information provider China Finance Online's (Nasdaq: JRJC) board of directors has approved an increase of the board's size and the election of Neo Chee Beng as an independent director and a member of each of the board's audit committee and compensation committee, effective immediately.
With the appointment of Neo, the board now has a total of six directors, including four independent directors.
Neo, 51, is an executive director and the Chief Compliance Officer of Persistent Asset Management Pte Ltd, an exempt fund manager registered with the monetary authority of Singapore. Neo has been an independent director of LottVision Ltd., a company listed in the Singapore Stock Exchange, and also serves on its audit committee. Neo was a former Vice President of investments at Vertex Management II Pte Ltd., an affiliate of Temasek Holdings Pte Ltd., where he headed its Beijing office from year 2000 to early 2005. Neo was the finance manager of the Singapore Stock Exchange-listed Jardine Cycle & Carriage Ltd, where he assisted the general manager of finance.