KENANGA ANNUAL REPORT 2019

H OW W E A R E G O V E R N E D 1 2 3 4 5 25 6 7 Luk Wai Hong, William (“ Luk ”) was appointed to the Board of Directors of Kenanga Investment Bank Berhad (“ KIBB ”) as an Independent Non-Executive Director on 1 November 2013. He holds a Bachelor of Arts (Honours) from Concordia University, Montreal, Canada, a Masters of Urban Planning from the University of Michigan, USA and an Executive Fellowship awarded by the State of Washington. Luk is currently the Director of Investment of Cotton Tree Capital Ltd, of which he is the co-owner, with offices in Hong Kong and Singapore. He has more than 20 years of experience in various capacities in the financial services industry, out of which 11 years were spent in Deutsche Bank AG, Hong Kong and Singapore. He began his career in 1989 as an Executive Fellow and Transportation Finance Specialist in the Office of Financial Management in the State of Washington. He later joined Lehman Brothers, Hong Kong as a Fixed Income and Credit Trader in 1993. After three (3) years, he joined HSBC Markets, Hong Kong for a year, before joining Deutsche Bank AG in 1997 as a Senior Associate Director and Senior Credit and Derivatives Trader. He then became Deutsche Bank AG’s Director and Head of Structured Credit Trading and Principal Finance Asia, a post he held until 2004. In 2004 and 2008, Luk was appointed as Deutsche Bank AG’s Managing Director and Co-Head of Global Credit Trading and Principal Finance Asia, as well as Managing Director and Co- Head of Saba Proprietary Trading Group Asia, respectively. In 2008, he joined Pacific Advantage Capital, Hong Kong and Singapore, as its Principal and Portfolio Manager focusing on credits and special situations, before taking up the position of Director of Investment of Cotton Tree Capital Ltd in 2011. He has no family relationship with any Director and/ or major shareholder of KIBB and also has no conflict of interest with KIBB. He has never been charged for any offence within the past five (5) years nor has he had any public sanction and/ or penalty imposed on him by any relevant regulatory bodies during the Financial Year Ended 31 December 2019. LUK WAI HONG, WILLIAM P r o f i l e Hong Kong Male Aged 56 • Independent Non-Executive Director • Chairman of Group Board Risk Committee • Member of Audit Committee • Member of Group Nomination & Remuneration Committee (Redesignated as Member on 31 October 2019) • Member of Employees’ Share Scheme Committee (Redesignated as Member on 31 October 2019) • Member of Group Board Digital Innovation & Technology Committee (Appointed on 29 August 2019) DIRECTORS’ PROFILES