The Board of Directors of the Manager is entrusted with the responsibility for the overall management of the Manager and comprises seven Directors.

Mr. Xu Rongcan, Vito

Non-Executive and Non-Independent Chairman

Date of First Appointment: 11 April 2017

Mr. Xu founded Sasseur Group in 1989, and is currently the chairman of the board of Sasseur Group (The Sponsor). He is an innovative leader with artistic passions, acute business insight and outstanding strategic planning capability.

As the founder of Sasseur Group and a pioneer in Chinese art commerce business ideology, Vito Xu creates a super outlet empire with his unique artistic approach. With 30 years of experience focusing on the outlet mall operation led by its unique art commerce DNA and "A x (1+N) x DT" business model, under the guideline of the Sasseur Super Thinking system that features emotional thinking, aesthetic thinking, scene thinking and capital thinking, and the leadership of Vito Xu, Sasseur Group has grown into a Top 500 Chinese Service Enterprise and is the sponsor of the first outlet mall real estate listed on SGX, as well as a leading international business brand in the global outlet industry.

Vito Xu was lauded by various institutions for his contribution to the development of the industry. As a testimony to his achievements, his many awards includes "the Knight of the Order of the Italian Star" by the Italian president, "Meritorious Figure of the 40th Anniversary of China's Commercial Reform and Opening-up", "Outstanding Asian Entrepreneur" etc

Ms. Yang Xue

Non-Executive and Non-Independent Director

Date of First Appointment: 16 November 2017

Ms. Yang is the co-founder of Sasseur Outlets and is currently the co-chairman of the board of Sasseur Group (The Sponsor). As co-founder of Sasseur Group, Sasseur Yang is a key figure in the strategic development of the group. With her ingrained fashion sense and delicate but decisive business actions, she contributed in many roles in the development of the company, especially in the areas of public relations, international brand leasing, strategic planning etc. consolidating the collaboration between Sasseur and the brands, leading up to the successful opening of the first Sasseur outlet in Chongqing. She is the endorser of Sasseur Group's corporate culture.

Sasseur Yang is responsible for the strategic development of the group, heading the group's business resource center, business management center, human resource center, Sasseur REIT with a focus on branding and domestic and international public relations

She was named " Most Stylish Figure of 2019" by Yaok Institute.

Dr. Gu Qingyang

Lead Independent Director

Date of First Appointment: 16 November 2017

Dr. Gu has been an Associate Professor of the Lee Kuan Yew School of Public Policy of the National University of Singapore since August 2009, where he conducts lectures on the Chinese economy, economics of the public sector and urban development.

He has been an economic adviser to the Fuzhou New Zone in the PRC since April 2017. As economic adviser, he provides advice to the Chinese government for economic development of new zones, experiments on the PRC's new type of urban cluster. He was an Assistant Professor at the Nanyang Technological University of Singapore from July 2001 to July 2009, where he taught mathematical economics, microeconomics and macroeconomics and cost-benefit analysis and undertook research work relating to the Chinese economy, econometric modelling, reform of state-owned enterprises and international trade and finance. He carried out research on the Chinese economy, Singapore public policy and urban development from June 1997 to July 2001 as a research officer in the East Asian Institute of the National University of Singapore. He has been an Independent Director of China Life Insurance (Singapore) Pte. Ltd. since June 2015.

Mr. Mario Boselli

Independent Director

Date of First Appointment: 16 November 2017

Mr. Boselli began his career in 1959 in his family's silk mill which was established in 1586 in Garbagnate Monastero, taking over the reins from his father, Carlo Boselli. For four decades from the 1970s till the 2000s, Mr. Boselli developed the company's textile supply chain and grew the business both at home and abroad. He left the family business in 2005 to pursue new goals for his career.

Mr. Boselli's distinguished career includes his time as President of the Italian Fashion Chamber, Federtessile, Fiera Internazionale di Milano, Pitti Immagine, International Silk Association (Lyon), Italian-Slovak Chamber of Commerce (Bratislava), and Italy-Hong Kong Association. For his accomplishments, Mr. Boselli was appointed the Cavaliere del Lavoro (1990), the Commandeur de l'Ordre National de la Legion d'Honneur (France 2002) and the Cavaliere di Gran Croce Ordine al Merito della Repubblica Italiana (2007).

Mr. Boselli was born in Como, Italy in 1941, and is married with three children. He is President of Banca5 (Intesa Sanpaolo Group), Italy China Foundation and Italy China Institute, and sits on the boards of several listed and unlisted companies.

Mr. Cheng Heng Tan

Independent Director

Date of First Appointment: 16 November 2017

Mr. Cheng brings to the Group his extensive experience with Ernst & Young LLP (then known as Turquand, Youngs & Co) from April 1977 to June 2010. During his 33 years with Ernst & Young LLP, he amassed experience in financial audit, bank audit and training and administration. He was an audit partner of Ernst & Young LLP from July 1990 to June 2010, when he was responsible for financial audit, group administration as well as audit work in relation to initial public offerings.

In July 2010, he stepped down from his role in Ernst & Young LLP and is currently a self-employed restaurant operator. Mr. Cheng was an Independent Director of Singapore-listed Chip Eng Seng Corporation Ltd. from July 2011 to April 2017, where he chaired the Nominating Committee and was a member of its Audit and Remuneration Committees. He was a journalist with two Chinese language daily newspapers in Singapore from December 1970 to July 1975.

Mr. Wu Geng

Independent Director

Date of First Appointment: 16 November 2017

Mr. Wu has practiced with Drew & Napier LLC since April 2008, and has been a Director at Drew & Napier LLC since May 2016. His areas of practice include corporate finance, capital markets, and general corporate legal advisory work.

He was with Hoh Law Corporation (formerly known as Hoh & Partners) as a legal executive from November 2003 to April 2008, Hoh & Partners as a Chinese law adviser from January 2002 to June 2003, and Colin Ng & Partners as a foreign counsel from June 2003 to October 2003, and with Pan-Commercial Pte. Ltd. as a legal adviser and foreign trade assistant from July 1999 to December 1999 where he assisted with the company's trading business and investments in the PRC. He started his career as a Judicial Clerk with the Supreme People's Court of the PRC (July 1995 to June 1998), where he was mainly responsible for reviewing legal cases, conducting legal research and drafting legal documents.

Mr. Wu has been an Independent Director of Shengli Oil & Gas Pipe Holdings Limited (listed on the mainboard of the Hong Kong Stock Exchange) since March 2015, where he chairs the Remuneration Committee and is a member of the Audit Committee and the Nominating Committee.