BOARD OF DIRECTORS & MANAGEMENT TEAM

Ms. Seet Chor Hoon

Independent Director

Ms Seet joined the Board as an independent Director in August 2014. Currently, she is the Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee. Ms Seet is currently a board member of Mid Continent Equipment Group Pte Ltd. (“Midcon”), a subsidiary of Magnus. Ms Seet was a director and owner of an education business. Prior to that, she was a search consultant with an established search firm specializing on searches for senior human resources, finance and business leader positions for clients of multinational corporations’ headquarters in China. Ms Seet had also held various senior positions in a multinational company in the areas of human resource, business development, retail distribution and marketing from 1999 to 2009. Ms Seet graduated with a Master Degree in Business Administration from University of Dubuque, Iowa (USA) and holds a Diploma in Marketing from The Chartered Institute of Marketing (UK).

KEY MANAGEMENT

Mr. Luke Ho Khee Yong

Chief Executive Officer

Mr Ho joined Magnus in 2006 and has held several key positions since 2009. He was promoted to interim chief executive officer of the Company in October 2014 and thereafter assumed the position of chief executive officer in June 2015. Mr Ho is responsible for the strategic and overall management, daily operations and performance of the Group. He currently sits on the board of all major subsidiaries of Magnus. He has held several senior positions over 15 years in the Asia Pacific Region. Mr Ho holds a Master Degree in Strategic Business Management and the CIMA Professional Qualification with the Chartered Institute of Management Accountants of the United Kingdom (the “CIMA”). He is an associate member of the CIMA and also a non-practicing member of Institute of Singapore Chartered Accountants.

MANAGEMENT SUPPORT TEAM

Mr. Jason Ong Wie

Director – Mid-Continent Equipment Group Pte Ltd.

Mr Jason Ong is the Director of our subsidiary, Mid-Continent Equipment Group Pte Ltd. (“Midcon”), and is also director of all the other subsidiaries of Midcon. He is responsible for assisting and helping the leadership to steer the Group through its growth plans in local and overseas markets. In addition to his responsibilities of his directorial roles for Midcon and its subsidiaries, Mr Jason Ong is also involved in seeking and developing new markets and business relationships, both locally and overseas. Mr Jason Ong holds a Bachelor of Arts Degree in Economics and Political Science from the National University of Singapore.

Mr. Maung Thein Htike

President – Mid-Continent Equipment Inc. (USA)

Mr Htike joined Midcon in June 1993 as the Manager of Base Operations and Logistics. In June 2002, he was promoted to and was the General Manager until he moved to Mid-Continent Equipment Inc. (USA) in March 2008. Mr Htike is now the President and shareholder of Mid- Continent Equipment Inc. (USA) owning 20% of shares. He is responsible for overall operation and profitability of Mid-Continent Equipment Inc. (USA). He has total 26 years of oil & gas industry experiences in various capacities. Prior to joining Midcon, he worked for Yangon branch of Yukong Limited, a Korean oil & gas exploration company, as a Material and Logistics Executive between 1990 and 1993. Mr Htike holds a Bachelor of Commerce (B.Com) from Institute of Economics, Yangon in Myanmar.