Governance

Dr Shi Xu

Founder, Executive Chairman and Group Chief Executive Officer

Dr Shi Xu is responsible for charting the technological roadmap, corporate direction, and business strategies of our Group. He founded our Group in 1999 and served as Chief Executive Officer from 1999 to 2017, as Interim CEO from 22 June 2021 to 31 December 2021, and resumed the role from 1 January 2025. He has also served as the Executive Chairman since 2018 and as our Director since 1999.

Dr Shi has his roots in research and academia, and he was previously a Lecturer (from 1991 to 1993), Senior Lecturer (from 1993 to 1996) and Associate Professor (from 1996 to 1999) at the Nanyang Technological University. Dr Shi graduated from Tongji University with a Bachelor of Science (Physics), and went on to obtain his Doctor of Philosophy (Physics) from the University of Reading. He has earned numerous accolades, including the EY Entrepreneur of the Year (Singapore) received in 2017 from Ernst and Young, the Innovation Award received in 2001 from the Economic Development Board, the National Technology Award received in 2000 from the National Science and Technology Board (now known as A*STAR) and the Businessman of the Year, Singapore Business Awards received in 2021 from the Business Times and DHL Express.

Ms Ong Siew Koon

Lead Independent Director

Ms Ong Siew Koon was appointed as an Independent Director of our Company on 9 October 2020 and redesignated as Lead Independent Director with effect from 14 May 2021.

She started her career with Ernst & Young LLP in 1982, where she rose to become Partner from 1998 to 2019. Ms Ong also concurrently served as the Chief Financial Officer of Ernst & Young LLP in Singapore from 2002 to 2005.

Currently she is also the Lead Independent Director of Karooooo Limited, listed on Nasdaq and also the Lead Independent Director of Maribank Singapore Private Limited.

Ms Ong graduated from the National University of Singapore with a Bachelor of Accountancy and is a Chartered Accountant of Singapore with more than 35 years of experience in this profession.

Mr Wan Kum Tho

Independent Director

Mr Wan Kum Tho was appointed as an Independent Director of our Company on 14 May 2021. Mr Wan has more than 24 years of experience in the venture capital and private equity investment industry and is currently the Managing Director (Investments, APAC) of Singtel Innov8 Pte Ltd, the corporate venture capital arm of Singtel.

Prior to joining Singtel Innov8 Pte Ltd, Mr Wan was with Heliconia Capital Management Pte Ltd from 2014 to 2019 where his last held position was Managing Director of Value Creation. From 2010 to 2014, Mr Wan was a management committee member and an Executive Director (Investment) of UOB Venture Management Pte Ltd where he was responsible for evaluating investment recommendations.

From 2009 to 2010, Mr Wan was with EEMS Asia Pte Ltd as Vice President of Strategic Planning and Administration where he was in charge of rescheduling debt of the Asian operation, cost controlling, fund raising and planning strategic initiatives with private equity investors. From 2005 to 2008, Mr Wan served as Vice President of Finance and Administration EEMS Asia Pte Ltd where he participated in strategic deliberations of EEMS and was responsible for strategic decisions for the financial and overall operation of the company, and establishing management incentive structure.

Mr Wan is currently an independent non-executive director of AP Oil International Limited and Tat Hong Equipment Services Co, Ltd and an Adjunct Associate Professor at the National University of Singapore Business School. He obtained a Bachelor Degree in Business Administration (Honours) from the National University of Singapore and completed the Berkeley Executive Program offered by the University of California, Berkeley in the U.S.

Mr Tan Swee Ho

Independent Director

Mr Tan Swee Ho was appointed as an Independent Director of our Company on 1 May 2026.

Mr Tan began his career with an international accounting firm in 1988. He subsequently joined Ernst & Young LLP as a partner from 2002 to 2025, where he provided accounting advice and audit services to a broad range of clients, including life sciences and healthcare companies, statutory boards, property developers, and manufacturing and trading companies. He held various management positions at Ernst & Young, notably as Singapore Leader for the Life Sciences and Healthcare Industry, and managed one of the three audit groups comprising more than 200 professionals.

Beyond his professional practice, Mr Tan served as Deputy Chairman of the Institute of Singapore Chartered Accountants Financial Statement Review Committee from 2013 to 2018, working closely with regulators, practitioners, and company directors to uphold financial reporting standards in Singapore. He also served as a Council Member, Audit Committee Chair, and Treasurer of the Singapore Scout Association from 2018 to 2024. He currently serves as a Council Member and member of the Audit Committee and Medifund Committee of Dover Park Hospice.

Mr Tan graduated from the National University of Singapore with a Bachelor of Accountancy. He is a Chartered Accountant of Singapore with more than 35 years of experience in the profession, and an Accredited Director of the Singapore Institute of Directors.

Professor Lam Khin Yong

Non-Executive Non-Independent Director

Professor Lam Khin Yong was appointed a Non-Executive Non-Independent Director of our Company on 1 August 2026. He currently serves as Emeritus Professor at Nanyang Technological University (NTU) Singapore and as Senior Advisor (International Engagements) at the Singapore Institute of Technology.

Professor Lam previously served as NTU's first Vice President (Industry) (2023 to 2026), driving strategic industry partnerships and as Vice President/Senior Vice President (Research) (2014 to 2022), overseeing NTU's research ecosystem. He has also served as Acting Provost, Chief of Staff, Acting Chief Executive Officer of NTU Innovation, Associate Provost for Graduate Education and Special Projects, and Dean of the School of Mechanical and Aerospace Engineering. Prior to NTU, he held senior leadership roles at the National University of Singapore and A*STAR, where he was the founding Executive Director of the Institute of High Performance Computing and the A*STAR Graduate Academy.

An accomplished researcher in computational mechanics, Professor Lam has published over 300 papers in international refereed journals with a citation count of over 13,600 and an H-index of 61. He is a Fellow of the Academy of Engineering Singapore and is listed among the world's top 2% of scientists on Stanford University's scientists list. He has received numerous accolades, including Singapore's President's Science and Technology Medal (2018), the French Legion of Honour (2017), Honorary Citizen of Guangzhou(2021) and the Honorary Senator of the Technical University of Munich(2024).Professor Lam is also an Authority Member of the Civil Aviation Authority of Singapore.

Professor Lam holds a Bachelor of Science in Mechanical Engineering (First Class Honours) from Imperial College London, and a Master of Science and Doctor of Philosophy from the Massachusetts Institute of Technology. He also completed the Advanced Management Programme at Harvard Business School.