Natural Cool Holdings names Tsng Joo Peng as CEO

He replaced Ang Choon Cheng who voluntarily entered into a civil penalty agreement with Monetary Authority of Singapore in connection with certain trades carried out by him in the shares in the Company during the period between 9 January 2008 to 16 June 2009, against Section 197(1)(b) and 201(b) of the Securities Futures Act ("SFA").

Mr Tsng, 47, will be responsible for overseeing strategic planning, overall business expansion and management of the Group.

He is currently is a director of Natural Cool Airconditioning & Engineering since December 1993, of Buy and Fix since June 2010, of Natural Cool Investments since November 2010 and of Natural Cool Energy since February 2013. Before this, he was director of J2 Pte. Ltd. from July 2007 to February 2012., according to a Natural Cool Holdings report.