Scorpio East Holdings names Ron Loi Lup Sheng as Chief Financial Officer

But Lian Poh Chey resigned as the company’s Head of Sales and Distribution.

The Board of Scorpio East Holdings announcd the appointment of Ron Loi Lup Sheng as Chief Financial Officer.

Mr. Loi, 34, will be responsible for the full spectrum of financial and accounting functions.

Mr Loi started his career in July 2002 as an audit assistant at Ernst & Young LLP after graduating from Nanyang Technological University with a 2nd Class Honours Bachelor of Accountancy degree. He stayed at Ernst & Young for more than 7 years and oversaw the audit of various listed companies as an audit manager. These companies included ST Kinetics Ltd, Fischer Tech Ltd, Unisteel Technology Ltd and LC Development Ltd.

He left Ernst & Young LLP in August 2009 and joined Homely Hardware Pte Ltd (“Homely”) in December 2009 as its Chief Financial Officer. He had been responsible for all financial and accounting related matters of Homely, including its overseas subsidiary in China. In addition, he oversaw the Human Resource function as well as led and completed the implementation of a fully integrated ERP software (Epicor) during his tenure in the company. He left Homely in August 2011 as the initial public offering plans did not materialise and he was waiting to join Apollo Yantai Co Ltd ("Apollo Yantai") as its Chief Financial Officer. However, Apollo Yantai did not confirm Mr Ron Loi’s appointment and subsequently Mr Ron Loi joined Scorpio East Holdings Ltd. as its Finance Manager in June 2012.

Mr Ron Loi is also a Certified Public Accountant, having gained accreditation in June 2011, according to a Scorpio East Holdings report.

Meanwhile Mr Lian, 37, resigned to pursue new career opportunities.

Following the resignation of Mr Lian Poh Chey as Head of Sales and Distribution, Mr Sim Wee Boon, the General Manager of Scorpio East Pictures Pte. Ltd., will be overseeing the marketing, sales and distribution functions.

Mr Lian was appointed to the post 1 January 2003.