Born: 25 May 1955

Mr. Ballantyne has a track record of successfully doing business in China and the United States. During the past 20 years Mr.Ballantyne has been in the business of acquiring and operating troubled companies or assets being divested by public or private companies. Mr. Ballantyne holds a Bachelor of Science Degree in Business Management from the University of Wisconsin. He has been a Director of the Company since 2008 and is a member of the Remuneration & Nomination and Audit & Risk Committees.