Business people : Pou Sheng Intl. today named Heh-Der Kwan (Mr Kwan), as executive director and CEO of the company.

The board of directors (the “Board”) of Pou Sheng International (Holdings) Limited (the“Company”) is pleased to announce that Mr. Kwan, Heh-Der (“Mr. Kwan”), has been appointed as an executive director and the chief executive officer of the Company with effect from 31 August 2012.

Mr. Kwan, aged 57, graduated from the National Taiwan University, Taiwan with a Bachelor of Arts degree. He later obtained a Master of Science degree from the University of Iowa, United States of America after he completed military duties in 1979.Mr. Kwan had worked in different technical and managerial positions of various entities of the AT&T group and was the director of strategy & business development of AT&T China, Beijing; later served as the president of Lucent Technologies Qingdao; and then the chief operating officer of Lucent Technologies China, Beijing (“Lucent China”).During the time when Mr. Kwan was the chief operating officer of Lucent China, a complaint was filed by the U.S. Securities and Exchange Commission (the “SEC”) in the United States against Lucent Technologies Inc. (“Lucent”) in relation to suspected corrupt practices in Lucent’s China operation. The Board has enquired with Mr. Kwan in respect of the SEC complaint and Mr. Kwan has confirmed that the complaint was not initiated against him as an officer of Lucent and/or Lucent China. Mr. Kwan also served as the chief operating officer of CEC Industries Ltd., a private industrial lighting company in Illinois, United States of America. Prior to joining the Company as a senior consultant on 16 July 2012 and then the Chief Executive Officer on 31 August 2012,

Mr Kwan was the president and a board director of Tecom Co. Ltd. (東訊股份有限公司), a company listed on the Taiwan Stock Exchange. Save as disclosed herein, Mr. Kwan did not hold any directorship in any other listed public company in the past three years.

Following the appointment of Mr. Kwan as executive director and chief executive officer of the Company becoming effective on 31 August 2012, Mr. Wu, Pan-Tsu (“Mr.Wu”) will cease to be the acting chief executive officer but will remain as an executive director of the Company.

About Pou Sheng :
Pou Sheng started operation in 1992 as an integral part of Yue Yuen Industrial (Holdings) Limited, the world's largest footwear manufacturer and a constituent stock of Hang Seng Index. It began with brand licensee business for distributing Converse products in the PRC and later expanded into sportswear retail business.

After years of exploration and expansion, Pou Sheng is now a leading sportswear retailer and distributor in the PRC. Tapping the upsurge in sports ignited by the Beijing Olympic Games, Pou Sheng and its regional joint ventures together operates a total of over 3,200 retail outlets in the PRC, and is the largest sportswear retailer in the PRC based on the number of directly operated retail outlets

 Pou Sheng's brand portfolio includes leading international and domestic sportswear brands in the PRC, such as Nike, Adidas, Li Ning, Kappa, Reebok, PUMA, Converse, Hush Puppies, Nautica, Wolverine and Umbro, offering customers a wide range of outfits for their workouts as well as fashion with rich sporty touch.

Apart from retail business, Pou Sheng also operates a brand licensee business to act as the exclusive brand licensee for Converse, Wolverine and Hush Puppies, which Pou Sheng is given flexibility in pricing of products, supply chain management, product design, marketing and development, and promotion.

(Source Pou Sheng)