Mr Chu joined McKinsey's Tokyo office in 1984 and in 1986 moved to the Hong Kong office where he was the first associate in the office. He was the first locally elected Asia partner in 1991 and also the first locally elected Asian Director (senior partner) in 1997. He has led McKinsey's Greater China Consumer Goods, Retail and Healthcare practices. He also served clients in leisure and entertainment, transportation, industrial, property and private equity industries. He was the Managing Partner of the Hong Kong office from 1997 to 2003 and Chairman of the Organisation Practice in Greater China from 2009 to 2011.

Mr Chu was a board member of the Hong Kong Management Association from 1997 to 2007. He graduated with magna cum laude from Princeton University and has an MBA from the University of Chicago.

Helen Wong

Helen Wong is the founder of Lapis Global Limited ("Lapis"). Prior to Lapis, Ms Wong was formerly the CEO of Cushman & Wakefield Capital Asia ("CWCA"), and the chief architect of building the Asia Investment Management and Investment Banking platform for Cushman & Wakefield. With former team members of CWCA, Ms Wong established a Hong Kong based investment management and advisory firm, Lapis Global Limited. Ms Wong has over 25 years of finance and operational experience in the US and Asia. Prior to CWCA, Ms Wong was the Managing Director of IFIL Asia, responsible for Asian direct investment activities of IFIL SpA (now EXOR/Agnelli Family) whose diverse interests range from financial services to automotive manufacturing (Fiat Chrysler Automotive). As the Co-CEO of Lazard Asia Fund, Ms Wong led a number of significant ground breaking transactions in Asia. Ms Wong has held various other senior executive positions including CFO of Richard Li's Pacific Century Regional Developments Ltd, and executive roles with the Port Authority of New York and New Jersey and the Hong Kong Provisional Airport Authority which was responsible for designing and developing Hong Kong's international airport. Throughout her career, Ms Wong has held numerous board positions on both publicly and privately held vehicles.

Proposed Directors

The biographies of the proposed directors have been extracted from the requisition received from the Requisitionist. They have not been verified by the Company, the Board or any of its or their advisers.

Alpay Ece

Alpay Ece (43) is an experienced investment banker and closed end fund investment professional. From 1992-2013 Mr Ece was employed by Landesbank Berlin, latterly as a director in their Structured Products division. There he focused on investments in closed end funds targeting emerging markets such as China, India and Vietnam, with a particular emphasis on investment into funds focused on illiquid asset classes such as private equity and real estate. Mr Ece has recently established a new emerging markets focused investment management business, EM Value AG. This focuses on investing in emerging markets, in many instances focusing on investing in illiquid assets. Mr Ece is resident in Germany.

Sean Hurst

Sean Hurst (50) is an experienced closed end fund investment professional with extensive experience of shareholder activism in closed end funds. Originally a closed end fund trader and salesman in London, he moved to Paris to establish BNP Paribas' closed end fund investment and arbitrage desk in 1998 which he ran for 7 years. In 2005 he founded Albion Asset Management in Paris to continue with the same investment strategy and approach. He subsequently joined Laxey Partners in 2009, moving to Axiom Alternative Investments from 2011-13. He has previously been a director of a hedge fund (The Peninsular Alpha Fund which invested in India equities) as well as a director of a fund investing in closed end funds (The Albion Fund). Mr. Hurst is currently advising investment management groups on the potential for launching new closed end funds. Mr. Hurst is resident in France.

Cosimo Borrelli

Cosimo Borrelli (47) is a Chartered Accountant with over 20 years of experience in formal and informal corporate restructuring insolvency, forensic accounting and financial investigations. He is a co-founder of Borrelli Walsh, which is currently retained as a consultant to ARC. His Professional Affiliations and Academic Qualifications include Member of the Hong Kong Institute of Certified Public Accountants, Member of the Restructuring and Insolvency Faculty of the Hong Kong Institute of Certified Public Accountants, Registered Appointment Taker with the Official Receiver's Office in Hong Kong, Member of the Institute of Chartered Accountants in Australia and Member of the Insolvency Practitioners Association of Australia. He has served on the boards of Global Invacom Limited (listed in Singapore) and Berlian Laju Tanker Tbk (listed in Indonesia) and has previously served on a number of boards in Hong Kong, Singapore and the United States of America. Mr. Borrelli regularly advises listed and private fund in distressed and wind down situations. Mr. Borrelli is resident in Hong Kong.

DEFINITIONS

 
 "Board" or "Directors"      the board of directors of the Company, 
                              including a duly constituted committee 
                              thereof 
 "Company"                   ARC Capital Holdings Limited 
 "Form of Proxy"             the form of proxy to be used by Shareholders 
                              in connection with the GM and which 
                              accompanies this document 
 "General Meeting" or "GM"   the extraordinary general meeting of 
                              the Company to be held at 2.00 p.m, 
                              on 2 February 2015, or any adjournment 
                              thereof 
 "Notice"                    the notice of the General Meeting set 
                              out at the end of this document 
 "Ordinary Shares"           ordinary shares of US$0.01 each in 
                              the capital of the Company 
 "Resolutions"               the ordinary resolutions to be proposed 
                              at the GM to remove the existing Directors 
                              and appoint a new Board as set out 
                              in the Notice 
 "Requisitionist"            Cielo Overseas Limited 
 "Shareholders"              holders of Ordinary Shares

The Notice of GM and Form of Proxy will be sent to shareholders today and copies can be viewed on the Company's website www.arch-fund.com.

About ARC Capital Holdings Limited

ARC Capital Holdings Limited ("ARCH") (AIM: ARCH) is a closed-end investment company with net assets of US$75.50 million as at 30 September 2014. ARCH was admitted to trading on the AIM Market of the London Stock Exchange in June 2006. ARCH holds investments in the retail, consumer goods and consumer services sectors, principally in China.

For more information about ARC Capital Holdings Limited, please visit: www.arch-fund.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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