Sunseap Group welcomes two new directors to its board

November 16, 2015

The Board of Directors of Sunseap Group is pleased to announce the appointment of Mr Melvyn Yeo Hak Boon and Mr Robert Yap Min Choy as new board members of Sunseap Group with effect from 16th November, 2015.

The two new directors will provide expertise and leadership complementary to the current management team encompassing Frank Phuan and Lawrence Wu, as Sunseap aims to expand its clean energy product offerings and overseas footprint. Mr Melvyn Yeo and Mr Robert Yap will be responsible for contributing key strategies to guide Sunseap in its expansion plans and aid in matters of corporate governance.

Mr Robert Yap brings to Sunseap long-standing experiences in senior management roles, corporate strategy, and network in business circles. Mr Yap was part of DFS Group Limited senior global leadership for over 10 years and helmed the position as President, DFS Venture (DFSV) Singapore and member of the board. Prior to his tenure at DFS, Mr Yap was Chief Executive Officer for East Asia, Asia Middle East and Strategic Services at PSA International. Between 2006 and 2014, He also served as a board member within IBM Corporation Global Advisory Board based in New York, US.

Mr Yap currently assumes key roles in various companies and institutions, including and not limited to Deputy Chairman and Executive Director of Y3 Technologies, Board Director of Numoni Singapore, Singapore Council Member of ASEAN Business Advisory Council, as well as Chairman of ROCK Productions Pte Ltd.

Mr Robert Yap commented on the exciting possibilities this appointment brings, "This is a great organization with great people. The mission here is very clear and we want to keep growing to make Sunseap the number one choice for solar energy solutions in the region. I am excited to work hand in hand with the management team to expand on their already well thought out business strategy."

Lawrence Wu, Director of Sunseap Group, further remarked, "Our expansion plans and the subsequent increasing complexity of the business has led us to look for additions to our team who will fit in with our ethos of innovation, sustainability and governance. We are delighted to have Melvyn and Robert come on board with their diverse and accomplished backgrounds. I'm confident that both of them will play an essential role in guiding Sunseap through its expansion plans as going global can be both rewarding and daunting."

Alongside Mr Robert Yap, Mr Melvyn Yeo joins Sunseap with a wealth of experience in business development and investing. Following a fulfilling career where he spent more than a decade in Goldman Sachs (Asia) managing assets and providing strategic investment advice to clients in the region, Mr Yeo joined Thirdrock Pte Ltd as a Principal and Chief Investment Officer in 2011. He plays an instrumental role in the strategic expansion of the firm to what is now regarded as one of Singapore's larger independent financial and investment services firm. Mr Yeo is appointed as a representative of TRIREC Pte Ltd, a Singapore-based investment company he co-founded that focuses on investing in the renewable and clean energy sectors and is a District Councillor in South West Community Development Council's Environment Committee.

Mr Yeo also possesses sharp business acumen as an angel and early stage investor. He has led a number of investments and co-invested alongside institutions such as Spring Seeds, National Research Foundation, and other prominent investment firms such as Goldman Sachs, Khosla Ventures, Formation8, Incuvest and Get2Volume. Eager about the opportunity and appointment, Mr Yeo commented, "I am very honoured to be given this key role and a mandate to steer the group's direction together with qualified partners. Sunseap Group has an outstanding track record and has been the consistent leader in the clean energy sector. As such, I am deeply thrilled to embark on this journey with Sunseap Group".

Frank Phuan, Director of Sunseap Group, noted that these appointments represent a sign of commitment to being and staying the leading company in the solar industry, "We view their appointments as a sign of our commitment to being the leader in the solar industry and it is fortunate that we were able to find directors of their calibre to steer Sunseap forward. With their involvement, we believe that Sunseap will be able to achieve new heights."

Sunseap Group also expects to make further announcements on exciting company updates in the near future. Businesses and organizations interested in Sunseap's energy services can visit www.sunseap.com or contact enquires@sunseap.com.

About Sunseap Group
Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. The Group operates through 3 key units, Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. It provides clean energy through zero cost solar solutions at rates competitive against traditional grid prices to its clients. Sunseap International employs a similar business model to Sunseap Leasing but targets the international markets. Sunseap Energy is embarked to provide clean energy solutions to building? Owners, originating clean energy from solar systems to its clients through its distribution generation. The unique business model allows green minded companies and individuals to utilize clean energy even if their buildings are not suitable for on-site solar installations.

Visit the company online at www.sunseap.com