HG Metal Manufacturing : Re-Designation Of Mr Teo Yi-Dar (Zhang Yida) As Non-Executive Chairman And Reconstitution Of Board And Board Committees

HG METAL MANUFACTURING LIMITED

(Company Registration No. 198802660D)

RE-DESIGNATION OF MR TEO YI-DAR (ZHANG YIDA) AS NON-EXECUTIVE CHAIRMAN

AND RECONSTITUTION OF BOARD AND BOARD COMMITTEES

The Board of Directors of HG Metal Manufacturing Limited (the "Company") wishes to announce that after searching for and interviewing suitable candidates to be appointed as a Director of the Company, Mr Teo Yi-Dar (Zhang Yida) has been re-designated from Non-Executive Director of the Company to Non-Executive Chairman of the Board, and a member of the Audit and Risk Committee, Nominating Committee and Remuneration Committee of the Company with effect from 8 January 2018. Upon his re-designation, the composition of the Board and the Board Committees of the Company with effect from 8 January 2018 shall be as follows:-

Board of Directors

Mr Teo Yi-Dar (Zhang Yida) (Non-Executive Chairman)

Mr Foo Sey Liang (Executive Director)

Mr Ng Weng Sui Harry (Independent Non-Executive Director)

Mr Kesavan Nair (Independent Non-Executive Director)

Audit and Risk Committee

Mr Ng Weng Sui Harry (Chairman)

Mr Kesavan Nair (Member)

Mr Teo Yi-Dar (Zhang Yida) (Member)

Nominating Committee

Mr Kesavan Nair (Chairman)

Mr Ng Weng Sui Harry (Member)

Mr Teo Yi-Dar (Zhang Yida) (Member)

Remuneration Committee

Mr Kesavan Nair (Chairman)

Mr Ng Weng Sui Harry (Member)

Mr Teo Yi-Dar (Zhang Yida) (Member)

The Board considered Mr Teo Yi-Dar (Zhang Yida) to be non-independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.

By Order of the Board

Foo Sey Liang Executive Director

8 January 2018

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