AnnAik Limited approved the appointment of Mr. Gan as Independent Director of the Company. Mr. Gan is also appointed as Nominating Committee Chairman, member of Remuneration and Audit Committee. Mr. Gan is considered independent for the purposes of Rule 704(7) of Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited. Mr. Gan has worked at DBS Bank since 2002 and is currently the Senior Vice President of Private Banking, DBS Bank Ltd. He has been in the Banking and Finance Industry since 1989 and held several leadership and senior roles in Institutional Banking. In his current role; he advises high-net-worth and ultra-high net-worth families with valuable wealth planning solutions. He has been the Member of Parliament since 2011 and is currently the Member of Parliament for Ang Mo Kio Group Representation Constituency and the Deputy Chairman of Government Parliamentary Committee; Environment and Water Resources (including Climate Change). He was also the member of Singapore Parliament Select committee (Public Accounts). He was the Audit Committee Chairman and Independent Director of Mainboard Listed Ouhua Energy Holdings Limited. Appointment date is September 30, 2019.