The Board of Directors (the "Board") of AnnAik Limited announced the appointment of Mr. Lim Geok Peng ("Mr Lim") as Lead Independent Director with effect from 1 December 2021. Mr. Lim is the existing Independent Director, Chairman of the Audit Committee and member of the Remuneration Committee and Nominating Committee. Mr. Lim was appointed as Lead Independent Director of the Board in view of the fact that Mr. Ow Chin Seng, Executive Chairman of the Company is not independent pursuant to provision 3.3 of the Code of Corporate Governance 2018.