The Nominating Committee of China Yuanbang Property Holdings Limited has reviewed Mr. Lay Shi Wei's ("Mr Lay") qualification and experience and recommended his appointment as Independent Director to the Board for approval. The NC had also recommended that Mr. Lay be appointed as the Chairman of the Audit Committee and a member of the Nominating Committee ("NC") and Remuneration Committee ("RC") respectively. The Board has accepted the NC's recommendation.

Job Title is Independent Director, Chairman of Audit Committee, a member of Remuneration Committee and Nominating Committee. Working Experience includes Vice President, Evolve Capital Advisory Private Limited, Associate Director, Team Lead, RHT Capital Pte. Ltd., Manager, PrimePartners Corporate Finance Pte.

Ltd. Other DirectorShips Present includes Ocean Wave Development (Pte) Ltd; Nanyang Drama Playhouse Pte. Ltd.; Wedgwood Pte. Ltd.; Top Land Pte.

Ltd.; Nastalent Pte. Ltd. and Trademark Live Pte. Ltd. Professional Qualifications includes Chartered Accountant, Singapore.