The Nominating Committee (NC) has reviewed and considered the credentials and experience of Mr. Goi Seng Hui (Goi) of Hanwell Holdings Limited. The NC has recommended and obtained the Board's concurrence to re-designate Mr. Goi from Non-Executive Chairman to Executive Chairman of the Company. Following his re-designation, Mr. Goi will cease as a member of the Remuneration Committee and Nominating Committee.