The Board of Directors of CSE Global Limited announced the following changes to the board and board committees with effect from 22 July 2020: The appointment of Mr. Lim How Teck as Non-Executive Non-Independent Director and as a member of the Audit and Risk; and Nominating Committees. Mr. Lim is considered non-independent for the purpose of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited. The appointment of Mr. Derek Lau Tiong Seng as Non-Executive Non-Independent Director and a member of the Investment Committee. Both Mr. Lim and Mr. Lau are nominated by Heliconia Capital Management Pte. Ltd., the new controlling shareholder of the Company. Mr. Lim is currently the Chairman of Heliconia while Mr. Lau is the Chief Executive Officer of Heliconia. The appointment of Mr. Sin Boon Ann, an existing Independent Director, as a member of the Compensation Committee. Following the cessation of Serba Dinamik Holdings Berhad as the controlling shareholder of the Company on 6 July 2020, the Company has received the letter of resignation from Dr. Ir. Mohd Abdul Karim Bin Abdullah. Accordingly, Dato' Karim resigned as Non-Executive Non-Independent Director and Deputy Chairman. Consequently, Dato' Karim will also cease to be a member of Nominating and Compensation Committees.