The Board of Directors of Ezion Holdings Limited announced that the senior management team of company had been reorganised as follows to better manage the challenges the group is currently facing and to re-engineer for future growth: Mr. Lee Kon Meng Peter will be appointed Deputy Chief Executive Officer of the company to assist the Chief Executive Officer in providing strategic management to the Group's operations. Accordingly, he will relinquish his Chief Operating Officer position. Mr. Eng Chiaw Koon will be appointed as Consultant of the company.

Mr. Goon Fook Wye Paul will be appointed as Group Chief Financial Officer and Joint Company Secretary of the Company. He will be responsible for the Group's overall financial and corporate secretarial functions. Mr. Poh Leong Ching David will be re-designated as Chief Business Development Officer /Country Head, China of the Company.

He will spearhead the Group's thrust in developing business opportunities in China. Mr. Chan Kong Meng Lawrence will be re-designated as Chief Corporate Development Officer and Group General Counsel of the Company. His role is to spearhead the commercial and corporate development activities, and provide legal oversight to the Group.

Mr. Cheah Boon Pin will be appointed Chief Risk Officer /Chief Strategy Officer of the Company. Mr. Cheah will be tasked to provide a risk management overlay for the Group's commercial and operational activities. Accordingly, he will relinquish his Group Chief Financial Officer and Joint Company Secretary position.

The changes will take effect from 1 January 2018.