SHIS Limited announced that with effect from 30 June 2018, Mr. Chu Chung Yue, Howard, Mr. Zhang Weining and Mr. Yu Wenzhuo have been appointed as independent non-executive Directors. The Board announced that, with effect from 30 June 2018, (a) Mr. Lim Kai Hwee, has resigned as executive Director; and (b) Ms. Ng, Mr. Toh and Mr. Sim have resigned as independent non-executive Directors. It announced that, with effect from 30 June 2018, (a) Mr. Chua has resigned as the chairman of the Board; and (b) Mr. Yao has been appointed as the chairman of the Board. It announced that, with effect from 30 June 2018, Mr. Chua has been redesignated as the non-executive Director. With effect from 29 June 2018, Mr. Yao and Mr. Teng have been redesignated as members of the Remuneration Committee and members of the Nomination Committee. Mr. Lim Kai Hwee ceased to act as an authorised representative of the Company as required under the Listing Rules with effect from 30 June 2018. Mr. Yao has been appointed as authorised representative of the Company with effect from 30 June 2018 for the purpose of Rule 3.05 of the Listing Rules. Mr. Chu Chung Yue, Howard, aged 69, is currently serving as an independent non-executive Director and the Chairman of the Audit Committee for Yunfeng Financial Group Limited. Mr. Zhang was an assistant professor of Cheung Kong Graduate School of Business from 2012 to 2015 and became an associate professor since 2015. He was the assistant professor of National University of Singapore from 2010 to 2011. Mr. Yu Wenzhuo is currently the Partner of InBlockchain Capital.