Hong Fok Corporation Limited announced that Mr. Chow Yew Hon has stepped down from the Board and ceased to be the Lead Independent Director of the Company on 31 March 2022. He has also relinquished his positions as the Chairman of the Remuneration Committee and a member of the Nominating Committee and Audit and Risk Management Committee and his position on these committees will be assumed by Mr. Chong Weng Hoe, an existing Non-executive Independent Director.