The Board of Directors of Libra Group Limited announced the appointment of Ms Christine Liu Yang as the Chief Executive Officer of the company and the appointment of Mr. Shawn Ow Tjin Ern as a Non-Executive Non-Independent Director of the company with effect from 6 December 2019. Accordingly, Mr. Chu Sau Ben will resign from his position as the Chief Executive Officer of the company with effect from 6 December 2019. Following the appointment, Mr. Chu Sau Ben will remain as the Executive Chairman of the company and the Board of Directors shall be re-constituted as: Mr. Chu Sau Ben: Executive Chairman; Ms Christine Liu Yang: Chief Executive Officer and Executive Director; Mr. Chay Yiowmin: Non-Executive Director; Mr. Shawn Ow Tjin Ern: Non-Executive Non-Independent Director; Mr. Joel Leong Kum Hoe: Lead Independent Director; Mr. Soon Ai Kwang: Independent Director; Mr. Goh Keng Haw: Independent Director; The Audit Committee, Nominating Committee, and Remuneration Committee shall remain the same.

Liu Yang working experience includes: Executive Director, Libra Group Limited from August 2019 As ED, assisting the Executive Chairman with regards to the overall operations of the Group and for making top-level managerial decisions; Executive Director, Success Consultings Pte Ltd, from October 2016 to April 2019; Office Manager, Kingsford Development & Construction Pte Ltd, from May 2013 to September 2016; Assistant Office Manager, B & B Pte Ltd, from July 2012 to March 2013. Shawn Ow Tjin Ern working experience includes: CFO - TSL Holdings (2016 to present); Director - Standard Chartered Bank (2011 to 2016); Senior Analyst - Visa Inc. (2009 to 2011); Analyst - Macquarie Capital Advisors (2008 to 2009).