Marco Polo Marine Ltd. announced that two of the Investors (namely, Apricot Capital Pte. Ltd. and Penguin International Limited), are entitled to appoint one director each to the Board. Investors have respectively nominated the Teo Junxiang, Darren (Zhang Junxiang, Darren), Jeffrey Hing Yih Peir persons for appointment as Non-Independent Non-Executive Directors to the Board. In order to meet the independence requirements under the Code of Corporate Governance 2012, the following person is proposed to be appointed as an additional Independent Non-Executive Director to the Board: Tan Hai Peng Michael as Independent Non-Executive Director. The company also announced that Lai Qin Zhi as resigned as Non-Executive Director and Liely Lee resigned as Executive Director.