The Board of Directors of Memories Group Limited announced the appointment of Mr. Vincent Chan Chun Hung as a Non-Independent Non-Executive Director of the Company with effect on 1 February 2019. Mr. Vincent Chan is currently the Senior Managing Director of Samena Capital Hong Kong Ltd. which indirectly manages and controls Samena Mandalay Holdings, a substantial shareholder of the company. The details of the aforesaid appointment as required under Rule 704(6) of the Listing Manual (Section B: Rules of Catalist) of the Singapore Exchange Securities Trading Limited will be set out in separate announcement for release to SGX-ST January 30, 2019. With effect from 1 February 2019, the composition of the board shall be as follows:- Mr. Serge Pun (Executive Chairman); Mr. Cyrus Pun Chi Yam (Executive Director and Chief Executive Officer); Mr. Tun Tun (Non-Executive Director); Mr. Vincent Chan (Non-Executive Director); Mr. Basil Chan (Lead Independent Director) and Mr. Robin C Lee (Independent Director). All members of Audit & Risk Management Committee, Remuneration Committee and Nominating Committee shall remain unchanged.