The Board of Directors of New Toyo International Holdings Ltd. announced the appointment of Mr. Lim Teck Leong David as the Lead Independent Director of the Company with effect from July 7, 2014. With effect from July 7, 2014, the Audit Committee shall be reconstituted with the members as Mr. Lim Teck Leong David (Chairman); Ms. Victoria Tay Seok Kian; and Mr. James Anthony Campbell; the Remuneration Committee shall be reconstituted with the members as Ms. Victoria Tay Seok Kian (Chairman), Mr. Lim Teck Leong David and Mr. Angela Heng Chor Kiang; and the remuneration committee shall be reconstituted with the members as Ms. Victoria Tay Seok Kian (Chairman), Mr. Lim Teck Leong David and Mr. James Anthony Campbell.