OKP Holdings Limited announced the retirement of Dr Chen Seow Phun, John and Mr. Nirumalan s/o V Kanapathi Pillai as Directors of the Company. The Chairman informed that Dr Chen and Mr. Pillai had served on the Board for more than nine years and would cease to be deemed independent at the conclusion of the Meeting under the listing rules. They had indicated their wish to retire at the Meeting.

The appointment of Mr. Choy Wei Hsien Mark as a Director of the Company pursuant to Regulation 117 of the Company's Constitution, and Mr. Choy had given his consent. The Chairman informed that upon his appointment as a Director, Mr. Choy would be the Lead Independent Director, the Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee. Having considered his qualifications, expertise and suitability as well as the recommendation of the Nominating Committee, the Board had proposed the appointment of Mr. Tay Peng Huat as a Director of the Company pursuant to Regulation 117 of the Company's Constitution, and Mr. Tay had given his consent.

The Chairman informed that upon his appointment as a Director, Mr. Tay would be the Chairman of the Audit Committee and a member of the Remuneration Committee and Nominating Committee.