The Board of Directors of Penguin International Limited announced the appointment of Mr. Ong Kian Min as its Lead Independent Director with effect from May 3, 2013. The appointment is in line with the Code of Corporate Governance 2012 which recommends the appointment of a Lead Independent Director where the Chairman is part of the management team. Mr. Ong will continue to act as the Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees.