The board of directors of the Public Financial Holdings Limited announced that Mr. Lai Wan has been appointed as an Independent Non-executive Director, a member of the Audit Committee, Nomination Committee and Remuneration Committee of the company. Mr. Tang Wing Chew has been appointed as an Independent Non-executive Director, a member of the Audit Committee, Nomination Committee and Remuneration Committee of the company. And Mr. Lee Huat Oon has been re-designated as an Executive Director of the company.

Mr. Lai is currently an Independent Non-executive Director of Public Bank Berhad (PBB). Mr. Tang is currently an Independent Non-executive Director of PBB. Mr. Lee is currently the Executive Director and General Manager/Chief Executive of Public Finance Limited.

The changes are effective from 20 December 2013.