The Board of Directors of SHS Holdings Ltd. announced with effect from 1 March 2018, the resignation of Mr. Chew Hoe Soon as Non-Executive and Independent Director. Accordingly, he also ceased as Chairman of the Board; the appointment of Mr. Teng Choon Kiat, Non-Executive and Non-Independent Director, as Chairman of the Board; and the appointment of Mr. Lee Gee Aik as Lead Independent Director of the company. Mr. Lee will remain as Chairman of the Audit Committee and a member of the Remuneration Committee.