The Board of Directors of Sing Investments & Finance Ltd. announced that Mr. Tan Tong Guan, having served as a Director of Sing Investments & Finance Limited for nine (9) years, has retired as a member of the Board upon conclusion of the Annual General Meeting on April 22, 2014. Upon the retirement of Mr. Tan Tong Guan from the Board, he ceased to be Chairman of the Audit Committee, Lead Independent Director and a member of the Nominating Committee, effective April 23, 2014. Mr. Ng Tat Pun has been appointed as the new Lead Independent Director of the company.

Mr. Lim Poh Suan, upon his re-election at the Annual General Meeting which had just concluded, has been appointed Chairman of the Audit Committee.