Timeless Software Limited announced that with effect from 2 October 2019: Mr. Chan Mei Ying Spencer is appointed as the Chief Executive Officer and re-designated as an executive Director from the position of an INED (independent non-executive Director) of the Company; Mr. Ronald Tan is appointed as an executive Director of the Company; and Mr. Chan Mei Ying Spencer ceased to act as a member and the chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nomination Committee; and Ms. Chan Choi Ling is appointed as the chairman of the Remuneration Committee. Mr. Chan has been appointed as an INED of the Company since 25 October 2005 and was re-elected as an INED at the annual general meeting of the Company held on 3 September 2019. Mr. Ronald Tan joined the Group in 2016 and is the project manager of the Group, responsible for evaluating and overseeing different investment projects.

Mr. Ronald Tan is the directors of certain subsidiaries of the Company.