The board of Valuetronics Holdings Limited announced that with effect from 11 August 2017, Ms. Tan Siok Chin has been re-designated from Non-executive Director to Independent Director. Ms. Tan is a member of the Audit Committee and is considered independent for the purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited. Ms. Tan Siok Chin has been appointed Chairman of the Remuneration Committee in place of Mr. Ong Tiew Siam.