Boustead Singapore Limited announced that Mr. Mak Lye Mun is currently an Independent Non-Executive Director of the Board, as well as the Chairman of the Remuneration Committee and member of the Audit & Risk Committee. The Board having reviewed and considered Mr. Mak's qualifications and experience, concurred with the recommendation of the Nomination Committee and approved the re-designation of Mr. Mak as the Lead Independent Director of the Board. Working Experience includes Chief Executive Officer of CIMB Bank Singapore, Advisor to the Chief Executive Officer of CIMB Group Holdings Bhd.

Other Directorships Past include Independent Non-Executive Chairman of Hwa Hong Corporation Ltd, Independent Non-Executive Director of Boardroom Ltd. and Tat Hong Holdings Ltd. Mr. Mak Lye Mun has been re-designated from Independent Non-Executive Director to Lead Independent Director. Following this change, the composition of the Board will be: Board of Directors 1. Wong Fong Fui - Chairman & Group Chief Executive Officer 2. Wong Yu Loon - Executive Director & Deputy Group Chief Executive Officer 3. Mak Lye Mun - Lead Independent Director 4. Dr Tan Khee Giap - Independent Non-Executive Director 5. Liak Teng Lit - Independent Non-Executive Director The composition of the Board Committees remain unchanged as follows: Audit & Risk Committee 1. Dr Tan Khee Giap (Chairman) 2. Liak Teng Lit 3. Mak Lye Mun Nominating Committee 1. Liak Teng Lit (Chairman) 2. Dr Tan Khee Giap 3. Wong Fong Fui Remuneration Committee 1. Mak Lye Mun (Chairman) 2. Dr Tan Khee Giap 3. Liak Teng Lit. Professional Qualifications is Bachelor of Civil Engineering (1st Class Hons), University of Malaya MBA, University of Texas at Austin.