The board of directors of CapAllianz Holdings Limited announced the following changes in the composition of the Board with effect from 14 January 2022: Mr. Lee Chye Cheng, Adrian (Mr. Lee), Non-Executive Independent Director and Chairman, has been re-designated to Non-Executive Non-Independent Director and Chairman (the Re-designation); and Mr. Ong Beng Chye (Mr. Ong), Non-Executive Independent Director, has assumed the role of Lead Independent Director.