After considering the recommendation of the Nominating Committee and having reviewed the credentials and experience of Gerald Lim, the Board of Hi-P International Limited approved the appointment of Gerald Lim as Lead Independent Director and a member of the Nominating Committee in place of Yeo Tiong Eng with effect from 3 May 2018. Mr. Gerald Lim Thien Su is currently an Independent Non-Executive Director, the Chairman of the Audit Committee and a member of the Remuneration Committee of the company.