The Board of Directors of Hong Leong Finance Limited ("HLF" or the "Company") announced that pursuant to the Nominating Committee's recommendation, the Board has approved the appointment of Mr. Peter Chay Fook Yuen, Mr. Tan Tee How and Ms. Tan Siew San as independent non-executive Directors of the company. Mr. Chay, Mr. Tan and Ms. Tan will join the Board on 11 June 2019. Mr. Chay has over 30 years of experience in auditing and advisory work across various industries, primarily in real estate, financial institutions and healthcare, and specific experience in corporate restructuring, insolvency and corporate finance related work. He retired from the Company's current audit firm, KPMG LLP in September 2017. Mr. Tan is currently an executive director of Chip Eng Seng Corporation Ltd. ("CES"). Ms. Tan was Singapore's Ambassador to the Kingdom of Thailand from March 2012 to May 2019, and will be retiring from the Singapore civil service in June 2019. With the appointments of Mr. Chay, Mr. Tan and Ms. Tan as Independent Non- Executive Directors of the Company, the Board also announced the following changes to the Company's Board Committees with effect from 11 June 2019: appointment of Mr. Tan as a member of the Audit Committee ("AC") in place of Mr. Bertie Cheng who will step down from the said committee; appointment of both Mr. Chay and Mr. Tan as members of the Board Risk Committee ("BRC"); appointment of Mr. Chay as chairman of the Remuneration Committee ("RC") and the Hong Leong Finance Share Option Scheme 2001 Committee ("SOSC") in place of Mr. Po'ad Mattar who will step down from the said committees; and appointment of Ms. Tan as a member of the Board Sustainability Committee ("BSC") in place of Mr. Raymond Lim who will step down from the said committee.