The board of directors of LY Corporation Limited announced the following changes: Redesignation of Datuk Yap Kheng Fah (?Datuk Yap?), an existing Independent Director of the Company, as the Non-Independent Non-Executive Director of the Company. Following Datuk Yap's redesignation, he would contemporaneously relinquish his position as the Chairman of the Nominating Committee (NC) with immediate effect; Redesignation of Mr. Choo Chee Beng (?Mr Choo?), an existing member of the NC, as the Chairman of the NC of the Company with immediate effect; and Appointment of Mr. Yeo Kian Wee Andy, an existing Independent Director of the Company, as the member of the NC of the Company with immediate effect. Following the aforesaid changes, the composition of the Board and the NC shall be reconstituted as follows with immediate effect: Board of Directors: Mr. Yeo Kian Wee Andy (Chairman, Independent Non-Executive Director), Mr. Tan Kwee Chai (Executive Director), Mr. Tan Yong Chuan (Executive Director and Chief Executive Officer), Ms Tan Ai Luang (Executive Director), Mr. Choo Chee Beng (Independent Non-Executive Director), Datuk Yap Kheng Fah (Non-Independent Non-Executive Director), Nominating Committee: Mr. Choo Chee Beng (Chairman), Mr. Yeo Kian Wee Andy, Mr. Tan Yong Chuan.