The Board of Directors of Multi-Chem Limited advised that Independent Director, Mr. Neo Mok Choon is on leave of absence due to medical reasons until the Company's forthcoming Annual General Meeting. The Board and Management of the Group wishes Mr. Neo Mok Choon a speedy recovery and will provide an update to shareholders as may be necessary. During this interim period, Mr. Lim Keng Jin will be the Acting Chairman of the Audit and Risk Management Committee ("ARMC").

The ARMC comprises three Directors, all of whom are independent, in the absence of Mr. Neo Mok Choon.