PureCircle announced the appointment of Peter Lai Hock Meng as its Chief Executive Officer ("CEO") and Stephane Ducroux, as Deputy CEO. Mr. Lai will commence the role of Chief Executive Officer with effect from 2 March 2020. He has significant experience of working with PureCircle, having been a non-executive Director from June 2008 until March 2017.

At present, he serves as Advisor to the PureCircle Board on China matters and is the Chairman of the PureCircle Group's two subsidiaries there. John Slosar will step down as Interim CEO on 2 March 2020. He will continue his role as Non-Executive Chairman.

Mr. Lai Hock Meng has been nominated for Board membership at the upcoming Annual General Meeting. Further to this announcement, he will be considered an Executive Director if he is elected to join the Board. Mr. Ducroux has been promoted to Deputy CEO with immediate effect.

He joined PureCircle in 2018 and has been responsible for a number of the Company's customer-facing functions including sales and marketing, technical and innovation as well as scientific and regulatory affairs. This experience has provided him with an excellent understanding of the Company. His last job at Naturex was COO Americas and Asia-Pacific.

Resignation of Mr. Magomet Malsagov as Adviser. Further to the announcement of 14 November 2019, Mr. Magomet Malsagov has resigned from his role as Adviser to the Chairman. Further to the announcement of 3 January 2020, Jimmy Lim Kian Thong will join the company as its Chief Financial Officer.

His joining date has been amended to be 4 February 2020 and he is expected to join the Board on that date.