Singapore Exchange Limited announced that as part of its Board renewal process, Mr. Kwa Chong Seng will step down as Chairman on 31 December 2022. Mr. Kwa was elected as Chairman with effect from 23 September 2016. He was first appointed as a director to the SGX Board on 20 September 2012 and served as Chairman of both the Nominating & Governance Committee and the Remuneration & Staff Development Committee since 19 September 2013, and as Lead Independent Director since 1 December 2013.