The Board of Directors of Stamford Land Corporation Ltd. announced retirement of Stanley Lai Tze Chang has retired as Independent Non-Executive Director of the Company at the conclusion of the Annual General Meeting held on 27 July 2018. Consequent to his retirement, Stanley Lai ceased to be the Chairman of the Remuneration Committee and Member of the Audit and Risk Management Committee. Goh Shao Lian, Benjamin has been appointed as an Independent Non-Executive Director of the Company, Chairman of Remuneration Committee and Member of Audit and Risk Management Committee.