ValueMax Group Limited announced Mr. Yeah Hiang Nam will be appointed as Executive Chairman of the Company, with effect from 1 January 2022; Mr. Neo Poh Kiat will be appointed as the Lead Independent Director of the Company with effect from 1 January 2022. Messrs Phua Tin How and Lim Tong Lee having served as Independent Non-Executive Directors of the Company for nine years in 2022, will be stepping down in compliance with the recommendations of the Code of Corporate Governance 2018. with effect from 31 December 2021, in order to facilitate the process of Board renewal. Messrs Neo Poh Kiat, Lim Teck Chai, Danny and Tan Soon Liang, will be appointed as Independent Non-Executive Directors of the Company, with effect from 1 January 2022. Mr. Neo Poh Kiat will be appointed as the Lead Independent Director of the Company with effect from 1 January 2022. Consequent to the above, the members of the Board of Directors and Board Committees of the Company with effect from 1 January 2022 shall be as follows: Audit Committee: Mr. Neo Poh Kiat - Chairman; Dr. Tan Guan Hiang - Member; Mr. Tan Soon Liang - Member. Remuneration Committee: Dr. Tan Guan Hiang - Chairman; Mr. Neo Poh Kiat - Member; Mr. Lim Teck Chai, Danny - Member. Nominating Committee: Mr. Tan Soon Liang - Chairman; Dr. Tan Guan Hiang - Member; Mr. Lim Teck Chai, Danny - Member; Mr. Yeah Hiang Nam - Member.